Maximum Secured Debt to Total Asset Value Ratio. As of the last day of each Fiscal Quarter of the Borrower, the Borrower shall not permit the ratio of Secured Debt to Total Asset Value to be greater than (i) from the Closing Date through and including the Fiscal Quarter ending December 31, 2013, 0.55 to 1.00, (ii) commencing with the Fiscal Quarter ending March 31, 2014 through and including the Fiscal Quarter ending December 31, 2014, 0.50 to 1.00, and (iii) commencing with the Fiscal Quarter ending March 31, 2015 and at all times thereafter, 0.45 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Whitestone REIT), Credit Agreement (Whitestone REIT Operating Partnership, L.P.)
Maximum Secured Debt to Total Asset Value Ratio. As of the last day of each Fiscal Quarter of the Borrower, the Borrower shall not permit the ratio of Secured Debt to Total Asset Value to be greater than (i) from the Closing Date through and including the Fiscal Quarter ending December 31, 20132012, 0.55 to 1.00, 1.00 and (ii) commencing with the Fiscal Quarter ending March 31, 2014 through and including the Fiscal Quarter ending December 31, 2014, 0.50 to 1.00, and (iii) commencing with the Fiscal Quarter ending March 31, 2015 2013 and at all times thereafter, 0.45 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Whitestone REIT Operating Partnership, L.P.), Credit Agreement (Whitestone REIT)
