Unsecured Debt to Unencumbered Asset Value Sample Clauses

Unsecured Debt to Unencumbered Asset Value. The amount of Unsecured Debt at the end of each calendar quarter shall not exceed fifty-five percent (55%) of the Unencumbered Asset Pool Value at such time.

Unsecured Debt to Unencumbered Asset Value. Total Unsecured Outstanding Indebtedness $

Unsecured Debt to Unencumbered Asset Value. Notwithstanding anything to the contrary contained herein, for the purposes of this ratio, (i) Consolidated Unsecured Debt on any date shall be adjusted by deducting therefrom an amount equal to the lesser of (x) the aggregate amount of Consolidated Unsecured Debt outstanding on such date that by its terms is scheduled to mature on or before the date that is twenty-four (24) months following such date and (y) the aggregate amount of all unrestricted cash and cash equivalents on such date and escrow and other deposits to the extent available for the repayment of Consolidated Unsecured Debt of the type described in clause (x) (excluding any such unrestricted cash and cash equivalents and escrow and other deposits used to determine the Consolidated Secured Debt Leverage Ratio as of such date) and (ii) Unencumbered Asset Value shall be adjusted by deducting therefrom the amount by which Consolidated Unsecured Debt is adjusted under clause (i). “Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. “Covered Entity” has the meaning specified in Section 10.23. “Credit Extension” means each of the following: a Borrowing. “Credit Party” means, collectively, (a) the Parent Borrower, (b) Sabra Canadian Holdings, (c) the REIT Guarantor, (d) each Subsidiary Guarantor and (e) each Direct Owner of an Unencumbered Property and each Indirect Owner of a Direct Owner of an Unencumbered Property. “Customary Recourse Carveouts” means, with respect to any Non-Recourse Indebtedness, exclusions from the exculpation provisions with respect to such Non-Recourse Indebtedness for fraud,

Unsecured Debt to Unencumbered Asset Value. Permit, as of the last day of each calendar quarter, Total Unsecured Outstanding Indebtedness to exceed 60% of Unencumbered Asset Value (or, as of the last day of the two consecutive calendar quarters following (x) the consummation of the Acquisition or (y) the Company’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $500 million, 65% of Unencumbered Asset Value).

Unsecured Debt to Unencumbered Asset Value. Consolidated Total Unsecured Debt to Unencumbered Asset Value not to exceed 60% DuPont Fabros Technology, LP Line of Credit Covenants March 31, 2010 § 9.1(b) Unencumbered Property Debt Yield not less than 12.5%

Unsecured Debt to Unencumbered Asset Value. Permit, as of the last day of each calendar quarter, Total Unsecured Outstanding Indebtedness to exceed (i) (ii) 55% of Unencumbered Asset Value if Unencumbered Asset Value is less than $1 billion or 60% of Unencumbered Asset Value if Unencumbered Asset Value is equal or greater than $1 billion.