Common use of Mortgage Secured Leverage Ratio Clause in Contracts

Mortgage Secured Leverage Ratio. Permit the ratio of Mortgage Secured Indebtedness to Total Asset Value as at the last day of any period of four consecutive fiscal quarters of the Borrower or on the date of any incurrence of Indebtedness by the Borrower or its Subsidiaries to exceed 25%.

Mortgage Secured Leverage Ratio. Permit the The ratio of Mortgage Secured Indebtedness to Total Asset Value as [at the last day of any period of the four consecutive fiscal quarters prior to the execution of the Borrower or this certificate] [or] [on the date of any incurrence of Indebtedness by the Borrower or its Subsidiaries to Subsidiaries] does not exceed 25%.

Mortgage Secured Leverage Ratio. Permit the The ratio of Mortgage Secured Indebtedness to Total Asset Value as [at the last day of any period of the four consecutive fiscal quarters prior to the execution of the Borrower or this certificate] [or] [on the date of any incurrence of Indebtedness by the Borrower or its Subsidiaries to Subsidiaries] does not exceed 2520%.

Mortgage Secured Leverage Ratio. Permit the ratio of Mortgage Secured Indebtedness to Total Asset Value as at the last day of any period of four consecutive fiscal quarters of the Borrower or on the date of any incurrence of Indebtedness by the Borrower or its Subsidiaries to exceed 2520%.