Maximum Unencumbered Leverage Ratio. The Parent Guarantor and the Borrower shall not permit the ratio of Unsecured Indebtedness of the Parent Guarantor and its Subsidiaries on a consolidated basis to exceed 60% of Unencumbered Asset Value.
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Samples: Term Loan Agreement (RLJ Lodging Trust), Term Loan Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)
Maximum Unencumbered Leverage Ratio. The Parent Guarantor and the Borrower shall not permit the ratio of (i) (x) Unsecured Indebtedness of the Parent Guarantor and its Subsidiaries on a consolidated basis minus (y) Unrestricted Cash and Cash Equivalents of the Parent Guarantor and its Subsidiaries in excess of $25,000,000, to (ii) Unencumbered Asset Value to exceed 60% of Unencumbered Asset Value%.
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Samples: Credit Agreement (RLJ Lodging Trust)
Maximum Unencumbered Leverage Ratio. The Parent Guarantor and the Borrower shall not permit the ratio of (i)(x) Unsecured Indebtedness of the Parent Guarantor and its Subsidiaries on a consolidated basis minus (y) Unrestricted Cash and Cash Equivalents of the Parent Guarantor and its Subsidiaries in excess of $25,000,000, to (ii) Unencumbered Asset Value to exceed 60% of Unencumbered Asset Value%.
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Maximum Unencumbered Leverage Ratio. The Parent Guarantor and the Borrower shall will not permit the ratio of (1) Unsecured Indebtedness of the Parent Guarantor and its Subsidiaries determined on a consolidated basis to exceed 60% of (2) Unencumbered Asset ValueValue to exceed 0.60 to 1.00 at any time.
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Samples: Note and Guarantee Agreement (Sunstone Hotel Investors, Inc.)
Maximum Unencumbered Leverage Ratio. The Parent Guarantor and the Borrower shall not permit the ratio of Unsecured Indebtedness of the Parent Guarantor and its Subsidiaries on a consolidated basis to exceed 6055% of Unencumbered Asset Value.
Appears in 1 contract
Samples: Credit Agreement (RLJ Lodging Trust)
Maximum Unencumbered Leverage Ratio. The Parent Guarantor and the Borrower shall not permit the ratio of (i)(x) Unsecured Indebtedness of the Parent Guarantor and its Subsidiaries on a consolidated basis minus (y) Unrestricted Cash and Cash Equivalents of the Parent Guarantor and its Subsidiaries in excess of $25,000,000, to (ii) Unencumbered Asset Value to exceed 60% of Unencumbered Asset Value.
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