Common use of Maximum Total Liabilities to Gross Asset Value Clause in Contracts

Maximum Total Liabilities to Gross Asset Value. Total Liabilities at the end of each calendar quarter shall not exceed 60% of Gross Asset Value at such time; provided, however, that if at the end of any calendar quarter, for up to four calendar quarters during the term of this Agreement, Total Liabilities exceed 60% of Gross Asset Value but are less than 65% of Gross Asset Value then Total Liabilities at the end of each such calendar quarter may exceed 60%, but shall not exceed 65%, of Gross Asset Value at such time.

Maximum Total Liabilities to Gross Asset Value. Total Liabilities at the end of each calendar quarter shall not exceed 60% of Gross Asset Value at such time; provided, however, that if at the end of any calendar quarter, for up to four calendar quarters during the term of this Agreement, Total Liabilities exceed 60% of Gross Asset Value but are less than 65% of Gross Asset Value then Total Liabilities at the end of each such calendar quarter may exceed 60fifty percent (50%, but shall not exceed 65%, ) of Gross Asset Value at such time.

Maximum Total Liabilities to Gross Asset Value. Total Liabilities at the end of each calendar quarter shall not exceed 60% of Gross Asset Value at such time; provided, however, that if at the end of any calendar quarter, for up to four calendar quarters during the term of this Agreement, Total Liabilities exceed 60% of Gross Asset Value but are less than 65% of Gross Asset Value then Total Liabilities at the end of each such calendar quarter may exceed 60fifty-five percent (55%, but shall not exceed 65%, ) of Gross Asset Value at such time.

Maximum Total Liabilities to Gross Asset Value. Total Liabilities at the end of each calendar quarter shall not exceed 60% of Gross Asset Value at such time; provided, however, that if at the end of any calendar quarter, for up to four calendar quarters during the term of this Agreement, Total Liabilities exceed 60% of Gross Asset Value but are less than 65% of Gross Asset Value then Total Liabilities at the end of each such calendar quarter may exceed 60%, but shall not exceed 65%, of Gross Asset Value at such time.

Maximum Total Liabilities to Gross Asset Value. Total Liabilities at the end of each calendar quarter shall not exceed 60% of Gross Asset Value at such time; provided, however, that if at the end of any calendar quarter, for up to four calendar quarters during the term of this Agreement, Total Liabilities exceed 60% of Gross Asset Value but are less than 65% of Gross Asset Value then Total Liabilities at the end of each such calendar quarter may exceed 60fifty-five percent (55%, but shall not exceed 65%, ) of Gross Asset Value at such time."