Common use of Unsecured Indebtedness to Unencumbered Asset Value Clause in Contracts

Unsecured Indebtedness to Unencumbered Asset Value. The Parent and the Borrower shall not permit the ratio of (i) Unsecured Indebtedness to (ii) Unencumbered Asset Value to be greater than 0.55 to 1.00 at any time during such period of determination (after giving effect to the Collateral Release Event).

Appears in 3 contracts

Samples: Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc)

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Unsecured Indebtedness to Unencumbered Asset Value. The From and after the Collateral Release Event, the Parent and the Borrower shall not permit the ratio of (i) Unsecured Indebtedness to (ii) Unencumbered Asset Value to be greater than 0.55 0.60 to 1.00 at any time during such period of determination (after giving effect to the Collateral Release Event)time.

Appears in 3 contracts

Samples: Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc)

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