Maximum Secured Recourse Debt Ratio. The Borrower will not at any time permit the ratio of Consolidated Total Secured Recourse Indebtedness to Consolidated Total Asset Value (expressed as a percentage) to exceed fifteen percent (15%).
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Samples: Credit Agreement (Global Net Lease, Inc.), Credit Agreement (Global Net Lease, Inc.), Credit Agreement (Global Net Lease, Inc.)
Maximum Secured Recourse Debt Ratio. The Borrower will not at any time permit the ratio (expressed as a percentage) of Consolidated Total Secured Recourse Indebtedness to Consolidated Total Asset Value (expressed as a percentage) to exceed fifteen ten percent (1510%).
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