Maximum Recourse Indebtedness. Recourse Indebtedness of the Parent and the Borrower (excluding Indebtedness under this Agreement and the Existing Revolving Credit Agreement) to exceed ten percent (10%) of Total Asset Value of the Companies.
Maximum Recourse Indebtedness. Borrower shall not permit the sum of all Indebtedness which is recourse to Parent, Borrower, General Partner, or any Subsidiary or Affiliate of any of the foregoing, determined on a consolidated basis, but excluding the Indebtedness evidenced by the 2006 Credit Agreement, to at any time exceed 25% of Gross Asset Value.
Maximum Recourse Indebtedness. The Parent and the Borrower shall not permit the Recourse Indebtedness (excluding the Obligations) to be greater than 10% of Total Asset Value at any time.
Maximum Recourse Indebtedness. As of the last day of any fiscal quarter, Recourse Indebtedness of the Parent and the Borrower (excluding Indebtedness under this Agreement) to exceed fifteen percent (15%) of Total Asset Value of the Companies.
Maximum Recourse Indebtedness. The Credit Parties shall not permit the Total Recourse Indebtedness to Total Assets Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending September 30, 2014, to exceed 25% at any time.
Maximum Recourse Indebtedness. Permit any Consolidated Party to incur Recourse Indebtedness other than (i) the Obligations, (ii) capital leases and purchase money Indebtedness in an aggregate amount not to exceed $5,000,000 and (iii) Recourse Indebtedness (other than the Obligations) in an aggregate amount not to exceed $35,000,000 at such time.
Maximum Recourse Indebtedness. Recourse Indebtedness of the REIT and Borrower (excluding the Obligations) shall not exceed ten percent (10%) of Gross Asset Value on any date of determination.
Maximum Recourse Indebtedness. The aggregate amount of Recourse Indebtedness (excluding the Obligations under the Facility) of the Parent Guarantor, the Borrower, and IR OpCo shall not exceed the aggregate amount of (x) the Indebtedness arising under the Specified Senior Secured Credit Facility and (y) an aggregate amount of up to One Million Dollars ($1,000,000.00) at any one time outstanding. The Parent Guarantor, the Borrower, and IR OpCo shall have no unsecured Indebtedness, except to the permitted pursuant to §8.1 §9.7 Maximum Unhedged Variable Rate Indebtedness . The aggregate amount of Unhedged Variable Rate Indebtedness of Consolidated Group shall not exceed thirty percent (30%) of Gross Asset Value.
Maximum Recourse Indebtedness. Permit any Consolidated Party to incur Recourse Indebtedness other than (i) the Obligations, (ii) capital leases and purchase money Indebtedness in an aggregate amount not to exceed $25,000,000, (iii) at any time prior to the Senior Notes Repayment Date, up to $25,000,000 of Recourse Indebtedness (other than Indebtedness referenced in clauses (i) and (ii) above) and (iv) on and at any time after the Senior Notes Repayment Date, Recourse Indebtedness (other than the Obligations) in an aggregate amount not to exceed five percent (5%) of Consolidated Total Asset Value at such time.
Maximum Recourse Indebtedness. No one in the Consolidated Group shall have any Recourse Indebtedness. §9.6 [Intentionally Omitted].
