Unencumbered Leverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered Asset Value to (ii) Unsecured Indebtedness, to be less than 1.670 to 1.00 at any time.
Appears in 6 contracts
Samples: Term Loan Agreement (Hospitality Properties Trust), Term Loan Agreement (Government Properties Income Trust), Credit Agreement (Hospitality Properties Trust)
Unencumbered Leverage Ratio. The Borrower shall not permit the ratio of (i) Unsecured Indebtedness to (ii) Unencumbered Asset Value to (ii) Unsecured Indebtedness, to be less than 1.670 exceed 0.60 to 1.00 at any time.
Appears in 3 contracts
Samples: Term Loan Agreement (Select Income REIT), Credit Agreement (Select Income REIT), Closing Agreement (Select Income REIT)
Unencumbered Leverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered Asset Value to (ii) Unsecured Indebtedness, to be less than 1.670 to 1.00 at any time.; provided, however, that if such ratio is less than 1.670 to 1.00 but is not less than 1.540 to 1.00, then the Borrower shall be deemed to be in compliance with this subsection (d) so long as (i) the Borrower completed
Appears in 1 contract
Unencumbered Leverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered Asset Value Unsecured Indebtedness to (ii) Unsecured IndebtednessUnencumbered Asset Value, to be less greater than 1.670 0.60 to 1.00 at any time.
Appears in 1 contract
Unencumbered Leverage Ratio. The Borrower shall not permit the ratio of (i) Unsecured Indebtedness to (ii) Unencumbered Asset Value to (ii) Unsecured Indebtedness, to be less than 1.670 exceed 0.65 to 1.00 at any time.
Appears in 1 contract
Samples: Term Loan Agreement (Government Properties Income Trust)
