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: Thirteenth Supplemental Indenture (Extra Space Storage Inc.), Twelfth Supplemental Indenture (Extra Space Storage Inc.), Eleventh Supplemental Indenture (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 12 contracts
Samples: Senior Secured Notes Agreement (Office Properties Income Trust), Exchange Agreement (Office Properties Income Trust), Senior Secured Notes Agreement (Office Properties Income 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: Ninth Supplemental Indenture (Host Hotels & Resorts L.P.), Eighth Supplemental Indenture (Host Hotels & Resorts L.P.), Seventh Supplemental Indenture (Host Hotels & Resorts L.P.)
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
Samples: Forty Fourth Supplemental Indenture (Host Hotels & Resorts, 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.)
