Maximum Secured Leverage Ratio. The Secured Leverage Ratio shall not exceed forty-five percent (45%).
Appears in 4 contracts
Sources: Credit Agreement (Independence Realty Trust, Inc.), Credit Agreement (Independence Realty Trust, Inc.), Credit Agreement (Independence Realty Trust, Inc.)
Maximum Secured Leverage Ratio. The Secured Leverage Ratio shall not exceed forty percent (40%); provided, however, that for up to two consecutive fiscal quarters following a Material Acquisition, the Secured Leverage Ratio may increase to, but may not exceed, forty-five percent (45%).
Appears in 2 contracts
Sources: Credit Agreement (Independence Realty Trust, Inc.), Credit Agreement (Independence Realty Trust, Inc.)