Common use of Implied Debt Service Clause in Contracts

Implied Debt Service. As at any date of determination, an amount equal to (a) the average amount of Consolidated Borrowing Base Indebtedness outstanding during the applicable period, multiplied by (b) the Mortgage Constant. Increase. See §2.8.

Appears in 3 contracts

Samples: Secured Term Loan Agreement (First Potomac Realty Trust), Secured Term Loan Agreement (First Potomac Realty Trust), Secured Term Loan Agreement (First Potomac Realty Trust)

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Implied Debt Service. As at of any date of determination, an amount equal to (ai) the average amount of Unsecured Consolidated Borrowing Base Total Indebtedness outstanding during the applicable period, multiplied by (bii) the Mortgage Constant. Increase. See §2.8.

Appears in 1 contract

Samples: Revolving Credit Agreement (First Potomac Realty Trust)

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Implied Debt Service. As at of any date of determination, an amount equal to (ai) the average amount of Unsecured Consolidated Borrowing Base Total Indebtedness outstanding during the applicable period, multiplied by (bii) the Mortgage Constant. Increase. See §2.8.. Increase Conditions. The satisfaction of each of the following:

Appears in 1 contract

Samples: Revolving Credit Agreement (Hartman Commercial Properties Reit)

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