Recourse Indebtedness Ratio. The ratio, expressed as a percentage, of (i) Indebtedness of the Consolidated Group that is Recourse (excluding the Indebtedness under this Agreement and the Loan Documents) to (ii) Total Asset Value shall not exceed ten percent (10%) as of the end of the most recently ended fiscal quarter.
Appears in 2 contracts
Samples: Credit Agreement (New York REIT, Inc.), Credit Agreement (American Realty Capital New York Recovery Reit Inc)
Recourse Indebtedness Ratio. The ratio, expressed as a percentage, of (i) Indebtedness of the Consolidated Group either Guarantor that is Recourse (excluding the Indebtedness under this Agreement and the Loan DocumentsDocuments and Indebtedness under customary carve out guaranties) to (ii) Total Asset Value shall not exceed ten percent (10%) as of the end of the most recently ended fiscal quarter.
Appears in 2 contracts
Samples: Loan Agreement (GTJ REIT, Inc.), Loan Agreement (GTJ REIT, Inc.)
