Unencumbered Property Pool Leverage Ratio definition

Unencumbered Property Pool Leverage Ratio means the Unsecured Indebtedness divided by Unencumbered Property Pool Value, expressed as a percentage.
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Unencumbered Property Pool Leverage Ratio means, for any period, Total Unsecured Indebtedness toTotal Unencumbered Property Pool Value. “Unencumbered Interest Coverage Ratio” means, at any time, (a) Unencumbered Property NOI for the most recent quarter, annualized, divided by
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Examples of Unencumbered Property Pool Leverage Ratio in a sentence

  • Not permit the Unencumbered Property Pool Leverage Ratio to be more than sixty percent (60%), which maximum percentage shall be increased to sixty-five percent (65%) for the four (4) consecutive calendar quarters starting with the date of the Material Acquisition.

  • Not permit the Unencumbered Property Pool Leverage Ratio to be more than sixty-five percent (65%).

  • Not permit the Unencumbered Property Pool Leverage Ratio to be more than sixty percent (60%), which maximum percentage shall be increased to sixty-five percent (65%) for four consecutive quarters after a Material Acquisition.

  • Not permit the Unencumbered Property Pool Leverage Ratio to be more than sixty percent (60%), which maximum percentage shall be increased to sixty-five percent (65%) for the four (4) consecutive quarters immediately following a Material Acquisition.

  • Not permit the Unencumbered Property Pool Leverage Ratio to be more than sixty-five percent (65%) until the first anniversary of the Effective Date and thereafter, not permit the Unencumbered Property Pool Leverage Ratio to be more than sixty percent (60%), which maximum percentage shall be increased to sixty-five percent (65%) for the four (4) consecutive quarters immediately following a Material Acquisition.