Unsecured Debt means Debt which is not secured by any of the properties of the Company or any Subsidiary.
Unsecured Debt means Debt of the Operating Partnership or any of its Subsidiaries that is not Secured Debt.
Unsecured Debt means Debt which is not secured by any mortgage, lien, pledge, encumbrance or security interest of any kind.
Examples of Unsecured Debt in a sentence
The Company will have at all times Total Unencumbered Assets of not less than 150% of the aggregate principal amount of all of its outstanding Unsecured Debt and the outstanding Unsecured Debt of the Company’s Subsidiaries, determined on a consolidated basis in accordance with GAAP.
The Company will not have at any time Total Unencumbered Assets of less than 150% of the aggregate principal amount of all of its and its Subsidiaries’ outstanding Unsecured Debt determined on a consolidated basis in accordance with GAAP.
More Definitions of Unsecured Debt
Unsecured Debt means Indebtedness of any Person that is not Secured Indebtedness.
Unsecured Debt means any Debt of the Company or its Subsidiaries which is not Secured Debt.
Unsecured Debt means all Debt which has not been secured by a pledge of any real or personal property.
Unsecured Debt means Debt of the Company or any of its Subsidiaries which is not secured by a Lien on any property or assets of the Company or any of its Subsidiaries.
Unsecured Debt means, as of any date, that portion of Total Outstanding Debt as of that date that is neither Secured Debt nor Contingent Liabilities of Boston Properties Limited Partnership and Subsidiaries.
Unsecured Debt means Debt of the Operating Partnership or any of its Subsidiaries which is not secured by a Lien on any property or assets of the Operating Partnership or any of its Subsidiaries.