Common use of Unsecured Leverage Ratio Clause in Contracts

Unsecured Leverage Ratio. Permit the ratio of principal amount of Loans outstanding to Borrowing Base Value as at the last day of any period of four consecutive fiscal quarters of the Borrower or on the date of any incurrence of Indebtedness by the Borrower or its Subsidiaries to exceed 50%.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Medical Properties Trust Inc)

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Unsecured Leverage Ratio. Permit the The ratio of principal amount of Loans outstanding Unsecured Indebtedness to Borrowing Base Unencumbered Asset Value as [at the last day of any period of the four consecutive fiscal quarters of the Borrower or prior to the execution of this certificate] [or] [on the date of any incurrence of Indebtedness by the Borrower or its Subsidiaries to Subsidiaries] does not exceed 5060%.

Appears in 1 contract

Samples: Revolving Credit Agreement (Medical Properties Trust Inc)

Unsecured Leverage Ratio. Permit the ratio of principal amount of Loans outstanding Unsecured Indebtedness to Borrowing Base Unencumbered Asset Value as at the last day of any period of four consecutive fiscal quarters of the Borrower or on the date of any incurrence of Indebtedness by the Borrower or its Subsidiaries to exceed 5060%.

Appears in 1 contract

Samples: Term Loan Agreement (MPT Operating Partnership, L.P.)

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Unsecured Leverage Ratio. Permit the ratio of principal amount of Loans outstanding Unsecured Indebtedness to Borrowing Base Unencumbered Asset Value as at the last day of any period of four consecutive fiscal quarters of the Borrower or on the date of any incurrence of Indebtedness by the Borrower or its Subsidiaries to exceed 5060%.

Appears in 1 contract

Samples: Revolving Credit Agreement (Medical Properties Trust Inc)

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