Limitation on Incurrence of Debt. The Company shall not, and shall not permit any of its Subsidiaries to, incur any Debt if, immediately after giving effect to the incurrence of such Debt and the application of the proceeds from such Debt on a pro forma basis, the aggregate principal amount of all of its and its Subsidiaries’ outstanding Debt (determined on a consolidated basis in accordance with GAAP) is greater than 60% of its and its Subsidiaries’ Total Asset Value.
Appears in 4 contracts
Samples: Supplemental Indenture (W. P. Carey Inc.), Eighth Supplemental Indenture (W. P. Carey Inc.), Supplemental Indenture (W. P. Carey Inc.)
