Common use of Limitation on Secured Indebtedness Clause in Contracts

Limitation on Secured Indebtedness. The Borrower shall maintain ---------------------------------- during each Fiscal Quarter on a consolidated basis a ratio of (a) total Secured Indebtedness (including, without limitation, Obligations and all Capitalized Lease Obligations) of the Borrower and its Subsidiaries to (b) Total Assets of the Borrower and its Subsidiaries not in excess of 1:2.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hospitality Properties Trust)

AutoNDA by SimpleDocs

Limitation on Secured Indebtedness. The Borrower shall maintain ---------------------------------- during each Fiscal Quarter on a consolidated basis a ratio of (a) total Secured Indebtedness (including, without limitation, Obligations and all Capitalized Lease Obligations) of the Borrower and its Subsidiaries to (b) Total Assets of the Borrower and its Subsidiaries not in excess of 1:2.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hospitality Properties Trust)

Limitation on Secured Indebtedness. The Borrower shall maintain ---------------------------------- during each Fiscal Quarter on a consolidated basis a ratio ratio, expressed as a percentage, of (a) total Secured Indebtedness (including, without limitation, Obligations and all Capitalized Lease Obligations) of the Borrower and its Subsidiaries to (b) Total Assets of the Borrower and its Subsidiaries not in excess of 1:2fifty-six percent (56%).

Appears in 1 contract

Samples: Credit Agreement (Hospitality Properties Trust)

Limitation on Secured Indebtedness. The Borrower shall maintain ---------------------------------- during each Fiscal Quarter on a consolidated basis a ratio ratio, expressed as a percentage, of (a) total Secured Indebtedness (including, without limitation, Obligations and all Capitalized Lease Obligations) of the Borrower and its Subsidiaries to (b) Total Assets of the Borrower and its Subsidiaries not in excess of 1:2.45

Appears in 1 contract

Samples: Second Supplemental Credit Agreement (Hospitality Properties Trust)

AutoNDA by SimpleDocs

Limitation on Secured Indebtedness. The Borrower shall maintain ---------------------------------- during each Fiscal Quarter on a consolidated basis a ratio ratio, expressed as a percentage, of (a) total Secured Indebtedness (including, without limitationlimita tion, Obligations and all Capitalized Lease Obligations) of the Borrower and its Subsidiaries to (b) Total Assets of the Borrower and its Subsidiaries not in excess of 1:2fifty-six percent (56%).

Appears in 1 contract

Samples: Revolving Credit Agreement (Hospitality Properties Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!