Common use of Variable Interest Indebtedness Clause in Contracts

Variable Interest Indebtedness. The Borrower shall not at any time permit the outstanding principal balance of Indebtedness of the Borrower and its Subsidiaries or Qualifying Investment Affiliates which bears interest at an interest rate that is not fixed through the maturity date of such Indebtedness ("Variable Rate Debt") to exceed $150,000,000, unless the amount in excess of $150,000,000 is covered by interest rate caps or other interest rate protection products reasonably satisfactory to the Required Lenders. Notwithstanding the foregoing, Borrower shall be entitled to exclude up to $75,000,000 of tax exempt bonds from the calculation of Variable Rate Debt.

Variable Interest Indebtedness. The Borrower shall not at any time permit the outstanding principal balance of Indebtedness of the Borrower and its Subsidiaries Subsidiaries, Qualifying Investment Affiliates, or Special Qualifying Investment Affiliates which bears interest at an interest rate that is not fixed through the maturity date of such Indebtedness ("“Variable Rate Debt"”) to exceed $150,000,000375,000,000, unless the amount in excess of $150,000,000 375,000,000 is covered by interest rate caps or other interest rate protection products reasonably satisfactory to the Required Lenders. Notwithstanding the foregoing, Borrower shall be entitled to exclude up to $75,000,000 of tax exempt bonds from the calculation of Variable Rate Debt.

Variable Interest Indebtedness. The Borrower shall not at any time permit the outstanding principal balance of Indebtedness of the Borrower and its Subsidiaries or Qualifying Investment Affiliates which bears interest at an interest rate that is not fixed through the maturity date of such Indebtedness ("Variable Rate Debt") to exceed $150,000,000250,000,000, unless the amount in excess of $150,000,000 250,000,000 is covered by interest rate caps or other interest rate protection products reasonably satisfactory to the Required Lenders. Notwithstanding the foregoing, Borrower shall be entitled to exclude up to $75,000,000 of tax exempt bonds from the calculation of Variable Rate Debt.

Variable Interest Indebtedness. The Borrower shall not at any time permit the outstanding principal balance of Indebtedness of the Borrower and its Subsidiaries Subsidiaries, Qualifying Investment Affiliates, or Special Qualifying Investment Affiliates which bears interest at an interest rate that is not fixed through the maturity date of such Indebtedness ("Variable Rate Debt") to exceed $150,000,000375,000,000, unless the amount in excess of $150,000,000 375,000,000 is covered by interest rate caps or other interest rate protection products reasonably satisfactory to the Required Lenders. Notwithstanding the foregoing, Borrower shall be entitled to exclude up to $75,000,000 of tax exempt bonds from the calculation of Variable Rate Debt.