Maintenance of Total Unencumbered Assets. The Issuer and its Restricted Subsidiaries shall, at all times, including for the avoidance of doubt during any Suspension Period, maintain Total Unencumbered Assets as of the end of each Fiscal Quarter of not less than 150.0% of the aggregate outstanding principal amount of the Issuer’s and its Restricted Subsidiaries’ Unsecured Debt as of the end of each Fiscal Quarter, all calculated on a consolidated basis in accordance with GAAP.
Appears in 5 contracts
Samples: Indenture (Xenia Hotels & Resorts, Inc.), Indenture (RLJ Lodging Trust), Indenture (RLJ Lodging Trust)
Maintenance of Total Unencumbered Assets. The Issuer Issuers and its their Restricted Subsidiaries shall, at all times, including for the avoidance of doubt during any Suspension Period, shall maintain Total Unencumbered Assets as of the end of each Fiscal Quarter fiscal quarter of not less than 150.0150% of the aggregate outstanding principal amount of the Issuer’s Unsecured Indebtedness of the Issuers and its their Restricted Subsidiaries’ Unsecured Debt Subsidiaries on a consolidated basis as of the end of each Fiscal Quarter, all calculated on a consolidated basis in accordance with GAAPfiscal quarter.
Appears in 2 contracts
Samples: Third Supplemental Indenture (Sabra Health Care REIT, Inc.), First Supplemental Indenture (Sabra Health Care REIT, Inc.)
