Consolidated Unsecured Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Unsecured Funded Debt to (b) Unencumbered Asset Value for the most recently completed fiscal quarter.

Consolidated Unsecured Leverage Ratio means, as of any date of determination, the ratio (expressed as a percentage) of (i) Consolidated Total Unsecured Indebtedness as of such date, less the Unrestricted Cash Amount as of such date to (ii) the Unencumbered Asset Value as of such date.

Consolidated Unsecured Leverage Ratio means, on the last day of any fiscal quarter, the ratio of (i) Consolidated Unsecured Debt outstanding on such date to (ii) Consolidated Unencumbered Gross Asset Value as of such date. Notwithstanding anything to the contrary contained herein, for the purposes of this ratio, (i) Consolidated Unsecured Debt on any date shall be adjusted by deducting therefrom an amount equal to the lesser of (x) the aggregate amount of Consolidated Unsecured Debt outstanding on such date that by its terms is scheduled to mature on or before the date that is twenty-four (24) months following such date and (y) the aggregate amount of all unrestricted cash and cash equivalents on such date and escrow and other deposits to the extent available for the repayment of Consolidated Unsecured Debt of the type described in clause (x) (excluding any such unrestricted cash and cash equivalents and escrow and other deposits used to determine the Consolidated Secured Debt Leverage Ratio as of such date) and (ii) Consolidated Unencumbered Gross Asset Value shall be adjusted by deducting therefrom the amount by which Consolidated Unsecured Debt is adjusted under clause (i).

Examples of Consolidated Unsecured Leverage Ratio in a sentence

Permit the Consolidated Unsecured Leverage Ratio to be greater than sixty percent (60%) as of the end of any fiscal quarter.
Notwithstanding the foregoing, the Credit Parties shall be permitted to increase the maximum Consolidated Unsecured Leverage Ratio to sixty five percent (65%) for any fiscal quarter in which a Significant Acquisition occurs and for the two consecutive full fiscal quarters immediately thereafter.
Permit the Consolidated Unsecured Leverage Ratio at any time to be greater than 60%.
The Borrower shall cause the Consolidated Unsecured Leverage Ratio, as of the end of any fiscal quarter, to be equal to or less than 60%.
Permit the Consolidated Unsecured Leverage Ratio to be greater than sixty percent (60%) as of the end of any fiscal quarter of the REIT Guarantor.

More Definitions of Consolidated Unsecured Leverage Ratio

Consolidated Unsecured Leverage Ratio means, as of any date of determination, the ratio (expressed as a percentage) of Consolidated Unsecured Debt to Unencumbered Total Asset Value.

Consolidated Unsecured Leverage Ratio means, as of any date of determination, the ratio (expressed as a percentage) of

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.

Consolidated Unsecured Leverage Ratio means, as of any date of determination, the ratio (expressed as a percentage) of (i) Total Unsecured Indebtedness of the Consolidated Parties to (ii) Unencumbered Properties Consolidated Total Asset Value, in each case as of such date.

Consolidated Unsecured Leverage Ratio means, as of any date of determination, the ratio of (i) Total Unsecured Indebtedness of AF REIT and its Subsidiaries on a consolidated basis as of such date to (ii) Aggregate Unencumbered Pool Value as of such date.

Consolidated Unsecured Leverage Ratio means the ratio of Consolidated Unsecured Debt to Consolidated UAP Property Value.