Unhedged Variable Rate Debt. As at the end of any two consecutive fiscal quarters and any other date of measurement, the Obligors shall not permit the value of Unhedged Variable Rate Debt to exceed 30% of Gross Asset Value.
Appears in 2 contracts
Sources: Note Purchase Agreement (Sovran Self Storage Inc), Note Purchase Agreement (Sovran Self Storage Inc)
Unhedged Variable Rate Debt. As at the end of any two consecutive fiscal quarters and any other date of measurement, the Obligors Borrowers shall not permit the value of Unhedged Variable Rate Debt to exceed 30% of Gross Asset Value.
Appears in 2 contracts
Sources: Revolving Credit and Term Loan Agreement (Sovran Self Storage Inc), Revolving Credit and Term Loan Agreement (Sovran Self Storage Inc)
Unhedged Variable Rate Debt. As at the end of any two consecutive fiscal quarters and any other date of measurementquarter, the Obligors Borrowers shall not permit the value of Unhedged Variable Rate Debt to exceed 3020% of Gross Asset ValueValue for any two (2) consecutive fiscal quarters.
Appears in 2 contracts
Sources: Revolving Credit and Term Loan Agreement (Sovran Acquisition LTD Partnership), Revolving Credit and Term Loan Agreement (Sovran Self Storage Inc)
Unhedged Variable Rate Debt. As at the end of any two (2) consecutive fiscal quarters and any other date of measurementquarters, the Obligors Borrowers shall not permit the value of Unhedged Variable Rate Debt Indebtedness to exceed 3020% of Gross Asset ValueConsolidated Capitalized NOI.
Appears in 1 contract
Sources: Revolving Credit Agreement (Cali Realty Corp /New/)