Unsecured Debt Ratio. As of each of (x) the last day of each calendar quarter, and (y) any Borrowing, the Unsecured Debt Ratio shall not be less than 1.67:1.0.
Unsecured Debt Ratio. As of each of (x) the last day of each calendar quarter, and (y) any Borrowing, the Unsecured Debt Ratio shall not be less than 1.67:1.0; provided, however, with respect to any period in which the Borrower or any of its Consolidated Subsidiaries have acquired a Real Property Asset (or multiple Real Property Assets in a single transaction) for a price of more than $200,000,000, the Unsecured Debt Ratio for such quarter and the next succeeding three (3) quarters may decrease to 1.55:1.00, provided such ratio is not less than 1.67:1.00 thereafter.
Unsecured Debt Ratio. The Unsecured Debt Ratio shall at all times be greater than or equal to 1.75 to 1.0.
Unsecured Debt Ratio. The Unsecured Debt Ratio, as of the end of each fiscal quarter of the Credit Parties, shall be greater than or equal to the following ratios for the following periods:
Unsecured Debt Ratio. The Unsecured Debt Ratio shall at all times be less than or equal to .50 to 1.0.
Unsecured Debt Ratio. The Borrower shall not permit, as of any Test Date (both before and on a pro forma basis after giving effect to any applicable Test Event), the ratio of (i) Unsecured Debt of the Borrower and its Subsidiaries to (ii) Unencumbered Asset Value to be greater than 50%.
Unsecured Debt Ratio. 5 Unsecured Debt of the Borrower and its Subsidiaries $ __________ (1) Unencumbered Asset Value $ __________ (2) Ratio of (1) to (2) ___________% Permitted Maximum 50%
Unsecured Debt Ratio. The Company shall not at any time permit the Unsecured Debt Ratio to be less than 1.67:1.0; provided, however, with respect to any period in which the Company or any of its Consolidated Subsidiaries have acquired a Real Property Asset (or multiple Real Property Assets in a single transaction) for a price of more than $200,000,000 the Unsecured Debt Ratio for such quarter and the next succeeding three (3) quarters may decrease to 1.55:1.00, provided such ratio is not less than 1.67:1.00 thereafter. XXXXXX REALTY, L.P. NOTE PURCHASE AGREEMENT
Unsecured Debt Ratio. As of the last day of each calendar quarter, the Unsecured Debt Ratio will not be less than (A) 0.87:1 commencing as of October 1, 1998 through Xxxxx 00, 0000, (X) 0.90:1 from April 1, 1999 through June 30, 1999, (C) 0.95:1 from July 1, 1999 through September 30, 1999, and (D) 1.0:1 thereafter.
Unsecured Debt Ratio. The definition of "Unsecured Debt Ratio" is hereby amended by adding the following: "For purposes of this definition, 'Unse cured Debt of the Borrower, MOC and their Consolidated Subsidiaries' shall be deemed to include the Obligations, as well as all other Debt that is secured by the Pledges."
