Examples of Undepreciated Real Estate Assets in a sentence
Permit the Undepreciated Real Estate Assets at any time to be less than the total of all unsecured Indebtedness of the Borrower at such time.
As of any date, the sum of (i) Undepreciated Real Estate Assets and (ii) all other assets of the Borrower and its Subsidiaries determined in accordance with GAAP (but excluding intangibles and accounts receivable) after eliminating intercompany accounts and transactions.
For the purposes of this Section 9.1, “Total Assets” as of any date means the sum of (a) Undepreciated Real Estate Assets and (b) all other assets of the Corporation determined in accordance with generally accepted accounting principles (but excluding intangibles).
The Borrower will not permit the --------------- portion of Undepreciated Real Estate Assets which is subject to no Lien (other than a Permitted Lien) to be less than 150% of the aggregate principal amount outstanding at any time of Debt which is not secured by a Lien on Property of the Borrower or any Subsidiary.
Its outstanding Debt or other Indebtedness secured by total Liens on any of its property or assets to be greater than thirty-seven percent (37%) of its Undepreciated Real Estate Assets as of the last day of the quarter.