Maximum Unencumbered Leverage Clause Samples
Maximum Unencumbered Leverage. The Unencumbered Pool Leverage shall not exceed sixty percent (60%).
Maximum Unencumbered Leverage. The ratio of (i) Unsecured Indebtedness of the Parent and its Subsidiaries determined on a consolidated basis to (ii) the Unencumbered Property Pool Value, to exceed 0.65 to 1.00 at any time.
Maximum Unencumbered Leverage. Total Outstanding Unsecured Indebtedness (including all outstanding Indebtedness under this Agreement) minus all Unrestricted Cash and cash from like-kind exchanges (the “Unencumbered Leverage Ratio”) to exceed sixty-five percent (65%) of the Unencumbered Asset Value.