Common use of Assets Owned by Borrower and Guarantors Clause in Contracts

Assets Owned by Borrower and Guarantors. The Parent shall not permit the amount of Adjusted Total Asset Value attributable to assets directly owned by the Borrower and the Guarantors to be less than 95.0% of Adjusted Total Asset Value at any time.

Appears in 6 contracts

Samples: Assignment and Assumption Agreement (Parkway Properties Inc), Term Loan Agreement (Parkway Properties Inc), Credit Agreement (Parkway Properties Inc)

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Assets Owned by Borrower and Guarantors. The Parent shall not permit the amount of Adjusted Total Asset Value attributable to assets directly owned by the Borrower and the Guarantors to be less than 95.090.0% of Adjusted Total Asset Value at any time.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Excel Trust, Inc.)

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Assets Owned by Borrower and Guarantors. The Parent shall not permit the amount of Adjusted Total Asset Value attributable to assets directly owned by the Borrower and the Guarantors to be less than 95.095% of Adjusted Total Asset Value at as of any timeRequired Joinder Date.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Parkway, Inc.)

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