Maximum Secured Debt Leverage Ratio. Maintain as of each Test Date occurring during any of the periods indicated below, a Secured Debt Leverage Ratio of not greater than the correlative ratio indicated: Period Secured Debt Leverage Ratio Closing Date through and including December 31, 2015 50% January 1, 2016 and thereafter 45%
Appears in 3 contracts
Samples: Credit Agreement (Hersha Hospitality Trust), Term Loan Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust)
Maximum Secured Debt Leverage Ratio. Maintain as of each Test Date occurring during any of the periods indicated belowDate, a Secured Debt Leverage Ratio of not greater than the correlative ratio indicated: Period Secured Debt Leverage Ratio Closing Date through and including December 31, 2015 50% January 1, 2016 and thereafter 45%.
Appears in 3 contracts
Samples: Term Loan Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust), Term Loan Agreement (Hersha Hospitality Trust)
Maximum Secured Debt Leverage Ratio. Maintain as of each Test Date occurring during any of the periods indicated below, a Secured Debt Leverage Ratio of not greater than the correlative ratio indicated: Period Secured Debt Leverage Ratio Closing Date through and including December 31September 30, 2015 2013 55% October 1, 2013 through and including September 30, 2014 50% January October 1, 2016 2014 and thereafter 45%
Appears in 1 contract
Maximum Secured Debt Leverage Ratio. Maintain as of each Test Date occurring during any of the periods indicated below, a Secured Debt Leverage Ratio of not greater than the correlative ratio indicated: Period indicated:45%. 106 Period Secured Debt Leverage Ratio Closing Date through and including December 31, 2015 50% January 1, 2016 and thereafter 45%%
Appears in 1 contract
Maximum Secured Debt Leverage Ratio. Maintain as of each Test Date occurring during any of the periods indicated below, a Secured Debt Leverage Ratio of not greater than the correlative ratio indicated: Period indicated:45%. Period Secured Debt Leverage Ratio Closing Date through and including December 31, 2015 50% January 1, 2016 and thereafter 45%%
Appears in 1 contract