Common use of Maximum Consolidated Leverage Ratio Clause in Contracts

Maximum Consolidated Leverage Ratio. Permit, as of the last day of each fiscal quarter, the Consolidated Leverage Ratio to exceed 6.00 to 1.00 (or, as of the last day of the two consecutive fiscal quarters immediately following the Borrower’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00).

Maximum Consolidated Leverage Ratio. PermitMaintain a Consolidated Leverage Ratio, as determined as of the last day of each fiscal quarter, the Consolidated Leverage Ratio to exceed 6.00 of more than 4.00 to 1.00 (or, as through the end of the last day fiscal quarter ending December 31, 2008 and of the two consecutive fiscal quarters immediately following the Borrower’s acquisition, pursuant 3.50 to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00)1.00 thereafter.

Maximum Consolidated Leverage Ratio. Permit, Permit the Consolidated Leverage Ratio as of at the last day of each fiscal quarter, the Consolidated Leverage Ratio to exceed 6.00 to 1.00 (or, as any period of the last day of the two four consecutive fiscal quarters immediately following of the Borrower’s acquisitionGuarantor (beginning with the period of four consecutive fiscal quarters of the Guarantor ending on June 30, pursuant 2012) to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 exceed 2.25 to 1.00).

Maximum Consolidated Leverage Ratio. Permit, Permit the Consolidated Leverage Ratio as of at the last day of each fiscal quarter, the Consolidated Leverage Ratio to exceed 6.00 to 1.00 (or, as any period of the last day of the two four consecutive fiscal quarters immediately following of the Borrower’s acquisitionBorrower (beginning with the period of four consecutive fiscal quarters of the Borrower ending on June 30, pursuant 2011) to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 exceed 2.25 to 1.00).

Maximum Consolidated Leverage Ratio. Permit, Permit the Consolidated Leverage Ratio as of at the last day of each fiscal quarter, the Consolidated Leverage Ratio to exceed 6.00 to 1.00 (or, as any period of the last day of the two four consecutive fiscal quarters immediately following of the Borrower’s acquisition, pursuant Borrower ending with any fiscal quarter to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 exceed 2.00 to 1.00).

Maximum Consolidated Leverage Ratio. Permit, as Permit the Consolidated Leverage Ratio at any time during any period of four fiscal quarters of the Parent ending on the last day of each fiscal quarter, the Consolidated Leverage Ratio quarter set forth below to exceed 6.00 be greater than 2.00 to 1.00 (or, as of the last day of the two consecutive fiscal quarters immediately following the Borrower’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00)1.0.

Maximum Consolidated Leverage Ratio. Permit, Permit the Consolidated Leverage Ratio as of the last day of each fiscal quarter, the Consolidated Leverage Ratio to exceed 6.00 to 1.00 (or, as any period of the last day of the two four consecutive fiscal quarters immediately of the Borrower to be greater than 1.0:1.0. Each of the determinations in Section 8.13(a)(i), (ii), (iii) and (iv) above will be calculated on a consolidated basis for each quarter or consecutive four fiscal quarter period, as applicable, beginning at the end of the first fiscal quarter following the Borrower’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00)Closing Date.

Maximum Consolidated Leverage Ratio. Permit, as of the last day of each fiscal quarter, the Maintain a Consolidated Leverage Ratio to exceed 6.00 to 1.00 (ornot greater than 4.50:1.00, as measured at the end of each Fiscal Quarter, beginning with the last day of Fiscal Quarter ending June 30, 2016, based on the two consecutive fiscal quarters immediately following the Borrower’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00)four most recent Fiscal Quarters for which financial information is available.

Maximum Consolidated Leverage Ratio. Permit, Permit the Consolidated Leverage Ratio as of at the last day of each fiscal quarter, the Consolidated Leverage Ratio to exceed 6.00 to 1.00 (or, as any period of the last day of the two four consecutive fiscal quarters immediately following of the Borrower’s acquisitionGuarantor (beginning with the period of four consecutive fiscal quarters of the Guarantor ending on June 30, pursuant 2011) to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 exceed 2.25 to 1.00).

Maximum Consolidated Leverage Ratio. Permit, as of the last day of each fiscal quarter, Maintain the Consolidated Leverage Ratio to exceed 6.00 to 1.00 (or, as of the last day end of the two consecutive any fiscal quarters immediately following the Borrower’s acquisitionquarter of Borrower (beginning with fiscal quarter ending June 30, pursuant 2010) not to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 exceed 2.50 to 1.00).

