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.)
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.)
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.)