Maximum Secured Recourse Indebtedness. Total Indebtedness that is Secured Recourse Indebtedness to be in excess of fifteen percent (15%) of Total Asset Value at any time.
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Samples: Revolving Credit and Term Loan Agreement (Agree Realty Corp), Term Loan Agreement (Agree Realty Corp), Term Loan Agreement (Agree Realty Corp)
Maximum Secured Recourse Indebtedness. Total Secured Indebtedness that is Secured Recourse Indebtedness to be in excess of fifteen percent (15%) exceed 10% of Total Asset Value at any timeas of such date.
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