Total Asset Value. For purposes of calculating such ratio, (i) Total Indebtedness shall be adjusted by deducting therefrom an amount equal to the lesser of (x) Total Indebtedness that by its terms is scheduled to mature on or before the date that is twenty-four (24) months from the date of calculation (“Maturing Indebtedness”), and (y) unrestricted cash and Cash Equivalents in excess of $25,000,000, and (ii) Total Asset Value shall be adjusted by deducting therefrom the amount deducted from Total Indebtedness pursuant to clause (i).
Total Asset Value. As of any date of determination, the total of i) the value of Unrestricted Cash and Cash Equivalents on such date, as determined in accordance with GAAP, plus ii) the Value of the Borrower’s real estate. The Value of real estate held within Unconsolidated Affiliates and non-Wholly Owned Subsidiaries will be valued using the same methodology with the Borrower only receiving credit for their Equity Percentage of the subject Unconsolidated Affiliates and non-Wholly Owned Subsidiaries.
Total Asset Value. For purposes of determining Total Asset Value, Adjusted NOI from Properties disposed of by the Parent, the Borrower or any Subsidiary during the immediately preceding period of four consecutive fiscal quarters of the Borrower shall be excluded.
Total Asset Value. Without duplication, the sum of: (1) unrestricted cash and marketable securities held by EPR and its Subsidiaries; plus (2) Total Real Estate Value; plus (3) non-income producing real estate at cost of EPR and its Subsidiaries, plus (4) Concord Value, plus (5) TLS Pro-Forma Value until such asset is acquired or EPR’s interest is otherwise settled.
Total Asset Value. “Consolidated Total Indebtedness” means, as of any date of determination, without duplication, the aggregate amount of Indebtedness of the Consolidated Parties, on a consolidated basis. “Consolidated Total Unsecured Indebtedness” means, as of any date of determination, without duplication, the aggregate amount of Unsecured Indebtedness of the Consolidated Parties, on a consolidated basis. “Consolidated Unsecured Interest Charges” means, for any period, for the Consolidated Parties on a consolidated basis, an amount equal to the Consolidated Interest Charges determined solely with respect to Consolidated Total Unsecured Indebtedness.
Total Asset Value. The sum of (without duplication) (a) the aggregate Value of all of Borrower’s, REIT Guarantor’s and their Subsidiaries’ Real Estate, plus (b) the Value of their mortgage loan investments of the REIT Guarantor and its Subsidiaries, plus (c) the amount of any Unrestricted Cash and Cash Equivalents of the REIT Guarantor and its Subsidiaries, excluding tenant security and other restricted deposits, plus (d) the amount of any restricted cash that is being reserved and earmarked to pay the cost of tenant improvements, leasing commissions, and capital improvements for the Real Estate of the REIT Guarantor and its Subsidiaries. For any non-Wholly Owned Subsidiary, Total Asset Value shall be adjusted for Borrower’s, REIT Guarantor’s and their Subsidiaries’ pro rata ownership percentage.
Total Asset Value. Designated Lender shall mean a special purpose corporation that (a) shall have become a party to this Agreement pursuant to Section 10.5(f), and (b) is not otherwise a Lender. Designated Lender Notes shall mean promissory notes of the Borrower, substantially in the form of Exhibit C hereto, evidencing the obligation of the Borrower to repay Money Market Loans made by Designated Lenders, and Designated Lender Note means any one of such promissory notes issued under Section 10.5(f). Designating Lender shall have the meaning set forth in Section 10.5(f). Designation Agreement shall mean a designation agreement in substantially the form of Exhibit H attached hereto, entered into by a Lender and a Designated Lender and accepted by the Agent. Disqualified Stock shall mean any of the Borrower’s capital stock which by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable or exercisable) (a) matures or is subject to mandatory redemption, pursuant to a sinking fund obligation or otherwise, (b) is convertible into or exchangeable or exercisable for Indebtedness or Disqualified Stock, (c) is redeemable at the option of the holder of such stock, or (d) otherwise requires any payments by Borrower, in each case on or before the Maturity Date.
Total Asset Value. On a Consolidated basis for REIT, the Borrower and their respective Subsidiaries, Total Asset Value shall mean at any time the sum of (without duplication with respect to any Real Estate):
Total Asset Value. For purposes of the foregoing, (i) the amount of any Investment held by ProLogis and its Consolidated Affiliates shall be calculated as the amount of such Investment determined in accordance with GAAP plus accumulated depreciation with respect to such Investment, and (ii) the amount of Investments held through Unconsolidated Affiliates shall be calculated using the Companies= Share of the amount of the underlying Properties or other assets of such Unconsolidated Affiliates determined in accordance with GAAP plus accumulated depreciation with respect to such Properties or other assets.
Total Asset Value. Property — Real Estate Assets of Initial Borrowing Base Properties — Real Estate Assets of other Borrowing Base Properties (excl. IBBP) Property — Real Estate Assets of Borrowing Base Properties other than IBBP — Real Estate Assets of non-Borrowing Base Properties Wholly-owned/SMLLCs — Beneficial Ownership in DST — — Non-Real Estate Assets Wholly-owned — Beneficial Ownership in DST — — = Consolidated Total Adjusted Asset Value — Total Indebtedness At balance sheet date: Syndicated Credit Facility (KeyBank) — Accounts payable older than 60 days — Mortgage Notes — Wholly-Owned Entitles — Mortgage Notes — Beneficial Ownership in DSTs — Significant Changes in Indebtedness subsequent to balance sheet date: Item — = Consolidated Total Indebtedness — Actual 0.0 % Covenant — Max% 65.0 % Compliant? Yes/No
