Maintenance of Total Unencumbered Assets. The Company will not have at any time Total Unencumbered Assets of less than 150% of the aggregate principal amount of all of its and its Subsidiaries’ outstanding Unsecured Debt determined on a consolidated basis in accordance with GAAP.
Appears in 16 contracts
Samples: Fourth Supplemental Indenture (Extra Space Storage Inc.), Extra Space Storage Inc., Extra Space Storage Inc.
Maintenance of Total Unencumbered Assets. The Company and its Subsidiaries will not have at any time all times maintain Total Unencumbered Assets of not less than 150% of the aggregate outstanding principal amount of all the Unsecured Debt of its the Company and its Subsidiaries’ outstanding Unsecured Debt determined Subsidiaries on a consolidated basis in accordance with GAAPgenerally accepted accounting principles.
Appears in 10 contracts
Samples: Indenture (Office Properties Income Trust), Supplemental Indenture (Office Properties Income Trust), Indenture (Diversified Healthcare Trust)
Maintenance of Total Unencumbered Assets. The Company will not have at any time all times Total Unencumbered Assets of not less than 150% of the aggregate principal amount of all of its and its Subsidiaries’ outstanding Unsecured Debt and the outstanding Unsecured Debt of the Company’s Subsidiaries, determined on a consolidated basis in accordance with GAAP. The calculation of the ratios set forth in this Section 3.01 shall be undertaken by the Company.
Appears in 8 contracts
Samples: Supplemental Indenture (Host Hotels & Resorts L.P.), Supplemental Indenture (Host Hotels & Resorts L.P.), Supplemental Indenture (Host Hotels & Resorts L.P.)
Maintenance of Total Unencumbered Assets. The Company will not have permit at any time its Total Unencumbered Assets of to be less than 150% of the aggregate principal amount of all of its and its Subsidiaries’ outstanding Total Unsecured Debt determined on a consolidated basis in accordance with GAAPDebt.
Appears in 5 contracts
Samples: Fourth Supplemental Indenture (Sun Communities Inc), Indenture (Sun Communities Inc), Supplemental Indenture (Sun Communities Inc)
Maintenance of Total Unencumbered Assets. The Company will not have at any time Total Unencumbered Assets of less than 150% of the aggregate principal amount of all of its the Company’s and its Subsidiaries’ outstanding Unsecured Debt determined on a consolidated basis in accordance with GAAP.
Appears in 1 contract
Samples: First Supplemental Indenture (Retail Properties of America, Inc.)
Maintenance of Total Unencumbered Assets. The Company will not have at any time all times Total Unencumbered Assets of not less than 150% of the aggregate principal amount of all of its and its Subsidiaries’ outstanding Unsecured Debt Indebtedness and the outstanding Unsecured Indebtedness of the Company’s Subsidiaries, determined on a consolidated basis in accordance with GAAP. The calculation of the ratios set forth in this Section 5.01 shall be undertaken by the Company.
Appears in 1 contract
