Common use of Limitations on Secured Indebtedness Clause in Contracts

Limitations on Secured Indebtedness. The Parent shall not at any time on a Consolidated basis permit the sum of the Parent's Secured Non-Recourse Indebtedness and Secured Recourse Indebtedness to exceed thirty percent (30%) of the Parent Aggregate Asset Value.

Appears in 2 contracts

Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties), Senior Unsecured Credit Agreement (Lasalle Hotel Properties)

AutoNDA by SimpleDocs

Limitations on Secured Indebtedness. The Parent shall not at ----------------------------------- any time on a Consolidated basis permit the sum of the Parent's Secured Non-Recourse Indebtedness and Secured Recourse Indebtedness to exceed thirty percent (30%) 35% of the Parent Aggregate Asset Value.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties)

AutoNDA by SimpleDocs

Limitations on Secured Indebtedness. The Parent shall not at any time on a Consolidated basis permit the sum of the Parent's Secured Non-Recourse Indebtedness and Secured Recourse Indebtedness to exceed thirty percent (30%) 35% of the Parent Aggregate Asset Value.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties)

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