Consolidated Secured Indebtedness. Permit the Consolidated Secured Indebtedness Ratio (expressed as a percentage), as of the last day of any fiscal quarter of the Parent Guarantor, to be greater than 40%.
Consolidated Secured Indebtedness. As of any date of determination, the aggregate principal amount of all Indebtedness of MCRC, the Borrower and their respective Subsidiaries outstanding at such date secured by a Lien on the Real Estate of such Person, without regard to Recourse.
Consolidated Secured Indebtedness. As of any date of determination, the aggregate principal amount of all Indebtedness of the Borrowers and their respective Subsidiaries for borrowed money or in respect of reimbursement obligations for letters of credit, guaranty obligations or Capitalized Leases, whether direct or contingent, which is outstanding at such date and which is secured by a Lien on properties or other assets of such Persons, without regard to Recourse. Consolidated Tangible Net Worth. As of any date of determination, Gross Asset Value minus Consolidated Total Liabilities. Consolidated Total Interest Expense. For any period, the aggregate amount of interest required to be paid or accrued by the Borrowers and their respective Subsidiaries during such period on all Indebtedness of the Borrowers and their respective Subsidiaries outstanding during all or any part of such period, whether such interest was or is required to be reflected as an item of expense or capitalized, including payments consisting of interest in respect of any Capitalized Lease or any Synthetic Lease, and including commitment fees, agency fees, facility fees, balance deficiency fees and similar fees or expenses in connection with the borrowing of money; provided that such fees paid in connection with the borrowing of money may be amortized over the period of the applicable loan.
Consolidated Secured Indebtedness. With respect to the REIT and its Subsidiaries as of any given date, the aggregate principal amount of all Indebtedness of such Persons on a Consolidated basis outstanding at such date and that is secured in any manner by any Lien, and in the case of the REIT or its Subsidiaries, shall include (without duplication) such Person’s Equity Percentage of the Consolidated Secured Indebtedness of its Unconsolidated Affiliates. Consolidated Tangible Net Worth. The amount by which Gross Asset Value exceeds Consolidated Total Indebtedness.
Consolidated Secured Indebtedness. As of any date of determination, the aggregate principal amount of all Indebtedness of MCRC, the Borrower and their respective Subsidiaries outstanding at such date secured by a Lien on the Real Estate of such Person, without regard to Recourse. CONSOLIDATED TANGIBLE NET WORTH. As of any date of determination, the Consolidated Total Capitalization MINUS Consolidated Total Liabilities.
Consolidated Secured Indebtedness. As of any date of determination, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries outstanding at such date secured by a Lien on properties or other assets of the Borrower or its Subsidiaries, without regard to recourse.
Consolidated Secured Indebtedness. As at the end of any fiscal --------------------------------- quarter or any other date of measurement, the Borrower shall not permit Consolidated Secured Indebtedness to exceed 40% of Consolidated Market Value. For purposes of this (S)9.2, 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.
Consolidated Secured Indebtedness. (i) secured indebtedness of Borrower and Subsidiaries ---------- ----- (ii) prorata share of secured indebtedness of Investment
Consolidated Secured Indebtedness. Any Consolidated Total Indebtedness which is secured by a Lien on any Real Estate; Consolidated Secured Indebtedness shall not include the Obligations.
Consolidated Secured Indebtedness. Permit at any time the ratio of Consolidated Secured Indebtedness (excluding Non-Recourse Indebtedness of Unrestricted Subsidiaries) to Consolidated Total Value to be greater than .45 to 1.00.
