Secured Leverage Ratio. As at the end of any fiscal 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 last day of the four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Secured Leverage Ratio exceed 45% as of the last day of any fiscal quarter.
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Samples: Note Purchase Agreement (Lineage, Inc.), Note Purchase Agreement (Lineage, Inc.), Note Purchase Agreement (Lineage, Inc.)
Secured Leverage Ratio. As at the end of any each fiscal quarterquarter of the Borrower, the ratio of Total Secured Indebtedness to Total Asset Value (the “Secured Leverage Ratio”) Ratio to exceed 4050%; provided, provided that the Company Secured Leverage Ratio may elect that such ratio be permitted to exceed 4050% as of the last day end of the up to four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Secured Leverage Ratio exceed 45% as of the last day Borrower during the term of any fiscal quarterthis Agreement (whether or not consecutive) so long as such ratio does not exceed 55%.
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Samples: Revolving Credit and Term Loan Agreement (Taubman Centers Inc), Revolving Credit and Term Loan Agreement (Taubman Centers Inc), Term Loan Agreement (Taubman Centers Inc)
Secured Leverage Ratio. As at the end of any fiscal quarter, Permit 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 at the last day of any period of four consecutive fiscal quarters of the Company to exceed thirty percent (30%); provided that such ratio may exceed thirty percent (30%) following a Major Acquisition so long as (i) such ratio does not exceed thirty percent (30%) as of the end of more than four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Secured Leverage Ratio after such Major Acquisition and (ii) such ratio does not exceed 45% thirty-five percent (35%) as of the last day any such date of any fiscal quarterdetermination.
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Samples: Credit Agreement (Healthcare Trust of America Holdings, LP), Credit Agreement (Healthcare Trust of America Holdings, LP)
Secured Leverage Ratio. As at the end of any fiscal quarter, Permit the ratio of Total Secured Indebtedness to Total Asset Value (as at the “Secured Leverage Ratio”) last day of any period of four consecutive fiscal quarters of the Company to exceed 4030%; provided, that the Company may elect provided that such ratio be permitted to may exceed 4030% following a Major Acquisition so long as (i) such ratio does not exceed 30% as of the last day end of the more than four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Secured Leverage Ratio after such Major Acquisition and (ii) such ratio does not exceed 4535% as of the last day any such date of any fiscal quarterdetermination.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Healthcare Trust of America Holdings, LP), Revolving Credit and Term Loan Agreement (Healthcare Trust of America Holdings, LP)
Secured Leverage Ratio. As at the end of any fiscal 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 last day of the four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Secured Leverage Ratio exceed 45% as of the last day of any fiscal quarter.
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Secured Leverage Ratio. As at the end of any fiscal 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 last day of the four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Secured Leverage Ratio exceed 45% as of the last day of any fiscal quarter.. lii Lineage Logistics, LLC Note Purchase Agreement
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