Unsecured Debt definition

Unsecured Debt means Debt which is not secured by any of the properties of the Company or any Subsidiary.

Unsecured Debt means Indebtedness of any Person that is not Secured Indebtedness.

Unsecured Debt means Debt which is not secured by any mortgage, lien, pledge, encumbrance or security interest of any kind.

Examples of Unsecured Debt in a sentence

• As of the last day of each calendar quarter and as of the date of any sale or secured financing of any Unencumbered Asset Pool Property, the ratio of (i) Unencumbered Asset Pool Net Operating Cash Flow to (ii) Unsecured Debt Service will not be less than 1.75:1.0.

• The Parent Guarantor and its Subsidiaries will not have at any time Total Unencumbered Assets of less than 150% of the aggregate principal amount of all of the Parent Guarantor’s and its Subsidiaries’ outstanding Unsecured Debt determined on a consolidated basis in accordance with GAAP.

• The Company proposes to issue and sell from time to time its Unsecured Debt Securities (“Notes”) in transactions exempt from, or not subject to, the registration requirements of the Securities Act pursuant to Rule 144A or Regulation S promulgated thereunder.

• The Company and its Restricted Subsidiaries shall, at all times, including for the avoidance of doubt during any Suspension Period, maintain Total Unencumbered Assets as of the end of each Fiscal Quarter of not less than 150.0% of the aggregate outstanding principal amount of the Company’s and its Restricted Subsidiaries’ Unsecured Debt as of the end of each Fiscal Quarter, all calculated on a consolidated basis in accordance with GAAP.

More Definitions of Unsecured Debt

Unsecured Debt means Debt of the Company or any of its Subsidiaries which is not secured by a Lien on any property or assets of the Company or any of its Subsidiaries.

Unsecured Debt means any Debt of the Company or its Subsidiaries which is not Secured Debt.

Unsecured Debt as of any date means Debt which is not secured by any mortgage, lien, charge, pledge, encumbrance or security interest of any kind upon any of the properties of the Issuer or any Subsidiary.

Unsecured Debt means, as of any date, that portion of Total Outstanding Debt as of that date that is neither Secured Debt nor Contingent Liabilities of Boston Properties Limited Partnership and Subsidiaries.

Unsecured Debt means, for any Person, Indebtedness of such Person that is not Secured Debt.

Unsecured Debt means (a) Indebtedness of the Obligors and their Subsidiaries on a consolidated basis outstanding at any time which is (a) not Secured Debt or (b) secured in any manner by any Lien on any partnership, membership or other equity interests unless also secured by a Lien on Property.

Unsecured Debt means Debt of the Company or any Subsidiary that is not Secured Debt.