Net Unencumbered Assets definition

Net Unencumbered Assets means, on a consolidated basis determined in accordance with IFRS, the Value of Real Estate Property of the Issuer and its Subsidiaries not subject to any Lien acquired plus the value of all other assets of the Issuer and its Subsidiaries acquired minus the value of such assets which (i) have been disposed of or (ii) have become subject to a Lien.

Net Unencumbered Assets means the value of any Real Estate Property of the Issuer and its Subsidiaries not subject to any Lien acquired plus the value of all other assets of the Issuer and its Subsidiaries not subject to any Lien acquired minus the value of such assets (previously not being subject to a Lien) which (i) have been disposed of or (ii) have become subject to a Lien (each as determined in accordance with IFRS).

Net Unencumbered Assets means, on a consolidated basis determined in accordance with IFRS, the value of any real estate property of the Issuer and its Subsidiaries not subject to any Security Interest acquired plus the value of all other assets of the Issuer and its Subsidiaries not subject to any Security Interest acquired, minus the value of such assets which: (i) have been disposed of; or (ii) have become subject to a Security Interest;

Examples of Net Unencumbered Assets in a sentence

• The Guarantor undertakes that the sum of: (i) the Unencumbered Assets (less Cash and Cash Equivalents) as at the Last Reporting Date; and (ii) the Net Unencumbered Assets (less Cash and Cash Equivalents) newly recorded since the Last Reporting Date will at no time be less than 125 per cent.

• The Issuer undertakes that the sum of: (i) the Unencumbered Assets (less Cash and Cash Equivalents) as at the Last Reporting Date; and (ii) the Net Unencumbered Assets (less Cash and Cash Equivalents) newly recorded since the Last Reporting Date will at no time be less than 125 per cent.

• The Issuer undertakes that the sum of: (i) the Unencumbered Assets (less Cash and Cash Equivalents) as at the Last Reporting Date; and (ii) the Net Unencumbered Assets (less Cash and Cash Equivalents) newly recorded since the Last Reporting Date will at no time be less than 125% of the sum of: (i) the Unsecured Indebtedness (less Cash and Cash Equivalents) at the Last Reporting Date; and (ii) the Net Unsecured Indebtedness (less Cash and Cash Equivalents) incurred since the Last Reporting Date.

• The Issuer undertakes that from the Issue Date the sum of (i) the Unencumbered Assets as of the immediately preceding Reporting Date for which Consolidated Financial Statements of the Issuer have been published and (ii) the Net Unencumbered Assets newly recorded since the immediately preceding Reporting Date for which Consolidated Financial Statements of the Issuer have been published will at no time be less than 125 per cent.

More Definitions of Net Unencumbered Assets

Net Unencumbered Assets means the value of any Real Estate Property not subject to any Security Interest acquired or contracted for acquisition plus the value of all other assets not subject to any Security Interest acquired or contracted for acquisition minus the value of such assets which: (i) have been disposed of; or (ii) have become subject to a Security Interest, with the value of any such Real Estate Property or other assets in each such case to be determined at the relevant time in accordance with IFRS and the accounting principles applied by the Guarantor in the latest Financial Statements as certified by auditors of the Guarantor;

Net Unencumbered Assets means, on a consolidated basis determined in accordance with IFRS, the value of any Real Estate Property of the Guarantor and its Subsidiaries not subject to any Lien acquired plus the value of all other assets of the Guarantor and its Subsidiaries not subject to any Lien acquired minus the value of such assets which (i) have been disposed of or (ii) have become subject to a Lien.

Net Unencumbered Assets means, on a consolidated basis determined in accordance with IFRS, the Value of Real Estate Property of the

Net Unencumbered Assets means the value of any Real Estate Property of the Group not subject to any Security Interest acquired plus the value of all other assets of the Group not subject to any Security Interest acquired, minus the value of such assets which: (i) have been disposed of; or (ii) have become subject to a Security Interest;

Net Unencumbered Assets means, on a consolidated basis determined in accordance with IFRS, the Value of Real Estate Property of theTochtergesellschaften, das nicht Gegenstand eines Sicherungsrechts ist, zuzüglich des Werts aller sonstigen erworbenen Vermögenswerte der Emittentin und ihrer Tochtergesellschaften, abzüglich des Werts solcher Vermögenswerte, die

Net Unencumbered Assets means, on a consolidated basis determined in accordance with IFRS, the value of any "Unbelastetes Nettovermögen" bezeichnet den nach IFRS auf konsolidierter Basis ermittelten Wert des erworbenen Real Estate Property of the Guarantor and its Subsidiaries not subject to any Lien acquired plus the value of all other assets of the Guarantor and its Subsidiaries not subject to any Lien acquired minus the value of such assets which (i) have been disposed of or (ii) have become subject to a Lien. Immobilienvermögens der Garantin und ihrer Tochtergesellschaften, das nicht Gegenstand eines Sicherungsrechts ist, zuzüglich des Xxxxx aller sonstigen erworbenen Vermögenswerte der Garantin und ihrer Tochtergesellschaften, die nicht Gegenstand eines Sicherungsrechts sind, abzüglich des Xxxxx solcher Vermögenswerte, die (i) veräußert wurden oder (ii) Gegenstand eines Sicherungsrechts geworden sind.