Common use of Consolidated Total Indebtedness to Gross Asset Value Clause in Contracts

Consolidated Total Indebtedness to Gross Asset Value. Parent Company will not at any time permit the ratio of Consolidated Total Indebtedness to Parent Company’s Gross Asset Value (expressed as a percentage) to exceed sixty percent (60%); provided, however, that one or more periods of up to four (4) consecutive fiscal quarters immediately following each Material Acquisition of which Borrower has given Agent written notice (with such four (4) consecutive fiscal quarter period to include the quarter in which such Material Acquisition is consummated), the ratio (expressed as a percentage) of such Consolidated Total Indebtedness to Gross Asset Value may exceed sixty percent (60%) but shall not exceed sixty-five percent (65%) during such period;

Appears in 3 contracts

Samples: Credit Agreement (QTS Realty Trust, Inc.), Term Loan Agreement (QualityTech, LP), Credit Agreement (QTS Realty Trust, Inc.)

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Consolidated Total Indebtedness to Gross Asset Value. Parent Company The Borrower will not at any time permit the ratio of Consolidated Total Indebtedness to Parent Company’s Gross Asset Value (expressed as a percentage) to exceed sixty percent (60%); provided, however, that one or for no more than two (2) 128 periods of up to four two (42) consecutive fiscal calendar quarters immediately following each a Material Acquisition of which Borrower has given Agent written notice (with such four two (42) consecutive fiscal quarter period to include the quarter in which such Material Acquisition is consummated), the ratio (expressed as a percentage) of such Consolidated Total Indebtedness to Gross Asset Value may exceed sixty percent (60%) but shall not exceed sixty-five percent (65%) during such period;.

Appears in 1 contract

Samples: Credit Agreement (MedEquities Realty Trust, Inc.)

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Consolidated Total Indebtedness to Gross Asset Value. Parent Company will not at any time permit the ratio of Consolidated Total Indebtedness to Parent Company’s Gross Asset Value (expressed as a percentage) to exceed sixty percent (60%); provided, however, that one or more periods of for up to four two (42) consecutive fiscal quarters immediately following each Material Acquisition of which Borrower has given Agent written notice (with such four two (42) consecutive fiscal quarter period to include the quarter in which such Material Acquisition is consummated), the ratio (expressed as a percentage) of such Consolidated Total Indebtedness to Gross Asset Value may exceed sixty percent (60%) but shall not exceed sixty-five percent (65%) during such period;

Appears in 1 contract

Samples: Credit Agreement (QTS Realty Trust, Inc.)

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