Common use of Maximum Leverage Clause in Contracts

Maximum Leverage. Permit, as of the last day of such calendar quarter, the Leverage Ratio to exceed 60% (or, as of the last day of the two consecutive calendar quarters following the Company’s acquisition of an entity with total assets of at least $500 million, 65%).

Appears in 3 contracts

Samples: Credit Agreement (W P Carey & Co LLC), Credit Agreement (W P Carey & Co LLC), Term Loan Credit Agreement (W. P. Carey Inc.)

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Maximum Leverage. Permit, as of the last day of such each calendar quarter, the Leverage Ratio to exceed 60% (or, as of the last day of the two four consecutive calendar quarters following the Company’s acquisition acquisition, pursuant to one transaction or a series of an entity related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $500 million500,000,000, 65%); provided that in no event may the Leverage Ratio exceed 60% for more than four consecutive fiscal quarters in any five fiscal quarter period.

Appears in 3 contracts

Samples: Credit Agreement (W. P. Carey Inc.), Credit Agreement (W. P. Carey Inc.), Credit Agreement (W. P. Carey Inc.)

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Maximum Leverage. Permit, as of the last day of such calendar quarter, the Leverage Ratio to exceed 60% (or, as of the last day of the two consecutive calendar quarters following (x) the consummation of the Acquisition or (y) the Company’s acquisition acquisition, pursuant to one transaction or a series of an entity related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $500 million, 65%).

Appears in 1 contract

Samples: Credit Agreement (W. P. Carey Inc.)

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