Maximum Secured Debt. The ratio of (i) Consolidated Secured Debt to (ii) Gross Asset Value, to be greater than 0.40 to 1.00 at any time.
Maximum Secured Debt. As of any date, the ratio of (a) Secured Debt of the Companies, on a consolidated basis, to (b) Total Assets to exceed 0.475 to 1.0.
Maximum Secured Debt. The Borrower will not at any time permit the outstanding balance of Secured Indebtedness to exceed thirty percent (30%) of Total Assets.
Maximum Secured Debt. The Company will not permit the Secured Debt Ratio at any time to exceed 0.70 to 1.00.
Maximum Secured Debt. Permit, as of the last day of each calendar quarter Total Secured Outstanding Indebtedness to exceed 40% of Total Value (or, as of the last day of the four consecutive calendar quarters following the Company’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $500,000,000, 45% of Total Value); provided that in no event may such ratio exceed 40% for more than four consecutive fiscal quarters in any five fiscal quarter period. 134
Maximum Secured Debt. Permit, as of the last day of each calendar quarter the sum of (i) Total Secured Outstanding Indebtedness and (ii) Indebtedness of Subsidiaries permitted under Section 7.11(f)(ii)(D) to exceed 40% of Total Value, with such percentage increasing permanently to 50% upon the acquisition of an entity with total assets of at least $500 million:
Maximum Secured Debt. The Company will not, and will not permit any other Company Party to, directly or indirectly, create, incur, assume or otherwise become directly or indirectly liable with respect to any Secured Indebtedness if the Total Secured Outstanding Indebtedness to Total Asset Value would exceed 40% at the time of such creation, incurrence or assumption. Section 10.7.
Maximum Secured Debt. The Borrower will not at any time permit the ratio of Secured Indebtedness (net of, as of such date of determination, an amount equal to the lesser of (x) the amount of assets that are classified as unrestricted cash and cash equivalents on the consolidated balance sheet of the Borrower in excess of $35,000,000 and (y) the amount of Secured Indebtedness that matures within twenty-four (24) months of such date of determination) to Total Asset Value to exceed thirty-five percent (35%).
Maximum Secured Debt. The aggregate Secured Debt of the Borrower and the Guarantor, tested as of the last day of each Fiscal Quarter, shall at no time exceed the lesser of (i) $350,000,000 or (ii) 60% of total collective Assets of the Borrower and the Guarantor until the earlier of (a) such time as the Borrower shall have received an Investment Grade Rating or (b) June 30, 1997, at and after which time aggregate Secured Debt of the Borrower and the Guarantor, tested as of the last day of each Fiscal Quarter, shall not exceed 40% of total collective Assets of the Borrower and the Guarantor.
Maximum Secured Debt. Borrower and the Consolidated Partnership shall not create, incur, suffer or allow to exist Indebtedness secured in whole or in part by any of its properties (including, without limitation, the Facilities, but excluding, for the purpose of this Section 6.9.C only, the 955 Loan from the calculation of such secured Indebtedness) or other assets which at any time exceeds twenty-five percent (25%) of Consolidated Book Value.
