Consolidated Outstanding Indebtedness Sample Clauses

Consolidated Outstanding Indebtedness. As at the end of any fiscal quarter or any other date of measurement, the Borrower shall not permit Consolidated Outstanding Indebtedness to exceed 50% of Consolidated Market Value; provided that the Borrower shall not be deemed to have breached the within covenant if from time to time, for a period of not more than one hundred eighty (180) consecutive days, Consolidated Outstanding Indebtedness exceeds 50% of Consolidated Market Value but does not exceed 60% of Consolidated Market Value (an "Increased Leverage Period") so long as (a) the Borrower shall have given the Agent prior or simultaneous written notice of the commencement of an Increased Leverage Period and (b) after the Borrower at any time reduces Consolidated Outstanding Indebtedness to not greater than 50% of Consolidated Market Value, the Borrower shall maintain Consolidated Outstanding Indebtedness at not greater than 50% of Consolidated Market Value for a period of at least thirty (30) consecutive days or such shorter period of time as may be agreed to in writing by the Majority Banks. For purposes of this ss.9.1, Consolidated Market Value shall be adjusted on a pro-forma basis to account for Real Estate Assets acquired during such prior fiscal quarter by projecting the Funds from Operations generated by each such acquired Real Estate Asset for the portion of the quarter during which it was owned or ground-leased by the Borrower over the entire quarter.
Sample 1
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Consolidated Outstanding Indebtedness. As at the end of any fiscal quarter or any other date of measurement, the Borrower shall not permit Consolidated Outstanding Indebtedness to exceed 50% of Consolidated Market Value.
Sample 1
Consolidated Outstanding Indebtedness. 75 ss.9.2. Consolidated Secured Indebtedness.................................................76 ss.9.3. Net Worth.........................................................................76 ss.9.4. Unencumbered Assets...............................................................76 ss.9.5 Cash Flow.........................................................................77 ss.9.6 Unencumbered Asset Debt Service Coverage..........................................77 ss.9.7 Assets Under Development..........................................................77 ss.9.9
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Consolidated Outstanding Indebtedness. As of any date of determination, all Indebtedness of the Borrower and its Subsidiaries as of such date determined on a consolidated basis in accordance with GAAP.
Sample 1

Related to Consolidated Outstanding Indebtedness

  • Outstanding Indebtedness Neither the Company nor any of its Subsidiaries has outstanding any Indebtedness except as permitted by paragraph 6B. There exists no default under the provisions of any instrument evidencing such Indebtedness or of any agreement relating thereto.

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • Funded Indebtedness 2 GAAP............................................................ 6

  • Funded Debt No Borrower Party will, or will permit any of its Subsidiaries to, create, assume, incur, or otherwise become or remain obligated in respect of, or permit to be outstanding, any Funded Debt except:

  • Consolidated Total Indebtedness All Indebtedness of Parent Borrower and its Subsidiaries determined on a consolidated basis and shall include (without duplication), such Person’s Equity Percentage of the Indebtedness of its Unconsolidated Affiliates.

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • Unsecured Indebtedness All Indebtedness of Borrower, of any Guarantor or of any of the other Related Companies to the extent not secured by a Lien on any Properties including, without limitation, the Outstanding Obligations and any Indebtedness evidenced by any bonds, debentures, notes or other debt securities presently outstanding or which may be hereafter issued by Borrower or by the Company. Unsecured Indebtedness shall not include accrued ordinary operating expenses payable on a current basis.

  • Investments; Indebtedness Virata shall not, and shall not permit ------------------------- any of its Subsidiaries to (i) make any loans, advances or capital contributions to, or investments in, any other Person, other than (A) loans or investments by Virata or a Subsidiary of Virata to or in Virata or any Subsidiary of Virata, (B) in the ordinary course of business consistent with past practice which are not, individually or in the aggregate, material to Virata and its Subsidiaries taken together as a whole (provided that none of such transactions referred to in this clause (B) presents a material risk of making it more difficult to obtain any approval or authorization required in connection with the Merger under Regulatory Law) or (ii) except in the ordinary course consistent with past practice, incur any indebtedness for borrowed money or guarantee any such indebtedness of another Person, issue or sell any debt securities or warrants or other rights to acquire any debt securities of Virata or any of its Subsidiaries, guarantee any debt securities of another Person, enter into any "keep well" or other agreement to maintain any financial statement condition of another Person (other than any wholly owned Subsidiary) or enter into any arrangement having the economic effect of any of the foregoing.

  • Total Indebtedness Create, incur, assume, or suffer to exist, or permit any Subsidiary of Borrower to create, incur or suffer to exist, any Indebtedness, except:

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

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