Secured Indebtedness. The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries to (ii) Total Asset Value to be greater than 0.40 to 1.00 at any time.
Appears in 27 contracts
Samples: Credit Agreement (Service Properties Trust), Credit Agreement (Office Properties Income Trust), Credit Agreement (Diversified Healthcare Trust)
Secured Indebtedness. The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries to (ii) Total Asset Value to be greater than 0.40 0.350 to 1.00 at any time.
Appears in 11 contracts
Samples: Term Loan Agreement (Government Properties Income Trust), Term Loan Agreement (Select Income REIT), Term Loan Agreement (Hospitality Properties Trust)
Secured Indebtedness. The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries to (ii) Total Asset Value to be greater than 0.40 to 1.00 at any time.
(bb) The Credit Agreement is hereby further amended by restating Section 9.1.(d) thereof in its entirety as follows:
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Secured Indebtedness. The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries to (ii) Total Asset Value Value, to be greater than 0.40 0.25 to 1.00 at any time. In addition, the Borrower will not permit the ratio of (x) Secured Indebtedness (other than Nonrecourse Indebtedness) of the Borrower and its Subsidiaries to (y) Total Asset Value, to be greater than 0.10 to 1.00 at any time.
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Secured Indebtedness. The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower Parent and its Subsidiaries to (ii) Total Asset Value to be greater than 0.40 to 1.00 at any time.
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Secured Indebtedness. The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries to (ii) Total Asset Value Value, to be greater than 0.40 0.35 to 1.00 at any time.
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