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.
Appears in 2 contracts
Samples: Credit Agreement (Sovran Self Storage Inc), Revolving Credit and Term Loan Agreement (Sovran Self Storage Inc)
Unhedged Variable Rate Debt. As at the end of any two consecutive fiscal quarters and any other date of measurementquarter, the Borrowers shall not permit the value of Unhedged Variable Rate Debt to exceed 3020% of Gross Asset ValueValue for any two (2) consecutive fiscal quarters.
Appears in 2 contracts
Samples: Credit Agreement (Sovran Acquisition LTD Partnership), Credit Agreement (Sovran Self Storage Inc)
Unhedged Variable Rate Debt. As at the end of any two consecutive fiscal quarters and any other date of measurement, the Borrowers Obligors shall not permit the value of Unhedged Variable Rate Debt to exceed 30% of Gross Asset Value.
Appears in 2 contracts
Samples: Note Purchase Agreement (Sovran Self Storage Inc), Note Purchase Agreement (Sovran Self Storage Inc)
Unhedged Variable Rate Debt. As at Commencing with the end of any two consecutive fiscal quarters calendar quarter ending March 31, 2008 and any other date of measurementcontinuing thereafter, the Borrowers shall not permit the value of Unhedged Variable Rate Debt of Borrowers and their respective Subsidiaries to exceed 30% thirty-five percent (35%) of Gross Asset Value.
Appears in 1 contract
Unhedged Variable Rate Debt. As at the end of any two (2) consecutive fiscal quarters and any other date of measurementquarters, the Borrowers shall not permit the value of Unhedged Variable Rate Debt Indebtedness to exceed 3020% of Gross Asset ValueConsolidated Capitalized NOI.
Appears in 1 contract
Samples: Revolving Credit Agreement (Cali Realty Corp /New/)
