Common use of Total Debt Leverage Ratio Clause in Contracts

Total Debt Leverage Ratio. Consolidated Total Indebtedness as of such fiscal quarter end of the Borrower is $_______________ and Gross Asset Value is $_______________. Accordingly, as at such quarter end of the Borrower, Consolidated Total Indebtedness at such time is [more than] [less than] 60% of Gross Asset Value at such time. [Consolidated Total Indebtedness at each fiscal quarter end of the Borrower must not be more than 60% of Gross Asset Value.]

Appears in 2 contracts

Sources: Credit Agreement (Urstadt Biddle Properties Inc), Credit Agreement (Urstadt Biddle Properties Inc)

Total Debt Leverage Ratio. Consolidated Total Indebtedness as of such fiscal quarter end of the Borrower is $_______________ and Gross Asset Value is $_______________. Accordingly, as at such quarter end of the Borrower, Consolidated Total Indebtedness at such time is [more than] [less than] 6050% of Gross Asset Value at such time. [Consolidated Total Indebtedness at each fiscal quarter end of the Borrower must not be more than 6050% of Gross Asset Value.]

Appears in 1 contract

Sources: Credit Agreement (Urstadt Biddle Properties Inc)

Total Debt Leverage Ratio. Consolidated Total Indebtedness as of such fiscal quarter end of the Borrower is $_______________ and Gross Asset Value is $_______________. Accordingly, as at such quarter end of the Borrower, Consolidated Total Indebtedness at such time is [more than] [less than] 6055% of Gross Asset Value at such time. [Consolidated Total Indebtedness at each fiscal quarter end of the Borrower must not be more than 6055% of Gross Asset Value.]

Appears in 1 contract

Sources: Credit Agreement (Urstadt Biddle Properties Inc)