Common use of Secured Leverage Ratio Clause in Contracts

Secured Leverage Ratio. As at the end of each fiscal quarter of the Borrower, the Secured Leverage Ratio to exceed 50%; provided that the Secured Leverage Ratio may exceed 50% as of the end of up to four (4) fiscal quarters of the Borrower during the term of this Agreement (whether or not consecutive) so long as such ratio does not exceed 55%.

Secured Leverage Ratio. As at the end of each any fiscal quarter quarter, the ratio of Total Secured Indebtedness to Total Asset Value (the “Secured Leverage Ratio”) to exceed 40%; provided, that the Company may elect that such ratio be permitted to exceed 40% as of the Borrowerlast day of the four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Secured Leverage Ratio to exceed 50%; provided that the Secured Leverage Ratio may exceed 5045% as of the end last day of up to four (4) any fiscal quarters of the Borrower during the term of this Agreement (whether or not consecutive) so long as such ratio does not exceed 55%quarter.

Secured Leverage Ratio. As Permit the ratio of Secured Indebtedness to Total Asset Value as at the end last day of each any period of four consecutive fiscal quarter quarters of the Borrower, the Secured Leverage Ratio Company to exceed 50thirty percent (30%); provided that the Secured Leverage Ratio such ratio may exceed 50% thirty percent (30%) following a Major Acquisition so long as (i) such ratio does not exceed thirty percent (30%) as of the end of up to more than four (4) consecutive fiscal quarters of the Borrower during the term of this Agreement after such Major Acquisition and (whether or not consecutiveii) so long as such ratio does not exceed 55thirty-five percent (35%) as of any such date of determination.

Secured Leverage Ratio. As Permit the ratio of Secured Indebtedness to Total Asset Value as at the end last day of each any period of four consecutive fiscal quarter quarters of the Borrower, the Secured Leverage Ratio Company to exceed 5030%; provided that the Secured Leverage Ratio such ratio may exceed 5030% following a Major Acquisition so long as (i) such ratio does not exceed 30% as of the end of up to more than four (4) consecutive fiscal quarters of the Borrower during the term of this Agreement after such Major Acquisition and (whether or not consecutiveii) so long as such ratio does not exceed 55%35% as of any such date of determination.

Secured Leverage Ratio. As at the end of each any fiscal quarter quarter, the ratio of Total Secured Indebtedness to Total Asset Value (the “Secured Leverage Ratio”) to exceed 40%; provided, that the Company may elect that such ratio be permitted to exceed 40% as of the Borrowerlast day of the four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Secured Leverage Ratio to exceed 50%; provided that the Secured Leverage Ratio may exceed 5045% as of the end last day of up to four (4) any fiscal quarters of the Borrower during the term of this Agreement (whether or not consecutive) so long as such ratio does not exceed 55%.quarter. lii Lineage Logistics, LLC Note Purchase Agreement

Secured Leverage Ratio. As at the end of each any fiscal quarter quarter, the ratio of Total Secured Indebtedness to Total Asset Value (the “Secured Leverage Ratio”) to Lineage Logistics Note Purchase Agreement exceed 40%; provided, that the Company may elect that such ratio be permitted to exceed 40% as of the Borrowerlast day of the four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Secured Leverage Ratio to exceed 50%; provided that the Secured Leverage Ratio may exceed 5045% as of the end last day of up to four (4) any fiscal quarters of the Borrower during the term of this Agreement (whether or not consecutive) so long as such ratio does not exceed 55%quarter.