Common use of Total Unencumbered Assets Clause in Contracts

Total Unencumbered Assets. The Borrower shall at all times maintain Total Unencumbered Assets of not less than 150% of the aggregate outstanding principal amount of the Unsecured Debt of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP.

Appears in 9 contracts

Sources: Credit Agreement (Service Properties Trust), Credit Agreement (Diversified Healthcare Trust), Credit Agreement (Service Properties Trust)