Common use of Maintenance of Total Unencumbered Assets Clause in Contracts

Maintenance of Total Unencumbered Assets. The Parent and its Subsidiaries may not at any time own Total Unencumbered Assets equal to less than 150% of the aggregate outstanding principal amount of the Unsecured Debt of the Parent and its Subsidiaries on a consolidated basis.

Appears in 9 contracts

Sources: Second Supplemental Indenture (Broadstone Net Lease, Inc.), Eighth Supplemental Indenture (Invitation Homes Inc.), Seventh Supplemental Indenture (Invitation Homes Inc.)

Maintenance of Total Unencumbered Assets. The Parent and its Subsidiaries may not at any time own shall maintain Total Unencumbered Assets equal to as of the end of each fiscal quarter of not less than 150% of the aggregate outstanding principal amount of the Unsecured Debt Indebtedness of the Parent and its Subsidiaries on a consolidated basisbasis as of the end of each fiscal quarter.

Appears in 3 contracts

Sources: First Supplemental Indenture (Sabra Health Care REIT, Inc.), Ninth Supplemental Indenture (Sabra Health Care REIT, Inc.), Eighth Supplemental Indenture (Sabra Health Care REIT, Inc.)

Maintenance of Total Unencumbered Assets. The Parent and its Restricted Subsidiaries may not shall, at any time own all times, maintain Total Unencumbered Assets equal to as of the end of each Fiscal Quarter of not less than 150150.0% of the aggregate outstanding principal amount of the Parent’s and its Restricted Subsidiaries’ Unsecured Debt as of the Parent and its Subsidiaries end of each Fiscal Quarter, all calculated on a consolidated basisbasis in accordance with GAAP.

Appears in 1 contract

Sources: Indenture (Pebblebrook Hotel Trust)

Maintenance of Total Unencumbered Assets. The Parent and its Subsidiaries may will not have at any time own Total Unencumbered Assets equal to of less than 150% of the aggregate outstanding principal amount of the all outstanding Unsecured Debt of the Parent and its Subsidiaries determined on a consolidated basisbasis in accordance with GAAP.

Appears in 1 contract

Sources: Indenture (Wells Real Estate Investment Trust Ii Inc)