Common use of Unconsolidated Joint Ventures Clause in Contracts

Unconsolidated Joint Ventures. Gross Asset Value attributable to the Borrower's pro-rata share of the Eligible Real Estate Value of Eligible Real Estate Assets owned by Subsidiaries that are not wholly owned by the Borrower and Unconsolidated Joint Ventures as of such fiscal quarter end of the Borrower is $____________ and total Gross Asset Value is $_____________. Accordingly, Gross Asset Value attributable to the Borrower's pro-rata share of the Eligible Real Estate Value of Eligible Real Estate Assets owned by Subsidiaries that are not wholly owned by the Borrower and Unconsolidated Joint Ventures as of such fiscal quarter end of the Borrower is [more than] [less than] 15% of total Gross Asset Value. [Gross Asset Value attributable to the Borrower's pro-rata share of the Eligible Real Estate Value of Eligible Real Estate Assets owned by Subsidiaries that are not wholly owned by the Borrower and Unconsolidated Joint Ventures as of such fiscal quarter end of the Borrower must not be more than 15% of total Gross Asset Value.]

Unconsolidated Joint Ventures. Gross Asset Value attributable to the Borrower's ’s pro-rata share of the Eligible Real Estate Value of Eligible Real Estate Assets owned by Subsidiaries that are not wholly owned by the Borrower and Unconsolidated Joint Ventures as of such fiscal quarter end of the Borrower is $____________ and total Gross Asset Value is $_____________. Accordingly, Gross Asset Value attributable to the Borrower's ’s pro-rata share of the Eligible Real Estate Value of Eligible Real Estate Assets owned by Subsidiaries that are not wholly owned by the Borrower and Unconsolidated Joint Ventures as of such fiscal quarter end of the Borrower is [more than] [less than] 15% of total Gross Asset Value. [Gross Asset Value attributable to the Borrower's ’s pro-rata share of the Eligible Real Estate Value of Eligible Real Estate Assets owned by Subsidiaries that are not wholly owned by the Borrower and Unconsolidated Joint Ventures as of such fiscal quarter end of the Borrower must not be more than 15% of total Gross Asset Value.]

Unconsolidated Joint Ventures. Gross Asset Value attributable to the Borrower's ’s pro-rata share of the Eligible Real Estate Value of Eligible Real Estate Assets owned by Subsidiaries that are not wholly owned by the Borrower and Unconsolidated Joint Ventures as of such fiscal quarter end of the Borrower is $____________ and total Gross Asset Value is $_____________. Accordingly, Gross Asset Value attributable to the Borrower's ’s pro-rata share of the Eligible Real Estate Value of Eligible Real Estate Assets owned by Subsidiaries that are not wholly owned by the Borrower and Unconsolidated Joint Ventures as of such fiscal quarter end of the Borrower is [more than] [less than] 1525% of total Gross Asset Value. [Gross Asset Value attributable to the Borrower's ’s pro-rata share of the Eligible Real Estate Value of Eligible Real Estate Assets owned by Subsidiaries that are not wholly owned by the Borrower and Unconsolidated Joint Ventures as of such fiscal quarter end of the Borrower must not be more than 1525% of total Gross Asset Value.]