Maximum Secured Indebtedness. Maintain the ratio of Secured Indebtedness to Gross Asset Value at a level equal to or less than 40% at all times thereafter.
Appears in 3 contracts
Samples: Credit Agreement (CNL Healthcare Properties, Inc.), Term Loan Agreement (CNL Healthcare Properties, Inc.), Credit Agreement (CNL Healthcare Properties, Inc.)
Maximum Secured Indebtedness. Maintain the ratio of Secured Indebtedness to Gross Asset Value at a level equal to or less than than: (i) 45% from July 1, 2015 through December 31, 2015; and (ii) 40% at all times thereafter.
Appears in 1 contract
Samples: Term Loan Agreement (CNL Healthcare Properties, Inc.)
