Liabilities to Assets Ratio. Permit, at any time, the portion of the Consolidated Total Indebtedness consisting of Consolidated unsecured Indebtedness of the Borrower and its Subsidiaries at such time to be more than 50% of Unencumbered Asset Value at such time.
Appears in 5 contracts
Samples: Credit Agreement (New Plan Excel Realty Trust Inc), Term Loan Agreement (New Plan Excel Realty Trust Inc), Term Loan Agreement (New Plan Excel Realty Trust Inc)
Liabilities to Assets Ratio. Permit, at any time, the portion of the Consolidated Total Indebtedness consisting of Consolidated unsecured Indebtedness of the Borrower and its Subsidiaries at such time to be more than (i) prior to a Capital Event, 55% of Unencumbered Asset Value at such time, and (ii) after a Capital Event, 50% of Unencumbered Asset Value at such time.
Appears in 3 contracts
Samples: Term Loan Agreement (New Plan Excel Realty Trust Inc), Credit Agreement (New Plan Excel Realty Trust Inc), Credit Agreement (New Plan Excel Realty Trust Inc)
