Total Liabilities. The Borrower shall not permit the Consolidated Total Liabilities of the Borrower and its Subsidiaries to be greater than 5 times the Consolidated Cash Flow of the Borrower and its Subsidiaries. In the event that a parcel of Real Estate has only been owned by the Borrower or a Subsidiary for a portion of the period for which data is needed to test compliance with this covenant, the Borrower shall annualize the data which is available in such manner as the Agent determines in its sole discretion so as to allow the test to be performed with respect to the full period.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Crescent Real Estate Equities Co), Revolving Credit Agreement (Crescent Real Estate Equities Co), Revolving Credit Agreement (Crescent Real Estate Equities Inc)
