Unsecured Debt Ratio. As of each of (x) the last day of each calendar quarter, and (y) any Borrowing, the Unsecured Debt Ratio shall not be less than 1.67:1.0.
Unsecured Debt Ratio. The Unsecured Debt Ratio shall at all times be less than or equal to .50 to 1.0.
Unsecured Debt Ratio. The Unsecured Debt Ratio, as of the end of each fiscal quarter of the Credit Parties, shall be greater than or equal to the following ratios for the following periods:
Unsecured Debt Ratio. As of each of (x) the last day of each calendar quarter, and (y) any Borrowing, the Unsecured Debt Ratio shall not be less than 1.67:1.0; provided, however, with respect to any period in which the Borrower or any of its Consolidated Subsidiaries have acquired a Real Property Asset (or multiple Real Property Assets in a single transaction) for a price of more than $200,000,000, the Unsecured Debt Ratio for such quarter and the next succeeding three (3) quarters may decrease to 1.55:1.00, provided such ratio is not less than 1.67:1.00 thereafter.
Unsecured Debt Ratio. The Borrower shall not permit, as of any Test Date (both before and on a pro forma basis after giving effect to any applicable Test Event), the ratio of (i) Unsecured Debt of the Borrower and its Subsidiaries to (ii) Unencumbered Asset Value to be greater than 50%.
Unsecured Debt Ratio. 5 Unsecured Debt of the Borrower and its Subsidiaries $ __________ (1) Unencumbered Asset Value $ __________ (2) Ratio of (1) to (2) ___________% Permitted Maximum 50%
Unsecured Debt Ratio. As of the last day of each calendar quarter, the Unsecured Debt Ratio will not be less than (A) 0.87:1 commencing as of October 1, 1998 through Xxxxx 00, 0000, (X) 0.90:1 from April 1, 1999 through June 30, 1999, (C) 0.95:1 from July 1, 1999 through September 30, 1999, and (D) 1.0:1 thereafter.
Unsecured Debt Ratio. The Company shall not at any time permit the Unsecured Debt Ratio to be less than 1.67:1.0; provided, however, with respect to any period in which the Company or any of its Consolidated Subsidiaries have acquired a Real Property Asset (or multiple Real Property Assets in a single transaction) for a price of more than $200,000,000 the Unsecured Debt Ratio for such quarter and the next succeeding three (3) quarters may decrease to 1.55:1.00, provided such ratio is not less than 1.67:1.00 thereafter. XXXXXX REALTY, L.P. NOTE PURCHASE AGREEMENT
Unsecured Debt Ratio. Unsecured Consolidated Total Indebtedness not to exceed 60 - 65% of Consolidated Unencumbered Asset Value Fair Market Value of Unencumbered Assets + Unrestricted Cash and Cash Equivalents - Debt with maturities in under 24 months $ + Eligible Cash 1031 Proceeds — + Marketable Securities Unencumbered land, construction in progress and Mortgage and Mezzanine + Loan receivables = Consolidated Unencumbered Asset Value (L) Unsecured Consolidated Total Indebtedness (M) - Debt with maturities in under 24 months Adjusted Unsecured Consolidated Total Indebtedness Unsecured Debt Ratio (M / L) Test
Unsecured Debt Ratio. The following is hereby inserted at the end of the first sentence of Section 5.8(e): “, provided that if as a result of a Major Acquisition, the ratio of Unencumbered Asset Pool Properties Value to Unsecured Debt may be less than 1.67:1 for up to two (2) consecutive quarters, but in no event to be less than 1.54:1”.
