Common use of Maintenance of Total Unencumbered Assets Clause in Contracts

Maintenance of Total Unencumbered Assets. The Parent Guarantor will maintain Total Unencumbered Assets of not less than 120% of the aggregate outstanding principal amount of the Unsecured Indebtedness of the Parent Guarantor and its Subsidiaries, in each case determined on a consolidated basis in accordance with GAAP.

Appears in 5 contracts

Samples: Indenture (Hannon Armstrong Sustainable Infrastructure Capital, Inc.), Indenture (Hannon Armstrong Sustainable Infrastructure Capital, Inc.), Indenture (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)

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Maintenance of Total Unencumbered Assets. The Parent Guarantor and its Subsidiaries will maintain not have at any time Total Unencumbered Assets of not less than 120150% of the aggregate outstanding principal amount of the Unsecured Indebtedness all of the Parent Guarantor Guarantor’s and its Subsidiaries, in each case ’ outstanding Unsecured Debt determined on a consolidated basis in accordance with GAAP.

Appears in 3 contracts

Samples: Third Supplemental Indenture (Phillips Edison & Company, Inc.), Second Supplemental Indenture (Phillips Edison & Company, Inc.), First Supplemental Indenture (Phillips Edison Grocery Center Operating Partnership I, L.P.)

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Maintenance of Total Unencumbered Assets. The Parent Guarantor will maintain and its Subsidiaries shall not have at any time Total Unencumbered Assets of not less than 120150% of the aggregate outstanding principal amount of the Unsecured Indebtedness all of the Parent Guarantor Guarantor’s and its Subsidiaries, in each case ’ outstanding Unsecured Debt determined on a consolidated basis in accordance with GAAP.

Appears in 1 contract

Samples: First Supplemental Indenture (Cousins Properties Inc)

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