Secured Recourse Indebtedness. The Parent shall not permit the ratio of (i) Secured Indebtedness of the Borrower or the Guarantors which is not Nonrecourse Indebtedness to (ii) Gross Asset Value, to exceed 0.25 to 1.00 at any time.
Appears in 2 contracts
Samples: Term Loan Agreement (Pennsylvania Real Estate Investment Trust), Credit Agreement (Pennsylvania Real Estate Investment Trust)
Secured Recourse Indebtedness. The Parent and the Company shall not permit the ratio (expressed as a percentage) of (i) Secured Recourse Indebtedness of the Borrower or the Guarantors which is not Nonrecourse Indebtedness Parent and its Subsidiaries determined on a consolidated basis to (ii) Gross Total Asset Value, to exceed 0.25 to 1.00 10.0% at any time.
Appears in 1 contract
Secured Recourse Indebtedness. The Parent and the Borrower shall not permit the ratio (expressed as a percentage) of (i) Secured Recourse Indebtedness of the Borrower or the Guarantors which is not Nonrecourse Indebtedness Parent and its Subsidiaries determined on a consolidated basis to (ii) Gross Total Asset Value, to exceed 0.25 to 1.00 10.0% at any time.
Appears in 1 contract
Samples: Credit Agreement (Excel Trust, L.P.)
Secured Recourse Indebtedness. The Parent shall not permit the ratio of (i) Secured Indebtedness of the Parent and the Borrower or the Guarantors which that is not Nonrecourse Indebtedness to (ii) Gross Asset Value, to exceed 0.25 0.150 to 1.00 1 at any time.
Appears in 1 contract
Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)
