Maximum Secured Recourse Debt Ratio. The Secured Recourse Debt Ratio is % [and immediately following the Transaction will be %], which is not greater than the maximum Secured Recourse Debt Ratio of 20% required by Section 5.04(a)(ii) of the Credit Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Campus Crest Communities, Inc.), Credit Agreement (Campus Crest Communities, Inc.)
Maximum Secured Recourse Debt Ratio. The Secured Recourse Debt Ratio is % [and immediately following (excluding, for the Transaction will be %]purposes of this covenant, which is not greater than the maximum Secured Recourse Debt Ratio of 20% required by Section 5.04(a)(iiin connection with Hedging Obligations) shall not exceed ten percent (10%) of the Credit AgreementTotal Asset Value.
Appears in 2 contracts
Samples: Credit Agreement (City Office REIT, Inc.), Credit Agreement (City Office REIT, Inc.)
Maximum Secured Recourse Debt Ratio. The Secured Recourse Debt Ratio is % [and immediately following the Transaction will be _____%], which is not greater than the maximum Secured Recourse Debt Ratio of 20% required by Section 5.04(a)(ii) of the Credit Agreement.
Appears in 1 contract
Maximum Secured Recourse Debt Ratio. The Secured Recourse Debt Ratio is ___% [and immediately following the Transaction will be ___%], which is not greater than the maximum Secured Recourse Debt Ratio of 20% required by Section 5.04(a)(ii) of the Credit Agreement.
Appears in 1 contract
Samples: Security Agreement (Campus Crest Communities, Inc.)
Maximum Secured Recourse Debt Ratio. The Secured Recourse Debt Ratio is % [and immediately following the Transaction will be 0.00%], which is not greater than the maximum Secured Recourse Debt Ratio of 20% required by Section 5.04(a)(ii) of the Credit Agreement.
Appears in 1 contract
