Reit Leverage Ratio definition
Reit Leverage Ratio means, on any date, the ratio of (a) the total consolidated Indebtedness of Reit and its Subsidiaries on such date (other than any Permitted Reit Indebtedness described in clause (a)(ii) of the definition of Permitted Reit Indebtedness) to (b) the fair market value (as determined in good faith by the board of directors of Reit) of all the assets of Reit on such date (other than any such assets upon which there is a Lien that secures any such Permitted Reit Indebtedness).