Common use of Consolidated Funded Debt Ratio Clause in Contracts

Consolidated Funded Debt Ratio. As of the last day of each fiscal quarter, based on the preceding two (2) fiscal quarters, annualized, Consolidated Funded Debt to Gross Asset Value shall not exceed 60%.

Appears in 3 contracts

Sources: Master Credit Facility Agreement (United Dominion Realty Trust Inc), Master Credit Facility Agreement (United Dominion Realty Trust Inc), Master Credit Facility Agreement (United Dominion Realty Trust Inc)

Consolidated Funded Debt Ratio. As Maintain, as of the last day of each fiscal quarter, based on the preceding two (2) fiscal quarters, annualized, a Consolidated Funded Debt Ratio of not more than 2.25 to Gross Asset Value shall not exceed 60%1.

Appears in 1 contract

Sources: Credit Agreement (Champion Enterprises Inc)