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Common use of Unhedged Variable Rate Debt Clause in Contracts

Unhedged Variable Rate Debt. Unhedged Variable Rate Debt of Borrowers and their respective Subsidiaries shall not exceed thirty percent (30%) of Gross Asset Value.

Appears in 3 contracts

Sources: Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp), Term Loan Agreement (CoreSite Realty Corp)

Related Clauses

  • Variable Rate
  • Variable Rate Transactions
  • Subsequent Variable Rate Transactions
  • Variable Rate Transaction
  • No Variable Rate Transactions

Parent Clauses

  • FINANCIAL COVENANTS
  • FINANCIAL COVENANTS OF THE BORROWERS
  • Negative Covenants
  • Definitions and Rules of Interpretation
  • Electronic Signatures

Sub-Clauses

  • Payment of Fees
  • Representations and Warranties
  • Performance; No Default
  • Resolutions
  • Loan Documents
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