Debt to Equity Ratio. The Lender shall have received from the Borrower a certificate demonstrating that the ratio of the Borrower's Adjusted Indebtedness to the Borrower's Net Assets, taking into account the requested Loan or Letter of Credit and the assets, if any, to be acquired by the Borrower with the proceeds of such Loan or Letter of Credit, shall not exceed 4-to-1.
Appears in 4 contracts
Samples: Credit Agreement (Reckson Services Industries Inc), Credit Agreement (Reckson Services Industries Inc), Credit Agreement (Reckson Associates Realty Corp)
Debt to Equity Ratio. The Lender shall have received from the Borrower a certificate demonstrating that the ratio of the Borrower's Adjusted Indebtedness to the Borrower's Net Assets, taking into account the requested Loan or Letter of Credit and the assets, if any, to be acquired by the Borrower with the proceeds of such Loan or Letter of CreditLoan, shall not exceed 4-to-1.
Appears in 4 contracts
Samples: Credit Agreement (Reckson Services Industries Inc), Credit Agreement (Reckson Services Industries Inc), Credit Agreement (Reckson Services Industries Inc)
