Maximum Permitted Investments. Calculated on a Consolidated basis with respect to EPR, at any time, the ratio of: (A) Investments in the aggregate sum of: (i) Investments in unimproved real estate (including cost of land under development), which such Investment is in the form of a fee, leasehold or mortgage interest; (ii) Investments in construction (total budgeted cost, excluding cost of land); and (iii) Investments in unconsolidated subsidiaries, to (B) Total Asset Value, shall not at any time exceed 25%.
Maximum Permitted Investments. (i) The aggregate amount of Investments in unimproved land and Development Assets (including such assets that such Person has contracted to purchase for development with or without options to terminate the purchase agreement but, in such instances, limited solely to non-refundable deposits under such contracts and, to the extent a Loan Party is obligated under any such contract, the amount of such obligation), calculated on the basis of the greater of actual cost or budgeted cost is % and % of Total Asset Value, respectively, and does not exceed 10% and 20%, respectively, of Total Asset Value as required by Section 5.02(f)(iv)(A) of the Credit Agreement.
Maximum Permitted Investments. Calculated on a Consolidated basis with respect to EPR, at any time the ratio of: (A) Investments in notes, mortgages and unimproved real estate (including cost of land under development), in the aggregate, to Total Asset Value shall not exceed 10%; (B) Investments in construction (total budgeted cost, excluding cost of land) to Total Asset Value shall not exceed 15%; (C) Investments in unconsolidated subsidiaries to Total Asset Value, shall not exceed 10%; and (D) Investments in the aggregate of (A) through (C) to Total Asset Value shall not exceed 25%.
Maximum Permitted Investments. Calculated on a Consolidated basis with respect to the Borrower, at any time, the ratio of: (A) Investments in the aggregate sum (without duplication) of: (i) Investments in unimproved real estate (including Cost of land held for development), which such Investment is in the form of a fee, leasehold or mortgage interest; (ii) Investments in construction which is not pre-leased (total budgeted cost, including cost of land); (iii) Investments in mortgage loans secured by real estate (other than EPR Senior Property Loans), and (iv) Investments in unconsolidated subsidiaries, to (B) Total Asset Value, shall not at any time exceed 25%; provided, that any violation of the foregoing limitations in this (c) shall not constitute a Default or Event of Default but shall result in the exclusion from the calculation of Total Asset Value of the aggregate value of the Investments described in (A) above in excess of 25% of Total Asset Value.
Maximum Permitted Investments. Suffer or permit investments in (i) notes or mortgages or (ii) unimproved real estate to exceed 5% of Capitalized Value in each case.
Maximum Permitted Investments. (i) Annual permitted investments in undeveloped land, developments and non-Controlling Joint Ventures to be limited, on an individual basis, to no greater than (x) 5% of Total Asset Value in the case of undeveloped land, (y) 5% of Total Asset Value in the case of developments and (z) 15% of Total Asset Value in the case of non-Controlling Joint Ventures and (ii) annual permitted investments in undeveloped land, developments Credit Agreement and non-Controlling Joint Ventures to be limited, on an aggregate basis, to no greater than 25% of Total Asset Value.
Maximum Permitted Investments. (Section 7.1(f))
Maximum Permitted Investments. See ss.9.4 herein.
Maximum Permitted Investments. Suffer or permit investments in notes, mortgages and unimproved real estate to exceed 5% of Capitalized Value in the aggregate.
Maximum Permitted Investments ss.9.5.....
