Pool Availability. (a) At all times prior to the Release of Security Date, the Pool Availability shall be the amount which is the lowest of (i) the maximum principal amount of Loans and Letter of Credit Liabilities that would not exceed fifty-five percent (55.0%) of the Pool Value, and (ii) the maximum principal amount of Loans and Letter of Credit Liabilities that would not cause the Implied Debt Service Coverage Ratio to be less than 1.45 to 1.00; and
Appears in 2 contracts
Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
Pool Availability. (a) At all times prior to the Release of Security Date, the Pool Availability shall be the amount which is the lowest of (i) the maximum principal amount of Loans and Letter of Credit Liabilities that would not exceed fifty-five sixty percent (55.060.0%) of the Pool Value, and (ii) the maximum principal amount of Loans and Letter of Credit Liabilities that would not cause the Implied Debt Service Coverage Ratio to be less than 1.45 to 1.00; and.
Appears in 1 contract
Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
Pool Availability. (a) At all times prior to the Release of Security Date, the Pool Availability shall be the amount which is the lowest of (i) the maximum principal amount of Loans and Letter of Credit Liabilities that would not exceed fifty-five sixty percent (55.060.0%) of the Pool Value, and (ii) the maximum principal amount of Loans and Letter of Credit Liabilities that would not cause the Implied Debt Service Coverage Ratio to be less than 1.45 to 1.00; and
Appears in 1 contract
Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
