Unsecured Debt to Unencumbered Asset Value Ratio. Permit the ratio of (i) Unsecured Debt to (ii) Unencumbered Asset Value, as of the end of any fiscal quarter of the Consolidated Group (and any other date for which a pro forma Compliance Certificate is required to be delivered pursuant to the terms hereof) to be greater than sixty percent (60%).
Unsecured Debt to Unencumbered Asset Value Ratio. Permit the ratio of (A) Unsecured Debt to (B) Unencumbered Asset Value, as of the end of any fiscal quarter of the Consolidated Group (and any other date for which a pro forma Compliance Certificate is required to be delivered pursuant to the terms hereof) to be greater than (1) sixty‑five percent (65%) until 12 months after the date of the Unsecured Conversion and (2) sixty percent (60%) thereafter;
Unsecured Debt to Unencumbered Asset Value Ratio. Permit the ratio of (i) Unsecured Debt to (ii) Unencumbered Asset Value, as of the end of any fiscal quarter of the Combined Companies (and any other date for which a pro forma Compliance Certificate is required to be delivered pursuant to the terms hereof) to be greater than sixty percent (60%); provided, however, that for any one (1) period (but only one (1) period during the term of this Agreement) of up to two (2) consecutive fiscal quarters immediately following a Material Acquisition of which written notice has been provided to Administrative Agent, the ratio of Unsecured Debt to Unencumbered Asset Value may exceed 60% but may not exceed 65%.
Unsecured Debt to Unencumbered Asset Value Ratio. Permit the ratio of (i) Unsecured Debt to (ii) Unencumbered Asset Value, as of the end of any fiscal quarter of the Consolidated Group (and any other date for which a pro forma Compliance Certificate is required to be delivered pursuant to the terms hereof) to be greater than (i) from the Closing Date to (and including) the first anniversary of the Closing Date, sixty-five percent (65%) and (ii) at any time after the first anniversary of the Closing Date, sixty percent (60%).
Unsecured Debt to Unencumbered Asset Value Ratio. Permit the ratio of (i) Unsecured Debt to (ii) Unencumbered Asset Value, as of the end of any fiscal quarter of the Combined Companies (and any other date for which a pro forma Compliance Certificate is required to be delivered pursuant to the terms hereof) to be greater than sixty percent (60%); provided, however, that if the Leverage Ratio as of the end of such fiscal quarter equals or exceeds 3.00 to 1.00, the ratio of Unsecured Debt to Unencumbered Asset Value may not exceed 50%.
Unsecured Debt to Unencumbered Asset Value Ratio. Permit the ratio of (i) Unsecured Debt to (ii) Unencumbered Asset Value, as of the end of any fiscal quarter of the Consolidated Group (and any other date for which a pro forma Compliance Certificate is required to be delivered pursuant to the terms hereof) to be greater than (i) sixty‑five percent (65%) until June 30, 2015; (ii) sixty-two and one half percent (62 1/2%) from and after June 30, 2015 and prior to December 31, 2015; and (iii) sixty percent (60%) from and after December 31, 2015.
