Unencumbered Liquid Assets. Unless and until a Repayment Guaranty Termination Event shall occur, Guarantor shall maintain Unencumbered Liquid Assets having an aggregate market value of not less than Five Million Dollars ($5,000,000). This covenant will be calculated as of June 30 and December 31 of each year commencing on December 31, 2014 using the results from Guarantor’s Financial Statements delivered to Lender for the fiscal period ending as of such date. For purposes of this section:
Appears in 2 contracts
Samples: Loan Agreement (KBS Real Estate Investment Trust III, Inc.), Loan Agreement (KBS Real Estate Investment Trust III, Inc.)
Unencumbered Liquid Assets. Unless and until a Repayment Guaranty Termination Event shall occur, Guarantor shall maintain Unencumbered Liquid Assets having an aggregate market value of not less than Five Million Dollars ($5,000,000). This covenant will be calculated as of June 30 and December 31 of each year commencing on December 31June 30, 2014 2013 using the results from Guarantor’s Financial Statements delivered to Lender for the fiscal period ending as of such date. For purposes of this section:
Appears in 2 contracts
Samples: Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.)
