Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Borrower’s compliance with any financial covenant contained in any of the Loan Documents, only the Borrower’s pro rata share of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary (other than the ▇▇▇▇▇▇▇ OP (and Wholly Owned Subsidiaries of the ▇▇▇▇▇▇▇ OP) so long as the Borrower owns at least 66-2/3% of the Equity Interests issued by the ▇▇▇▇▇▇▇ OP) shall be included.
Appears in 3 contracts
Sources: Credit Agreement (Heritage Property Investment Trust Inc), Term Loan Agreement (Heritage Property Investment Trust Inc), Credit Agreement (Heritage Property Investment Trust Inc)