Unencumbered Pool Availability. The Borrower shall not at any time permit the sum of the Outstanding Loans, plus the outstanding principal balance of the Unsecured Debt, to be greater than the Unencumbered Pool Availability.
Unencumbered Pool Availability. The Unencumbered Pool Availability shall be the amount which is the lowest of (a) the maximum principal amount of Loans and Letter of Credit Liabilities, which when added to all Unsecured Debt other than the Loans and Letter of Credit Liabilities, would not cause the Consolidated Total Unsecured Debt to be greater than fifty percent (50.0%) of the Unencumbered Pool Value, (b) the maximum principal amount of Loans and Letter of Credit Liabilities, which when added to all Unsecured Debt other than the Loans and Letter of Credit Liabilities, would not cause the Unencumbered Pool Implied Debt Service Coverage Ratio to be less than 1.50 to 1.00, and (c) the maximum principal amount of Loans and Letter of Credit Liabilities, which when added to all Unsecured Debt other than the Loans and Letter of Credit Liabilities, would not cause the Unencumbered Pool Debt Yield to be less than thirteen and one-half percent (13.5%). Unencumbered Pool Certificate. See §7.4(c).
Unencumbered Pool Availability. On any date of determination, the Unencumbered Pool Availability shall be the amount which is the lesser of (a) the maximum principal amount which, when added to the total outstanding balance of Unsecured Indebtedness (including the Loans and Letter of Credit Liabilities), would not exceed the Unencumbered Pool Asset Value as most recently determined under this Agreement, and (b) the maximum principal amount which when added to the total outstanding balance of Unsecured Indebtedness (including the Loans and Letter of Credit Liabilities) would not cause the Unencumbered Debt Service Coverage Ratio to be less than 1.5 to 1.0. Unencumbered Pool Certificate. See §7.4(c).
Unencumbered Pool Availability. The Borrower shall not at any time permit the Unsecured Indebtedness (including the sum of the outstanding principal balance of the Revolving Credit Loans, Term Loans, Swing Loans and the Letter of Credit Liabilities) to be greater than the Unencumbered Pool Availability; provided, however, that upon a violation of this §9.1 by the Borrower, no Event of Default shall exist hereunder in the event the Borrower cures such Default within five (5) Business Days of the occurrence of such event.
Unencumbered Pool Availability. The Unencumbered Pool Availability shall be the amount which is the lowest of (a) the maximum principal amount of Loans, which when added to all Unsecured Debt other than the Loans, would not cause the Consolidated Total Unsecured Debt to be greater than fifty percent (50.0%) of the Unencumbered Pool Value, (b) the maximum principal amount of Loans, which when added to all Unsecured Debt other than the Loans, would not cause the Unencumbered Pool Implied Debt Service Coverage Ratio to be less than 1.50 to 1.00, and (c) the maximum principal amount of Loans, which when added to all Unsecured Debt other than the Loans, would not cause the Unencumbered Pool Debt Yield to be less than thirteen and one-half percent (13.5%).
Unencumbered Pool Availability. (a) At all times when the aggregate Unencumbered Pool Value attributable to the Unencumbered Pool Properties shall be equal to or greater than the Target Pool Size, the Unencumbered Pool Availability shall be equal to fifty percent (50.0%) of such aggregate Unencumbered Pool Value;