Maximum Consolidated Leverage Ratio. PermitA Consolidated Leverage Ratio, measured as of the last day of each fiscal quarter, the Consolidated Leverage Ratio not to exceed 6.00 to 1.00 (or, i) as of the last day of each fiscal quarter ending after the two consecutive fiscal quarters immediately following the Borrower’s acquisitionEffective Date and on or prior to March 31, pursuant to one transaction or a series of related transactions occurring contemporaneously2017, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 3.00 to 1.00), and (ii) as of the last day of each fiscal quarter ending on or after April 1, 2017, 2.50 to 1.00.

Maximum Consolidated Leverage Ratio. Permit, as of the last day of each fiscal quarter, the Maintain a Consolidated Leverage Ratio to exceed 6.00 to 1.00 not greater than (ori) 4.50:1.00, as through the Fiscal Quarter ending June 30, 2014 and (ii) 4.25:1.00, thereafter, measured at the end of each Fiscal Quarter based on the last day of the two consecutive fiscal quarters immediately following the Borrower’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00)four most recent Fiscal Quarters for which financial information is available.

Maximum Consolidated Leverage Ratio. PermitA Consolidated Leverage Ratio, measured as of the last day of each fiscal quarter, the Consolidated Leverage Ratio not to exceed 6.00 to 1.00 (or, i) as of the last day of each fiscal quarter ending after the two consecutive fiscal quarters immediately following the Borrower’s acquisitionEffective Date and on or prior to March 31, pursuant to one transaction or a series of related transactions occurring contemporaneously2020, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 3.00 to 1.00), and (ii) as of the last day of each fiscal quarter ending on or after April 1, 2020, 2.50 to 1.00.

Maximum Consolidated Leverage Ratio. Permit, as of the last day of each fiscal quarter, the Maintain a Consolidated Leverage Ratio to exceed 6.00 to 1.00 not greater than (ori) 4.50:1.00, as through the Fiscal Quarter ending December 31, 2013 and (ii) 4.25:1.00, thereafter, measured at the end of each Fiscal Quarter based on the last day of the two consecutive fiscal quarters immediately following the Borrower’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00)four most recent Fiscal Quarters for which financial information is available.

Maximum Consolidated Leverage Ratio. PermitMaintain a Consolidated Leverage Ratio, as determined as of the last day of each fiscal quarter, the Consolidated Leverage Ratio to exceed 6.00 to 1.00 (or, as of the last day of the two consecutive fiscal quarters immediately following the Borrower’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneouslyFiscal Period, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00)not greater than 3.00:1.00.

Maximum Consolidated Leverage Ratio. PermitPermit the Consolidated Leverage Ratio to exceed 4.00:1.00, as determined as of the last day of each fiscal quarterFiscal Period ended on or after March 31, the Consolidated Leverage Ratio to exceed 6.00 to 1.00 (or, as of the last day of the two consecutive fiscal quarters immediately following the Borrower’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00)2017.

Maximum Consolidated Leverage Ratio. Permit, as of the last day of each fiscal quarter, the Consolidated Leverage Ratio to exceed 6.00 6.50 to 1.00 (or1.00; provided that, the Consolidated Leverage Ratio may exceed 6.50 to 1.0, but not exceed 7.0 to 1.0, as of the last day of the two consecutive each fiscal quarters immediately following the Borrower’s acquisition, pursuant to one transaction or quarter that occurs during a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00)Surge Period.

Maximum Consolidated Leverage Ratio. Permit, Permit the Consolidated Leverage Ratio as of the last day of each fiscal quarter, the Consolidated Leverage Ratio any Fiscal Period to exceed 6.00 to 1.00 (or, as of the last day of the two consecutive fiscal quarters immediately following the Borrower’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00)be greater than 2.00:1.00.

Maximum Consolidated Leverage Ratio. Permit, Permit the Consolidated Leverage Ratio as of at the last day of each fiscal quarter, the Consolidated Leverage Ratio any period of four consecutive Fiscal Quarters to exceed 6.00 to 1.00 (or, as a ratio of the last day of the two consecutive fiscal quarters immediately following the Borrower’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00)4.00:1.00.

Maximum Consolidated Leverage Ratio. PermitPermit the Consolidated Leverage Ratio to exceed 4.50:1.00, as determined as of the last day of each fiscal quarter, the Consolidated Leverage Ratio to exceed 6.00 to 1.00 (or, as of the last day of the two consecutive fiscal quarters immediately following the Borrower’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $250,000,000 (a “Material Acquisition”), 6.50 to 1.00)Fiscal Period.