Common use of Unencumbered Asset Ratio Clause in Contracts

Unencumbered Asset Ratio. Permits the Unencumbered Asset Ratio as of the Original Closing Date and the end of any fiscal quarter of the Borrower (beginning with the fiscal quarter ending December 31, 2012) to be less than 1.25 to 1.00.

Unencumbered Asset Ratio. Permits the Unencumbered Asset Ratio as of the Original Closing Date and the end of any fiscal quarter Fiscal Quarter of the Borrower (beginning with the fiscal quarter Fiscal Quarter ending December May 31, 20122021) to be less than 1.25 to 1.00.