Minimum Unsecured Debt Ratio. The Obligors will, and will cause its Subsidiaries to, have at all times Total Unencumbered Assets of not less than 150% of the aggregate principal amount of all outstanding Unsecured Indebtedness of the Obligors and their Subsidiaries, determined on a consolidated basis in accordance with generally accepted accounting principles.
Appears in 4 contracts
Samples: Note Purchase Agreement (Essex Property Trust Inc), Note Purchase Agreement (Mid America Apartment Communities Inc), Note Purchase Agreement (Essex Property Trust Inc)
Minimum Unsecured Debt Ratio. The Obligors will, and will cause its Subsidiaries to, have at all times Total Unencumbered Assets of not less than 150% of the aggregate principal amount of all outstanding Unsecured Indebtedness of the Obligors and their Subsidiaries, determined on a consolidated basis in accordance with generally accepted accounting principles.. Mid-America Apartments, L.P. Note Purchase Agreement
Appears in 1 contract
Samples: Note Purchase Agreement (Mid America Apartment Communities Inc)
