Maximum Debt. The Company may borrow from other lenders and may grant other security interests. Other bank and credit union lenders, if any, may obtain a senior security interest in some or all of the Company’s assets. Notwithstanding this authority and the maximum Total Loan Amount authorized in Section 2.1, the Company shall not issue debt or accept Bank Borrowings, as defined in Section 4.3, which in aggregate, exceed eighty percent (80%) of total assets (the “Maximum Debt Covenant”).
Maximum Debt. The total debt of the Company at any time shall not exceed sixty percent (65%) of the Company's capitalization which, when all Capital Commitments have been fully contributed, shall be $92,857,143 of maximum debt. The total debt of any Qualified Property at any one time shall not exceed seventy percent (70%) of the value of such Qualified Property.
Maximum Debt. Not permit International’s Total Funded Indebtedness to exceed the following amounts at any time during the following periods: $ 29,000,000 01/01/01 - 06/30/01 $ 27,000,000 07/01/01 - 09/30/01 $ 25,000,000 10/01/01 - 12/31/01 $ 25,000,000 01/01/02 - 03/31/02 $ 25,000,000 04/01/02 - 06/30/02 $ 25,000,000 07/01/02 - 09/30/02 $ 25,000,000 10/01/02 - 12/31/02 $ 27,000,000 01/01/03 - 03/31/03 $ 27,000,000 04/01/03 - 06/30/03 $ 27,000,000 07/01/03 - 09/30/03 $ 27,000,000 at any time thereafter
Maximum Debt. The Debt encumbering all Pledged Assets under a Permissible Credit Facility shall not exceed fifty percent (50%) of the Gross Value of such Pledged Assets; provided, that, for purposes of calculating the Borrowing Conditions set forth under clauses (ii), (iii) and (iv) above, such calculation shall be made on a pro forma basis giving effect to the incurrence of any indebtedness to be incurred under all Permissible Credit Facilities (which, for purposes of calculating the amount of indebtedness incurred in respect of any revolving credit facility or line of credit, such amount shall be equal to the maximum commitment thereof, regardless of the outstanding amount) and any fees and expenses incurred in connection therewith, all as if such events occurred on the first day of the Test Period.
Maximum Debt. Not permit International’s Total Funded Indebtedness to exceed the following amounts at any time during the following periods:
Maximum Debt. The Company may borrow from other lenders and may grant other security interests. Other bank and credit union lenders, if any, may obtain a senior security interest in some or all of the Company’s assets. Notwithstanding this authority and the maximum Total Loan Amount authorized in Section 2.1, the Company shall not issue debt or accept Bank Borrowings, as defined in Section 4.3, which in aggregate, exceed eighty percent (80%) of the Company’s performing portfolio loans outstanding plus cash and cash equivalents (the “Maximum Debt Covenant”). The Maximum Debt Covenant requires that non-performing loans and foreclosed real estate be excluded from the asset value of the Company’s Portfolio Loans when calculating the maximum amount of debt allowable.
Maximum Debt. The Partnership on a consolidated basis with the SP Subsidiaries shall maintain a total debt (secured or unsecured) of not greater than seventy-five percent (75%) of the gross acquisition cost of the Partnership’s Qualified Assets; provided, that the gross acquisition cost of a Qualified Assumed Asset shall include the refinancing costs (including defeasance costs and prepayment costs) related to the Qualified Assumed Asset. The total debt secured by any Qualified Asset shall not exceed 75% of the gross acquisition cost of such Qualified Asset; provided, that the gross acquisition cost of a Qualified Assumed Asset shall include the refinancing costs (including defeasance costs and prepayment costs) related to the Qualified Assumed Asset.
Maximum Debt. The Company shall have no indebtedness for borrowed money.
Maximum Debt. The total debt of the Company and LAC I at any time shall not exceed sixty-five percent (65%) of the market value of the assets of the Company and LAC I set forth in the current Acquiport Annual Plans (x) plus the capitalized cost of each asset acquired by the Company and LAC I since the ending date of the period covered by the current Acquiport Annual Plans and (y) minus the proceeds of any assets sold since the ending date of the period covered by the current Acquiport Annual Plans.
Maximum Debt. The total debt of the Partnership at any time shall not exceed sixty percent (60%) of the Partnership's capitalization which, when all Capital Commitments have been fully contributed, shall be $150,000,000 of maximum debt.
