Limitations on Incurrence of Debt. (i) The Company will not, and will not permit any Subsidiary to, incur any Debt if, immediately after giving effect to the incurrence of such additional Debt and the application of the proceeds therefrom, the aggregate principal amount of all outstanding Debt of the Company and its Subsidiaries on a consolidated basis determined in accordance with generally accepted accounting principles is greater than 60% of the sum of (without duplication):
Appears in 5 contracts
Samples: Fourth Supplemental Indenture (Diversified Healthcare Trust), Fifth Supplemental Indenture (Hospitality Properties Trust), Second Supplemental Indenture (Senior Housing Properties Trust)
Limitations on Incurrence of Debt. (i) The Company will not, and will not permit any Subsidiary to, incur any additional Debt if, immediately after giving effect to the incurrence of such additional Debt and the application of the proceeds therefrom, the aggregate principal amount of all outstanding Debt of the Company and its Subsidiaries on a consolidated basis determined in accordance with generally accepted accounting principles GAAP is greater than 60% of the sum of (without duplication):
Appears in 4 contracts
Samples: Fifth Supplemental Indenture (Office Properties Income Trust), Fourth Supplemental Indenture (Office Properties Income Trust), Third Supplemental Indenture (Office Properties Income Trust)
Limitations on Incurrence of Debt. (ia) The Company will not, and will not permit any Subsidiary to, incur any Debt if, immediately after giving effect to the incurrence of such additional Debt and the application of the proceeds therefromthereof, the aggregate principal amount of all outstanding Debt of the Company and its Subsidiaries on a consolidated basis determined in accordance with generally accepted accounting principles GAAP is greater than 60% of the sum of (without duplication):Adjusted Total Assets.
Appears in 3 contracts
Samples: Supplemental Indenture (Omega Healthcare Investors Inc), Omega Healthcare Investors Inc, Omega Healthcare Investors Inc
Limitations on Incurrence of Debt. (i) The Company will not, and will not permit any Subsidiary to, incur any Debt if, immediately after giving effect to the incurrence of such additional Debt and the application of the proceeds therefromthereof, the aggregate principal amount of all outstanding Debt of the Company and its Subsidiaries on a consolidated basis determined in accordance with generally accepted accounting principles GAAP is greater than 60% of the sum (“Adjusted Total Assets”) of (without duplication):without
Appears in 3 contracts
Samples: Supplemental Indenture (CommonWealth REIT), Supplemental Indenture (CommonWealth REIT), Supplemental Indenture (HRPT Properties Trust)
Limitations on Incurrence of Debt. (i) The i)The Company will not, and will not permit any Subsidiary to, incur any Debt if, immediately after giving effect to the incurrence of such additional Debt and the application of the proceeds therefrom, the aggregate principal amount of all outstanding Debt of the Company and its Subsidiaries on a consolidated basis determined in accordance with generally accepted accounting principles is greater than 60% of the sum of (without duplication):
Appears in 1 contract
Samples: Fourth Supplemental Indenture (Diversified Healthcare Trust)
