Incurrence of Indebtedness. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, Incur any Indebtedness if, immediately after giving effect to the Incurrence of such Indebtedness and the receipt and application of the proceeds therefrom, the aggregate principal amount of all outstanding Indebtedness of the Company and its Restricted Subsidiaries on a consolidated basis would be greater than 65% of Adjusted Total Assets as of any date of Incurrence.
Appears in 5 contracts
Samples: Indenture (MGM Growth Properties Operating Partnership LP), Indenture (MGM Growth Properties Operating Partnership LP), Indenture (MGM Growth Properties Operating Partnership LP)
Incurrence of Indebtedness. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, Incur any Indebtedness if, immediately after giving effect to the Incurrence of such Indebtedness and the receipt and application of the proceeds therefromIndebtedness, on a Pro Forma Basis, the aggregate principal amount of all outstanding Indebtedness of the Company and its Restricted Subsidiaries on a consolidated basis would be greater than 65% of Total Net Debt to Adjusted Total Assets as of any date of IncurrenceRatio would exceed 0.65 to 1.00.
Appears in 4 contracts
Samples: Supplemental Indenture (Vici Properties Inc.), Supplemental Indenture (Vici Properties Inc.), Supplemental Indenture (Vici Properties Inc.)
Incurrence of Indebtedness. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, Incur any Indebtedness if, immediately after giving effect to the Incurrence of such Indebtedness and the receipt and application of the proceeds therefromIndebtedness, on a Pro Forma Basis, the aggregate principal amount ratio of all outstanding consolidated Indebtedness of the Company and its the Restricted Subsidiaries on a consolidated basis would be greater than 65% of to Adjusted Total Assets as of any date of Incurrencewould exceed 0.65 to 1.00.
Appears in 3 contracts
Samples: Supplemental Indenture (Park Hotels & Resorts Inc.), Indenture (Park Hotels & Resorts Inc.), Indenture (Park Hotels & Resorts Inc.)
Incurrence of Indebtedness. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, Incur any Indebtedness if, immediately after giving effect to the Incurrence of such Indebtedness and the receipt and application of the proceeds therefrom, the aggregate principal amount of all outstanding Indebtedness Interest Coverage Ratio of the Company and its Restricted Subsidiaries on a consolidated basis would be greater less than 65% of Adjusted Total Assets as of any date of Incurrence2.0 to 1.0.
Appears in 2 contracts
Samples: Supplemental Indenture (CyrusOne Inc.), Supplemental Indenture (CyrusOne Inc.)
Incurrence of Indebtedness. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, Incur any Indebtedness if, immediately after giving effect to the Incurrence of such Indebtedness and the receipt and application of the proceeds therefrom, the aggregate principal amount of all outstanding Indebtedness of the Company and its Restricted Subsidiaries on a consolidated basis would be greater than 6560% of Adjusted Total Assets as of any date of Incurrence.
Appears in 2 contracts
Samples: Indenture (CyrusOne Inc.), Indenture (Cincinnati Bell Inc)
Incurrence of Indebtedness. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, Incur directly or indirectly, incur any Indebtedness, provided, however, that the Company and any Guarantor may incur Indebtedness if, immediately if at the time of the incurrence and after giving pro forma effect to the Incurrence of such Indebtedness and the receipt and application of the proceeds therefromof the Indebtedness, the aggregate principal amount of all outstanding Indebtedness of the Company and its Restricted Subsidiaries on a consolidated basis Consolidated Fixed Charge Coverage Ratio would be greater than 65% of Adjusted Total Assets as of any date of Incurrenceat least 2.0 to 1.0.
Appears in 1 contract
