Common use of Value of Assets Clause in Contracts

Value of Assets. The Borrower will ensure that the value of Consolidated gross Assets of the Guarantors comprise no less than 90 percent of the value of Consolidated gross Assets of the Borrower computed in accordance with GAAP.

Appears in 2 contracts

Sources: Facility Agreement (Security Capital U S Realty), Facility Agreement (Security Capital U S Realty)

Value of Assets. The Borrower Company will ensure that the value of Consolidated gross Assets of the Borrower and the Guarantors (other than the Company) comprise no less than 90 percent of the value of Consolidated gross Assets of the Borrower Company computed in accordance with GAAP.

Appears in 1 contract

Sources: Facility Agreement (Security Capital U S Realty)