Total Debt to Total Asset Value. The Borrower shall not permit the ratio of Total Debt to Total Asset Value of Borrower to exceed 0.60:1 at any time; provided, however, that with respect to any Fiscal Quarter in which Borrower acquired any Real Property Assets, the ratio of Total Debt to Total Asset Value of Borrower for such Fiscal Quarter and for the next succeeding Fiscal Quarter may exceed 0.60:1, provided that such ratio in no event shall exceed 0.65:1, and provided, further, that thereafter such ratio shall not exceed 0.60:1.
Appears in 3 contracts
Samples: Credit Agreement (Eop Operating LTD Partnership), Credit Agreement (Eop Operating LTD Partnership), Credit Agreement (Equity Office Properties Trust)
Total Debt to Total Asset Value. The Borrower shall not permit the ratio of Total Debt to Total Asset Value of Borrower to exceed 0.60:1 at any time; provided, however, that with respect to any Fiscal Quarter in which Borrower acquired any Real Property Assets, the ratio of Total Debt to Total Asset Value of Borrower for such Fiscal Quarter and for the next succeeding Fiscal Quarter may exceed 0.60:1, provided that such ratio in no event shall exceed 0.65:1, and provided, further, that thereafter such ratio shall not exceed 0.60:1.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Eop Operating LTD Partnership), Revolving Credit Agreement (Eop Operating LTD Partnership)
