Maximum Unsecured Leverage Ratio. Total Unsecured Indebtedness minus all Unrestricted Cash and cash from like-kind exchanges to exceed 60% of Unencumbered Asset Value; provided that such ratio may exceed 60% but shall not exceed 62.5% for a period of up to the first four (4) consecutive fiscal quarters of the Borrower ending after a Major Acquisition.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Brixmor Operating Partnership LP), Term Loan Agreement (Brixmor Operating Partnership LP)
Maximum Unsecured Leverage Ratio. Total Unsecured Indebtedness minus all Unrestricted Cash and cash from like-kind exchanges to exceed 60% of Unencumbered Asset Value; provided that such ratio may exceed 60% but shall not exceed 62.565% for a period of up to the first four (4) consecutive fiscal quarters of the Borrower ending after a Major Acquisition.
Appears in 2 contracts
Samples: Term Loan Agreement (Brixmor Operating Partnership LP), Revolving Credit and Term Loan Agreement (Brixmor Operating Partnership LP)
Maximum Unsecured Leverage Ratio. Total Unsecured Indebtedness minus all Unrestricted Cash and cash from like-kind exchanges to exceed 60% of Unencumbered Asset Value; provided that such ratio may exceed 60% but shall not exceed 62.5% for a period of up to the first four (4) consecutive fiscal quarters of the Borrower ending after a Major Acquisition.
Appears in 2 contracts
Samples: Term Loan Agreement (Brixmor Property Group Inc.), Revolving Credit and Term Loan Agreement (Brixmor Property Group Inc.)
Maximum Unsecured Leverage Ratio. Total Permit the ratio of Consolidated Unsecured Indebtedness minus all Unrestricted Cash and cash from like-kind exchanges to Unencumbered Asset Value to exceed 60% as of Unencumbered Asset Value; provided that such ratio may exceed 60% but shall not exceed 62.5% for a period of up to the first four (4) consecutive fiscal quarters of the Borrower ending after a Major Acquisitionany date.
Appears in 2 contracts
Samples: Credit Agreement (Paramount Group, Inc.), Credit Agreement (Paramount Group, Inc.)
Maximum Unsecured Leverage Ratio. Total Unsecured Indebtedness minus all Unrestricted Cash and cash from like-kind exchanges to exceed 60% of Unencumbered Asset Value; provided that such ratio may exceed 60% but shall not exceed 62.565% for a period of up to the first four (4) consecutive fiscal quarters of the Borrower ending after a Major AcquisitionAcquisition (including the fiscal quarter in which such Major Acquisition first occurred).
Appears in 2 contracts
Samples: Term Loan Agreement (Brixmor Operating Partnership LP), Revolving Credit Agreement (Brixmor Operating Partnership LP)
Maximum Unsecured Leverage Ratio. Total Unsecured Indebtedness minus all Unrestricted Cash and cash from like-kind exchanges to exceed 60% of Unencumbered Asset Value; provided that such ratio may exceed 60% but shall not exceed 62.565% for a period of up to the first four (4) consecutive fiscal quarters of the Borrower ending after a Major Acquisition.β
Appears in 1 contract
Samples: Term Loan Agreement (Brixmor Operating Partnership LP)
