Maximum Unsecured Leverage Ratio. The Unsecured Leverage Ratio shall not exceed sixty percent (60%); provided, however, that for up to two consecutive fiscal quarters following a Material Acquisition, the Unsecured Leverage Ratio may increase to, but may not exceed, sixty-five percent (65%).
Appears in 9 contracts
Samples: Joinder Agreement (Independence Realty Trust, Inc.), Term Loan Agreement (Independence Realty Trust, Inc.), Term Loan Agreement (Independence Realty Trust, Inc.)
Maximum Unsecured Leverage Ratio. The Maintain at all times an Unsecured Leverage Ratio shall of not exceed sixty percent (greater than 60%); provided, however, that for up to two consecutive fiscal quarters following a Material Acquisition, the Unsecured Leverage Ratio may increase to, but may not exceed, sixty-five percent (be increased to 65%)% for the four consecutive fiscal quarters following the fiscal quarter in which a Material Acquisition occurs.
Appears in 8 contracts
Samples: Term Loan Agreement (Easterly Government Properties, Inc.), Credit Agreement (Easterly Government Properties, Inc.), Credit Agreement (Easterly Government Properties, Inc.)
Maximum Unsecured Leverage Ratio. The Maintain at all times an Unsecured Leverage Ratio shall of not exceed sixty percent (greater than 60%); provided, however, that for up to two consecutive fiscal quarters following a Material Acquisition, the Unsecured Leverage Ratio may be increased to 65% for the four consecutive fiscal quarters following the fiscal quarter in which a Material Acquisition occurs (the period during which any such increase to, but may not exceed, sixty-five percent (65%in the Leverage Ratio shall be in effect being called a “Unsecured Leverage Increase Period”). There shall be no more than two Unsecured Leverage Increase Periods prior to the Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Easterly Government Properties, Inc.)
