Common use of Unencumbered Asset Pool Value Clause in Contracts

Unencumbered Asset Pool Value. Unsecured Indebtedness as of such fiscal quarter end of the Borrower is $_______________ and the Eligible Real Estate Asset Value of all Unencumbered Assets in the Unencumbered Asset Pool at such time is $_________________. Accordingly, as at such fiscal quarter end of the Borrower, Unsecured Indebtedness is [more than] [less than] 50% of the Eligible Real Estate Asset Value of all Unencumbered Assets in the Unencumbered Asset Pool at such time. [Unsecured Indebtedness at each fiscal quarter end of the Borrower must not be more than 50% of Eligible Real Estate Asset Value of all Unencumbered Assets in the Unencumbered Asset Pool.]

Unencumbered Asset Pool Value. Unsecured Indebtedness as of such fiscal quarter end of the Borrower is $_______________ and the Eligible Real Estate Asset Value of all Unencumbered Assets in the Unencumbered Asset Pool at such time is $_________________. Accordingly, as at such fiscal quarter end of the Borrower, Unsecured Indebtedness is [more than] [less than] 5060% of the Eligible Real Estate Asset Value of all Unencumbered Assets in the Unencumbered Asset Pool at such time. [Unsecured Indebtedness at each fiscal quarter end of the Borrower must not be more than 5060% of Eligible Real Estate Asset Value of all Unencumbered Assets in the Unencumbered Asset Pool.]