Common use of Unhedged Variable Rate Debt Clause in Contracts

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. The Borrower shall not at any time permit the Unhedged Variable Rate Debt of Loan Parties Borrower and their respective its Subsidiaries shall not to exceed thirty percent (30%) of Gross Asset Value; provided that, at any such time as that from and after the date that Agent first receives notice from REIT or Borrower that Borrower has received obtained an Investment Grade Rating, the foregoing covenant in this §9.5 shall no longer be of no further any force and effect and Borrower shall not be required to comply therewithor effect.