Consolidated Unsecured Indebtedness. As of any date of determination, the aggregate principal amount of all Unsecured Indebtedness of MCRC, the Borrower and their respective Subsidiaries outstanding at such date, including without limitation the aggregate principal amount of all the Obligations under this Agreement as of such date, determined on a consolidated basis in accordance with GAAP, without regard to Recourse.
Consolidated Unsecured Indebtedness. As of any date of determination, the aggregate principal amount of all Unsecured 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, including without limitation the aggregate principal amount of all the Obligations under this Credit Agreement as of such date determined on a consolidated basis in accordance with GAAP, without regard to Recourse.
Consolidated Unsecured Indebtedness. Permit the Consolidated Unsecured Indebtedness, as of the last day of any fiscal quarter of the Parent Guarantor, to be greater than the Mortgageability Amount as of such date.
Consolidated Unsecured Indebtedness. The Credit Parties shall not, nor shall they permit any of their Subsidiaries to, directly or indirectly, create, incur, assume or suffer to exist any Consolidated Unsecured Indebtedness, other than Permitted Consolidated Unsecured Indebtedness, until such time as the Borrower has acquired (and for so long as it maintains) a Consolidated Total Asset Value of at least $750,000,000, at which time the amount of Consolidated Unsecured Indebtedness will be limited as set forth in Section 7.02.
Consolidated Unsecured Indebtedness. As of any date of determination, the aggregate principal amount of all Unsecured 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, including without limitation the aggregate principal amount of all the Obligations under this Credit Agreement as of such date determined on a consolidated basis in accordance with GAAP, without regard to Recourse. The calculation of Consolidated Fixed Charges shall be further adjusted as set forth in §10.13 hereof.
Consolidated Unsecured Indebtedness of the Borrower shall include all outstanding principal and accrued and unpaid interest on Indebtedness of the Borrower to the Guarantor and (y) the Consolidated Unsecured Indebtedness of the Guarantor shall include all outstanding principal and accrued and unpaid interest on Indebtedness owed by the Guarantor under the 12 -3/4% senior notes due 2004 and under the 6% subordinated convertible debentures due 2006 issued by the Guarantor.
