Maximum Secured Recourse Leverage Ratio. Maintain as of each Test Date a ratio of Secured Recourse Indebtedness to Total Asset Value equal to not more than 10%.
Maximum Secured Recourse Leverage Ratio. Borrower shall not permit the ratio of Total Secured Indebtedness that is Recourse Indebtedness to Total Asset Value to exceed 0.01:1.0 In calculating the financial covenants pursuant to this Section 7.10, any obligations that are secured by Xxxxx described in clause (vi) of the definition of Permitted Liens shall not be deemed to be secured by a mortgage, deed of trust, lien, pledge, encumbrance or other security agreement.
Maximum Secured Recourse Leverage Ratio. Permit Consolidated Secured Recourse Indebtedness as of the last day of each fiscal quarter to exceed the greater of (i) three and one-half percent (3.5%) of Consolidated Total Asset Value as of such date and (ii) $299,000,000.
Maximum Secured Recourse Leverage Ratio. Permit on a Pro Forma Basis the ratio of (i) Total Secured Recourse Indebtedness to (ii) Total Asset Value to exceed 15% at any time on or after March 31, 2016.
Maximum Secured Recourse Leverage Ratio. Total Outstanding Secured Recourse Indebtedness to exceed 5% of Total Asset Value at any time that the Borrower does not have an Investment Grade Rating.
Maximum Secured Recourse Leverage Ratio. Subsection 5.04(a)(vi) shall be waived.
Maximum Secured Recourse Leverage Ratio. As of the last day of each Fiscal Quarter of Postal Realty REIT, the Secured Recourse Leverage Ratio shall not be greater than 0.15 to 1.00.
Maximum Secured Recourse Leverage Ratio. Permit the Maximum Secured Recourse Leverage Ratio to exceed 10% as of any date.
Maximum Secured Recourse Leverage Ratio. Subsection 5.04(a)(vi) shall be modified so that the Total Asset Value is calculated, for each Seasoned Property, based on the Adjusted NOI for such Seasoned Property for the applicable quarter calculated on an Annualized Basis.
Maximum Secured Recourse Leverage Ratio. Maintain as of the last day of each fiscal quarter of the Parent Guarantor, commencing with the fiscal quarter ended March 31, 2024, a ratio of Secured Recourse Indebtedness to Total Asset Value equal to not more than 10%.
