Unhedged Variable Rate Debt. Any Indebtedness with respect to which the interest is not fixed (or hedged to a fixed rate) for the entire term of such Indebtedness to maturity.
Unhedged Variable Rate Debt. Unhedged Variable Rate Debt of Borrowers and their respective Subsidiaries shall not exceed thirty percent (30%) of Gross Asset Value.
Unhedged Variable Rate Debt. The Borrower will not at any time permit the Unhedged Variable Rate Debt of REIT and its Subsidiaries to exceed twenty percent (20%) of Consolidated Total Asset Value.
Unhedged Variable Rate Debt. As at the end of any two consecutive fiscal quarters and any other date of measurement, the Borrowers shall not permit the value of Unhedged Variable Rate Debt to exceed 30% of Gross Asset Value.
Unhedged Variable Rate Debt. Unhedged Variable Rate Debt of Loan Parties and their respective Subsidiaries shall not exceed thirty percent (30%) of Gross Asset Value; provided that, at any such time as Borrower has received an Investment Grade Rating, the foregoing covenant shall be of no further force and effect and Borrower shall not be required to comply therewith.
Unhedged Variable Rate Debt. Indebtedness that by its terms bears interest at a variable, not fixed, rate for which a swap, cap or similar arrangement effectively limiting the variability of such rate has not been entered into.
Unhedged Variable Rate Debt. Parent Company shall not at any time permit the Unhedged Variable Rate Debt of Parent Company and its Subsidiaries to exceed thirty percent (30%) of Gross Asset Value.
Unhedged Variable Rate Debt. All Indebtedness of the Borrowers and their respective Subsidiaries for borrowed money or in respect of reimbursement obligations for letters of credit, guaranty obligations or Capitalized Leases, whether direct or contingent, including, to the extent applicable, the Obligations, which bears interest at one or more variable rates and is not subject to a Hedge Agreement or other interest rate hedging arrangement having a minimum term of one (1) year and having other terms reasonably acceptable to the Administrative Agent.
Unhedged Variable Rate Debt. The Borrower shall not at any time permit Unhedged Variable Rate Debt of the Parent and its Subsidiaries on a Consolidated basis (other than the Obligations) to exceed thirty percent (30%) of Total Asset Value.
Unhedged Variable Rate Debt. The Borrower will not at any time when the aggregate Outstanding Loans and Outstanding Letter of Credit Liabilities equals or exceeds $50,000,000.00 permit the Unhedged Variable Rate Debt of the REIT and its Subsidiaries on a Consolidated basis to exceed twenty-five percent (25%) of Consolidated Total Indebtedness. For the purposes of this §9.5, Senior Participations of Borrower described on Schedule 8.1 hereto shall not constitute Unhedged Variable Rate Debt.
