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, 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.
Consolidated Unsecured Interest Expense means, for any period, the portion of Consolidated Interest Expense for such period attributable to Consolidated Unsecured Debt.
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.
For purposes of calculating the Consolidated Unsecured Interest Coverage Ratio, Consolidated Unsecured Interest Expense shall be equal to the greater of (i) the actual Consolidated Interest Expense on unsecured Indebtedness, and (ii) interest expense that would be payable on unsecured Indebtedness assuming an interest rate of 6.25%.
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, interest incurred on all Unsecured Indebtedness of the Borrower (regardless of whether such interest was expensed or capitalized in accordance with GAAP), determined on a Consolidated basis but excluding amortization of deferred loan costs.
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.