Relationship of Secured Indebtedness to Capitalization Value. At any time, Secured Indebtedness to exceed 40% of Capitalization Value.
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Samples: Revolving Loan Agreement (Avalonbay Communities Inc), Term Loan Agreement (Avalonbay Communities Inc), Revolving Loan Agreement (Avalonbay Communities Inc)
Relationship of Secured Indebtedness to Capitalization Value. At any time, Secured Indebtedness to exceed 40% thirty percent (30%) of Capitalization Value.Value (it being understood that, for purposes of this covenant, all margin debt on cash and cash equivalent securities shall be excluded from Secured Indebtedness); or
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Relationship of Secured Indebtedness to Capitalization Value. At any time, Secured Indebtedness to exceed 40% thirty-five percent (35%) of Capitalization Value.; or
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