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;
Appears in 2 contracts
Samples: Credit Agreement (Cole Credit Property Trust V, Inc.), Credit Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)
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 First Anniversary Date, and (2) sixty percent (60%) thereafter;
Appears in 1 contract
Samples: Credit Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.)
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 sixty-five percent (65%) until 12 months after the date of the Unsecured Conversion and (2) sixty percent (60%) thereafter;
Appears in 1 contract
Samples: Credit Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)
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 sixty-five percent (65%) until 12 months after the date of the Unsecured Conversion Second Anniversary Date, and (2) sixty percent (60%) thereafter;
Appears in 1 contract
Samples: Third Modification Agreement (Cole Credit Property Trust V, Inc.)
Unsecured Debt to Unencumbered Asset Value Ratio. Permit the ratio of (Ai) Unsecured Debt to (Bii) 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 (1A) sixty‑five sixty-five percent (65%) until 12 months after the date of the Unsecured Conversion prior to August 15, 2014, and (2B) sixty percent (60%) thereafter;), from and after August 15, 2014.
Appears in 1 contract
Samples: Credit Agreement (Cole Credit Property Trust Iv, Inc.)
