Total Liabilities to Total Asset Value. The Borrower shall not permit the ratio of Total Liabilities to Total Asset Value of Borrower to exceed 0.55:1 at any time.
Total Liabilities to Total Asset Value. AMB LP shall not permit the ratio of Total Liabilities to Total Asset Value of AMB LP to exceed 0.60:1 at any time; provided, however, such ratio may exceed 0.60:1 for any two (2) consecutive quarters but in no event shall AMB LP permit the ratio of Total Liabilities to Total Asset Value to exceed 0.65:1 at any time.
Total Liabilities to Total Asset Value. Borrower shall not permit the ratio of Total Liabilities to Total Asset Value of Borrower to exceed 0.60:1 at any time; provided, however, such ratio may exceed 0.60:1 for any two (2) consecutive quarters but in no event shall Borrower permit the ratio of Total Liabilities to Total Asset Value to exceed 0.65:1 at any time.
Total Liabilities to Total Asset Value. Borrower shall not permit the ratio of Total Liabilities to Total Asset Value of Borrower to exceed 0.60:1 at any time; provided, however, that in connection with a Material Acquisition, for the four (4) consecutive quarters following such Material Acquisition, Total Liabilities may exceed sixty percent (60%) of Total Asset Value, but in no event exceed sixty-five percent (65%) of Total Asset Value. For purposes of this covenant, (i) Total Liabilities shall be adjusted by deducting therefrom an amount equal to the lesser of (x) Total Liabilities that by its terms are scheduled to mature on or before the date that is 24 months from the date of calculation, and (y) Unrestricted Cash or Cash Equivalents, and (ii) Total Asset Value shall be adjusted by deducting therefrom the amount by which Total Liabilities is adjusted under clause (i).
Total Liabilities to Total Asset Value. The Borrower shall not permit the ratio of Total Liabilities to Total Asset Value of Borrower to exceed 0.50:1 at any time except for the twelve (12) month period described in the following sentence. During the twelve (12) month period following the closing of the Identified Merger or Acquisition, Borrower shall not permit the ratio of Total Liabilities to Total Asset Value of the Borrower to exceed 0.55:1. As used in this Agreement, the term "Identified Merger or Acquisition" shall mean the first merger or acquisition by Borrower or any Subsidiary which Borrower has designated in writing to the Administrative Agent as the Identified Merger or Acquisition at least thirty (30) days prior to the closing of such merger or acquisition and for which Borrower has, prior to the closing of such merger or acquisition, provided the Administrative Agent with Borrower's projections for the twelve (12) month period following such merger or acquisition, after giving effect to such merger or acquisition, outlining in reasonable detail the anticipated performance of Borrower during such twelve (12) month period and anticipated compliance with the requirements of Section 5.8 hereof during such twelve (12) month period.
Total Liabilities to Total Asset Value. The ratio of Total Liabilities to Total Asset Value of Borrower shall not exceed 0.55:1 at any time.
Total Liabilities to Total Asset Value. The ratio of Total -------------------------------------- Liabilities to Total Asset Value shall not exceed 0.50:1.
Total Liabilities to Total Asset Value. As of the last day of each -------------------------------------- calendar quarter, the Total Debt Ratio will not be greater than 50%.
Total Liabilities to Total Asset Value. Prior to June 30, 1998, Borrower shall not permit the ratio of Total Liabilities to Total Asset Value of Borrower to exceed 0.55:1 at any time. From and after July 1, 1998, Borrower shall not permit the ratio of Total Liabilities to Total Asset Value of Borrower to exceed 0.50:1 at any time.
Total Liabilities to Total Asset Value. AMB LP shall not permit the ratio of Total Liabilities to Total Asset Value of AMB LP to exceed 0.60:1 at any time; provided, however, that, in connection with a Material Acquisition, for the four (4) consecutive quarters following such Material Acquisition, Total Liabilities may exceed sixty percent (60%) of Total Asset Value, but in no event exceed sixty-five percent (65%) of Total Asset Value. For purposes of this covenant,
(i) Total Liabilities shall be adjusted by deducting therefrom an amount equal to the lesser of (x) Total Liabilities that by its terms are scheduled to mature on or before the date that is 24 months from the date of calculation, and (y) Unrestricted Cash or Cash Equivalents, and (ii) Total Asset Value shall be adjusted by deducting therefrom the amount by which Total Liabilities is adjusted under clause (i).
