Common use of Unencumbered Leverage Ratio Clause in Contracts

Unencumbered Leverage Ratio. Permit the ratio of Unsecured Indebtedness to Unencumbered Asset Value as at the last day of any period of four consecutive fiscal quarters of the Company to exceed 60%; provided that such ratio may exceed 60% following a Major Acquisition so long as (i) such ratio does not exceed 60% as of the end of more than four (4) consecutive fiscal quarters after such Major Acquisition and (ii) such ratio does not exceed 65% as of any such date of determination.

Unencumbered Leverage Ratio. Permit the ratio of Unsecured Indebtedness to Unencumbered Asset Value as at the last day of any period of four consecutive fiscal quarters of the Company to exceed sixty percent (60%); provided that such ratio may exceed sixty percent (60% %) following a Major Acquisition so long as (i) such ratio does not exceed sixty percent (60% %) as of the end of more than four (4) consecutive fiscal quarters after such Major Acquisition and (ii) such ratio does not exceed sixty-five percent (65% %) as of any such date of determination.

Unencumbered Leverage Ratio. Permit the The ratio of the aggregate amount of all Unsecured Indebtedness to Unencumbered Asset Value as at of the last day end of any period of the four consecutive fiscal quarters quarter period of the Company then ended to exceed 60%; provided that such ratio may exceed 60% following a Major Acquisition so long as (iA) such ratio does not exceed 60% as of the end of more than four two (42) consecutive fiscal quarters after following such Major Acquisition and (iiB) such ratio does not exceed 65% as of any such date of determination.