Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. Borrower shall not permit the ratio of Total Indebtedness to Tangible Net Worth at any time to be greater than 3:1. Lender may consider waiving the foregoing requirements under certain circumstances if requested by Borrower; however, Lender shall be under no obligation to do so.
Appears in 2 contracts
Samples: CMBS Loan Agreement (Capital Trust Inc), Master Loan and Security Agreement (Capital Trust Inc)
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. Borrower shall not permit the ratio of Total Indebtedness to Tangible Net Worth at any time to be greater than 3:15:1. Lender may consider waiving the foregoing requirements requirement under certain circumstances if requested by Borrower; however, Lender shall be under no obligation to do so.
Appears in 2 contracts
Samples: CMBS Loan Agreement (Capital Trust), Master Loan and Security Agreement (Capital Trust)
