Total Indebtedness Ratio. The Borrower will not permit the Total Indebtedness Ratio on any date to be greater than the ratio set forth below opposite the period during which such date falls: From the Fourth Restatement Effective Date through and including June 29, 2010 7.50 to 1.00 From June 30, 2010 through and including December 30, 2012 7.25 to 1.00 From December 31, 2012 and at all times thereafter 7.00 to 1.00.
Total Indebtedness Ratio. The Borrower will not permit the Total Indebtedness Ratio on any date to be greater than 7.00 to 1.00.
Total Indebtedness Ratio. Each Obligor will not permit the Total Indebtedness Ratio on the last day of any fiscal quarter to exceed 3 to 1.
Total Indebtedness Ratio. The Borrower will not permit the Total Indebtedness Ratio as at the last day of any fiscal quarter of the Borrower to exceed the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Total Indebtedness Ratio March 31, 2017 6.00 to 1.00 June 30, 2017 6.00 to 1.00 September 30, 2017 6.00 to 1.00 December 31, 2017 6.00 to 1.00 March 31, 2018 4.75 to 1.00 June 30, 2018 4.75 to 1.00 September 30, 2018 4.75 to 1.00 December 31, 2018 4.75 to 1.00 March 31, 2019 3.75 to 1.00 June 30, 2019 3.75 to 1.00 September 30, 2019 3.75 to 1.00 December 31, 2019 3.75 to 1.00 March 31, 2020 and each fiscal quarter ending thereafter 3.50 to 1.00
Total Indebtedness Ratio. Permit, at the last day of any Test Period, the ratio of (i) Total Indebtedness as of such day to (ii) Gross Asset Value as of such day to exceed 0.60 to 1.00 (or 0.65 to 1.00 for a period not to exceed 270 consecutive days in the event that during the applicable period Kimco or one of the Consolidated Entities has incurred Indebtedness in connection with Major Acquisitions).
Total Indebtedness Ratio. Permit, at the last day of any Test Period, the ratio of (i) Total Indebtedness as of such day to (ii) Gross Asset Value as of such day to exceed 0.60 to 1.00 (or 0.65 to 1.00 for a period not to exceed 270 consecutive days in the event that during the applicable period Kimco or one of the Consolidated Entities has incurred Indebtedness in connection with Major Acquisitions); provided that for the purpose of determining the foregoing ratio, there shall be excluded from the amount of Total Indebtedness the amount of Total Indebtedness that matures by its terms within 24 months after such date of determination, such exclusion to be limited, however, to the excess of (i) the Dollar Equivalent of the aggregate amount of Unrestricted cash then held by Kimco and the Consolidated Entities over (ii) $35,000,000.
Total Indebtedness Ratio. Each Obligor will not permit the Total Indebtedness Ratio to exceed the following respective ratios at any time during the following respective periods: to but excluding December 31, 2013 5.50 to 1 and at all times thereafter 5.00 to 1
Total Indebtedness Ratio. (Section 7.1(a))
(a) Total Indebtedness: (without duplication of letter of credit obligations)
(b) Gross Asset Value
(i) Total EBITDA
1. Consolidated Net Income
Total Indebtedness Ratio. The Borrower will not permit the Total Indebtedness Ratio as at the last day of any fiscal quarter to exceed the ratio set forth below opposite such fiscal quarter: Solely for the purpose of calculating compliance with the Total Indebtedness Ratio set forth in this Section 6.05(a) (and not for any other purpose under this Agreement), to the extent the Borrower contributes cash (the amount of such cash contributed by the Borrower, the “Cash Contribution”) into a segregated reserve account (the “Reserve Account”) maintained by a Revolving Facility Lender, the amount of Indebtedness of the Borrower and its Subsidiaries constituting Total Indebtedness shall be reduced by the amount of such Cash Contribution; provided that immediately after giving pro forma effect to such Cash Contribution the amount of the Borrower and its Subsidiaries’ cash on hand for operations (excluding the Cash Contribution) exceeds $2 billion. Such Cash Contribution may only be removed from the Reserve Account if the Borrower is in pro forma compliance with the financial covenant in this Section 6.05(a) after giving effect to the removal of such proceeds (and any applicable increase in Total Indebtedness).
Total Indebtedness Ratio. The Company will not permit at any time the ratio of (a) Total Indebtedness to (b) Net Worth to exceed 2.0:1.
