Maximum Unsecured Leverage TC Clause Samples

Maximum Unsecured Leverage TC. Section 10.10. Maximum Unsecured Leverage" \f C \l "2" . The Issuer and the REIT Guarantor will not permit at any time the Unsecured Leverage Ratio to exceed 0.60 to 1.00; provided that Issuer and the REIT Guarantor may elect to temporarily increase such maximum ratio to 0.65 to 1.00 for four consecutive fiscal quarters following a Material Acquisition, beginning with the fiscal quarter in which such Material Acquisition occurs; provided, however, that in no event may (a) such maximum ratio be increased to 0.65 to 1.00 for more than four consecutive fiscal quarters in any six consecutive fiscal quarter period or (b) the Issuer and the REIT Guarantor make such election more than two times during the term of this Agreement.