Consolidated Unsecured Interest Expense means, for any period, the portion of Consolidated Interest Expense for such period that was incurred in respect of Unsecured Indebtedness of any member of the Consolidated Group or an Unconsolidated Affiliate.
Consolidated Unsecured Interest Expense means, for any period, the portion of Consolidated Interest Expense for such period attributable to Consolidated Unsecured Debt.
Consolidated Unsecured Interest Expense means, for any period, for the Consolidated Parties on a consolidated basis, all interest expense and letter of credit fee expense, as determined in accordance with GAAP during such period, attributable to Borrower and its Subsidiaries’ aggregate Consolidated Unsecured Funded Debt; provided, that interest expenses shall, in any event, (a) include the interest component under Capital Leases and the implied interest component under Securitization Transactions and (b) exclude the amortization of any deferred financing fees.
Examples of Consolidated Unsecured Interest Expense in a sentence
Calculated on a Consolidated basis with respect to the Borrower, at any time, the ratio of Unencumbered Property NOI from the Unencumbered Pool to Consolidated Unsecured Interest Expense shall not be less than 1.75 to 1.0.
More Definitions of Consolidated Unsecured Interest Expense
Consolidated Unsecured Interest Expense means, for any period, for the Consolidated Parties on a consolidated basis, all interest expense and letter of credit fee expense, as determined in accordance with GAAP during such period, attributable to Omega REIT and its Subsidiaries’ aggregate Consolidated Unsecured Funded Debt; provided, that interest expenses shall, in any event, (a) include the interest component under Capital Leases and the implied interest component under Securitization Transactions and (b) exclude the amortization of any deferred financing fees.
Consolidated Unsecured Interest Expense means, for any period of determination, consolidated interest expense for such period attributable to Consolidated Unsecured Indebtedness of the Consolidated Parties.
Consolidated Unsecured Interest Expense means, for the Borrower and its Subsidiaries for any period, determined on a consolidated basis in accordance with GAAP, an amount equal to the greater of (i) the actual Consolidated Interest Expense attributable to the Consolidated Total Unsecured Debt for such period and (ii) a hypothetical amount equal to the Consolidated Interest Expense for such period on the Consolidated Total Unsecured Debt as of the last day of such period calculated using a per annum interest rate equal to six and one-quarter percent (6.25%).
Consolidated Unsecured Interest Expense with respect to a Person for any period and without duplication, all Consolidated Interest Expense of such Person for such period attributable to Consolidated Unsecured Debt of such Person.
Consolidated Unsecured Interest Expense means, for any period, for the Consolidated Parties on a consolidated basis, all interest expense and letter of credit fee expense, as determined in accordance with GAAP during such period, attributable to the Consolidated Parties’ aggregate Consolidated Unsecured Funded Debt; provided, that interest expenses shall, in any event, (a) include the interest component under Capital Leases and the implied interest component under Securitization Transactions; (b) exclude the amortization of any deferred financing fees; and (c) exclude any expense resulting from the accretion of discounts or amortization of premiums related to the assumption or issuance of debt.
Consolidated Unsecured Interest Expense. Consolidated Unsecured Senior Debt", "Consolidated Unencumbered Real Estate Assets", "Year 2000 Compliant and Ready" and "Y2K Plan", and substituting the following definitions of certain of such terms set forth below and (ii) adding the following definitions of "Anchor Tenant", "Assets Under Development", "Consolidated Total Liabilities", "Consolidated Unsecured Debt" , "Consolidated Unsecured Interest Expense", "Minimum Aggregate Occupancy Requirement", "Third Party Development Property" and "Third Party Development Property Purchase Obligations", all of such definitions to be substituted and added in the appropriate alphabetical order.
Consolidated Unsecured Interest Expense means, for any period of determination, consolidated interest expense for such period attributable to Consolidated Unsecured Indebtedness of the Consolidated Parties. “Consolidated Unsecured Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Unsecured Indebtedness on such date to (b) Consolidated Unencumbered Asset Value on such date. “Construction-In-Process” means any Real Estate Asset which does not have buildings or other improvements located thereon, but which is under development for the construction of buildings or improvements which will qualify as or will constitute Healthcare Facilities upon completion (or, to the extent any buildings or improvements are located thereon, such buildings or other improvements are under construction and are non-operational, and no certificate(s) of occupancy have been issued with respect thereto), and/or the budgeted costs associated with the acquisition and construction of such Real Estate Asset, including, but not limited to, the cost of acquiring such Real Estate Asset as reasonably determined by Borrower in good faith, as the context may require. “Contractual Obligation” means, as applied to any Person, any provision of any Security issued by that Person or of any indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject. “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. “Covered Entity” means as defined in Section 11.23(b). “Covered Party” means as defined in Section 11.23(a). “Conversion/Continuation Date” means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice. “Conversion/Continuation Notice” means a Conversion/Continuation Notice substantially in the form of Exhibit 2.8. “Credit Date” means the date of a Credit Extension. “Credit Document” means any of this Agreement, the Notes, any Guaranty, any Guarantor Joinder Agreement, the Fee Letter, any document executed and delivered by the Borrower and/or any other Credit Party and/or any Lender pursuant to which any Aggregate Revolving Commitments or...