Maximum Total Indebtedness. (a) Permit at any time Consolidated Total Indebtedness to be more than 57.5% of Adjusted Consolidated Total Assets at such time, or
Appears in 3 contracts
Samples: Secured Term Loan Agreement (New Plan Excel Realty Trust Inc), Revolving Credit Agreement (New Plan Excel Realty Trust Inc), Secured Term Loan Agreement (New Plan Excel Realty Trust Inc)
Maximum Total Indebtedness. (a) Permit at any time either (i) all Consolidated Total Indebtedness at such time to be more than 57.555% of Adjusted Consolidated Total Assets Capital at such time, oror (ii) the Consolidated Total Indebtedness secured by mortgages on Real Property owned by the Borrower and its Subsidiaries at such time to exceed 40% of Total Capital at such time.
Appears in 3 contracts
Samples: Term Loan Agreement (New Plan Excel Realty Trust Inc), Credit Agreement (New Plan Excel Realty Trust Inc), Credit Agreement (New Plan Excel Realty Trust Inc)
Maximum Total Indebtedness. Permit either (ai) Permit the total indebtedness of the Borrower, as determined in accordance with GAAP, at any time Consolidated Total Indebtedness to be more than 57.550% of Adjusted Consolidated Total Assets Capital at such time, oror (ii) the indebtedness of the Borrower secured by mortgages on Real Property owned by the Borrower at any time to exceed 40% of Total Capital at such time.
Appears in 2 contracts
Samples: New Plan Realty Trust, New Plan Excel Realty Trust Inc
Maximum Total Indebtedness. Permit either (ai) Permit the total indebtedness of the Borrower and its Subsidiaries, determined on a Consolidated basis, as determined in accordance with GAAP, at any time Consolidated Total Indebtedness to be more than 57.550% of Adjusted Consolidated Total Assets Capital at such time, oror (ii) the indebtedness of the Borrower and its Subsidiaries, determined on a Consolidated basis, secured by mortgages on Real Property owned by the Borrower and its Subsidiaries at any time to exceed 40% of Total Capital at such time.
Appears in 1 contract
Maximum Total Indebtedness. (a) Permit at any time Consolidated Total Indebtedness to be more than 57.5% of Adjusted Consolidated Total Assets at such time, ; or
Appears in 1 contract
Samples: Revolving Credit Agreement (New Plan Excel Realty Trust Inc)
