Examples of Consolidated Book Value in a sentence
Borrower and the Consolidated Partnership shall not create, incur, suffer or allow to exist Indebtedness (including, with respect to the Sanwa Line of Credit and the Union Line of Credit, only the funded portion of such line of credit indebtedness within the calculation of Indebtedness) in excess of fifty percent (50%) of Consolidated Book Value.
Borrower and the Consolidated Partnership shall not create, incur, suffer or allow to exist Indebtedness (including, with respect to the Sanwa Line of Credit and the Bank of America Line of Credit, only the funded portion of such line of credit indebtedness within the calculation of Indebtedness) in excess of fifty-five percent (55%) of Consolidated Book Value.
As used herein, "Total Adjusted Consolidated Tangible Book Value" begins with the "Adjusted Consolidated Book Value" which includes all equity accounts of the corporation, but shall not include any cumulative unrealized gain or loss resulting from the subsidiary banks' compliance with the Statement of Financial Accounting Standards No. 115 issued by the Financial Accounting Standards Board.
It shall maintain a Consolidated Debt to Consolidated Book Value of Assets Ratio, measured at the end of each fiscal quarter of the Borrower on a rolling four fiscal quarter basis, of not greater than [DELETION] commencing from and including the fiscal quarter ending June 30, 2021.
Borrower shall not otherwise modify its method of calculating Consolidated Book Value from that employed in the preparation of Financials delivered to Lender in connection with the Loan.
Borrower will not permit more than 15% of Net Operating Income for any four consecutive fiscal quarters to be generated by, either directly or indirectly, any one Facility, lessee, operator or borrower, nor shall Borrower permit any one Facility or assets to constitute more than 15% of Consolidated Book Value.
Borrower shall, in calculating Consolidated Book Value, carry its assets on its books at the lesser of cost or market and shall not write-up Consolidated Book Value to reflect increased value based upon market.
Within 120 days after the last day of each fiscal year of PCLEH, the Directors shall determine, in accordance with paragraph 11.02.01, the Adjusted Consolidated Book Value of all Shares and the value of each Share as at the last day of such fiscal year (the “Valuation Date”).
Borrower and the Consolidated Partnership shall not create, incur, suffer or allow to exist Indebtedness secured in whole or in part by any of its properties (including, without limitation, the Facilities, but excluding, for the purpose of this Section 6.9.C only, the 955 Loan from the calculation of such secured Indebtedness) or other assets which at any time exceeds twenty-five percent (25%) of Consolidated Book Value.
Consolidated Book Value of ---------------------------------------------------------- Embarcadero.