Unencumbered Asset Pool Financial Covenants Sample Clauses

Unencumbered Asset Pool Financial Covenants. (i) Maximum Unsecured Leverage Ratio. Maintain as of the last day of each fiscal quarter of the Parent Guarantor, commencing with the fiscal quarter ended March 31, 2024, a ratio of Consolidated Unsecured Indebtedness of the Parent Guarantor to Unencumbered Asset Value of less than or equal to 60%. (ii)
Sample 1
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Unencumbered Asset Pool Financial Covenants 
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Related to Unencumbered Asset Pool Financial Covenants

  • Financial Covenants Section 4.01. (a) The Borrower shall maintain or cause to be maintained records and accounts adequate to reflect in accordance with sound accounting practices the operations, resources and expenditures in respect of the Project of the departments or agencies of the Borrower responsible for carrying out the Project or any part thereof.

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