Examples of Secured Debt to Total Asset Value Ratio in a sentence

The Company will ensure that at all times, on a consolidated basis in accordance with Generally Accepted Accounting Principles: (a) the Secured Debt to Total Asset Value Ratio is no greater than 40%; (b) the Fixed Charge Coverage Ratio is not less than 1.40:1.00; (c) the Unencumbered Interest Coverage Ratio is not less than 2.00:1.00; and (d) the Total Liabilities to Total Asset Value Ratio is no greater than 60%.
Secured Debt to Total Asset Value Ratio means the ratio (expressed as a percentage) of Secured Debt to Total Asset Value.
The Borrower shall have and maintain, on a consolidated basis in accordance with Generally Accepted Accounting Principles: (a) a Secured Debt to Total Asset Value Ratio no greater than thirty percent (30%) at all times; (b) a Fixed Charge Coverage Ratio of not less than 1.50:1.00 at all times; (c) [Reserved].
Have and maintain on a consolidated basis in accordance with Generally Accepted Accounting Principles: a Secured Debt to Total Asset Value Ratio no greater than forty percent (40%); a Fixed Charge Coverage Ratio of not less than 1.50:1.00; and a Debt to Total Asset Value Ratio no greater than sixty percent (60%), provided, however, that same may increase from time to time up to sixty-five percent (65%) for no more than two (2) consecutive calendar quarters.

More Definitions of Secured Debt to Total Asset Value Ratio

Secured Debt to Total Asset Value Ratio means the ratio (expressed as a percentage) of Secured Debt to Total Asset Value. For purposes of calculating such ratio, (i) Secured Debt shall be adjusted by deducting therefrom an amount equal to the lesser of (x) Maturing Indebtedness that is Secured Debt and (y) unrestricted cash and Cash Equivalents in excess of $25,000,000, and (ii) Total Asset Value shall be adjusted by deducting therefrom the amount deducted from Secured Debt pursuant to clause (i).

Secured Debt to Total Asset Value Ratio means the ratio (expressed ----------------------------------------- as a percentage) of Secured Debt to Total Asset Value.

Secured Debt to Total Asset Value Ratio means the ratio (expressed as a percentage) of Secured Debt to Total Asset Value. Stabilization Date shall mean, with respect to a property, the earlier of (a) eighteen (18) months from the date of acquisition of an income producing property by the Borrower or eighteen (18) months after substantial completion of construction or development of a new construction or development property, and (b) the date on which the Occupancy Level is at least ninety-three percent (93%). Stated Rate shall, on any day, mean whichever of the Base Rate, the Eurodollar Rate, or a rate applicable to Money Market Loans has been designated and provided pursuant to this Agreement; provided that, if on any day such rate shall exceed the Ceiling Rate for that day, the Stated Rate shall be fixed at the Ceiling Rate on that day and on each day thereafter until the total amount of interest accrued at the Stated Rate on the unpaid principal balance of the Notes equals the total amount of interest which would have accrued if there had been no Ceiling Rate. If the Notes mature (or are prepaid) before such equality is achieved, then, in addition to the unpaid principal and accrued interest then owing pursuant to the other provisions of the Credit Documents, Borrower promises to pay on demand to the order of the holders of the Notes interest in an amount equal to the excess (if any) of (a) the lesser of (i) the total interest which would have accrued on the Notes if the Stated Rate had been defined as equal to the Ceiling Rate from time to time in effect and (ii) the total interest which would have accrued on the Notes if the Stated Rate were not so prohibited from exceeding the Ceiling Rate, over (b) the total interest actually accrued on the Notes to such maturity (or prepayment) date. Subsidiary shall mean, as to a particular parent entity, any entity of which more than fifty percent (50%) of the indicia of voting equity or ownership rights (whether outstanding capital stock or otherwise) is at the time directly or indirectly owned by, such parent entity, or by one or more of its other Subsidiaries. Super-Majority Lenders shall mean the Lenders with an aggregate amount of sixty-six and sixty-seven hundredths percent (66.67%) or more of the amount of the Commitment then outstanding, and after the Commitment has expired or terminated, shall mean Lenders with an aggregate amount of sixty-six and sixty-seven hundredths percent (66.67%) or more of the unpaid balance of the Revolving Credit Exp...

Secured Debt to Total Asset Value Ratio means the ratio (expressed as a percentage) of Secured Debt to Total Asset Value. “Securities” or “Security” shall have the meaning specified in section 2(1) of the Securities Act. “Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. “Senior Financial Officer” means the chief financial officer, principal accounting officer, treasurer or comptroller of the Company. “Source” is defined in Section 6.2. “Series A Notes” is defined in Section 1.1. “Series B Notes” is defined in Section 1.1. “South Florida Ground Leases” means, collectively: (a) that certain Lease Agreement dated October 19, 1984, between the City of Fort Lauderdale, Florida, as Lessor, and Xxxxx X. Liberty, an individual, and Xxxxxx Development, Inc., a Florida corporation, as General Partners of K & L Partnership, a Florida General Partnership, as Lessee, recorded November 1, 1984 at Official Records Book 12101, Page 966 of the Public Records of Broward County, Florida, as amended by that certain (i) Amendment to Lease dated February 4, 1986, recorded April 4, 1986 at Official Records Book 13302, Page 513 of the Public Records of Broward County, Florida, (ii) Second Amendment to Lease Agreement dated February 17, 1987, recorded April 9, 1987 at Official Records Book 14332, Page 943 of the Public Records of Broward County, Florida, (iii) Third Amendment to Lease Agreement dated October 4, 1988, recorded November 16, 1988 at Official Records Book 15960, Page 0272 of the Public Records of Broward County, Florida, (iv) Fourth Amendment to Lease Agreement dated September 4, 1992, recorded April 10, 1993 at B-12

Secured Debt to Total Asset Value Ratio means the ratio (expressed

Secured Debt to Total Asset Value Ratio means the ratio (expressed as a percentage) of Secured Debt to Total Asset Value. Square Footage Capital Expenditure shall mean, on an annual basis, an amount equal to (a) for use in the Fixed Charged Coverage Ratio and the Debt Service Coverage Ratio, the product of (i) the daily average aggregate number of gross square feet contained in each completed, operating Property owned by Borrower or any Subsidiary during the immediately preceding four (4) calendar quarters, multiplied by (ii) $1.00; and (b) for use in defining Value, the product of (i) the aggregate number of gross square feet contained in each completed, operating Property owned by Borrower or any Subsidiary as of the last day of the immediately preceding calendar quarter, multiplied by (ii) $1.00 . Stated Rate shall, on any day, mean whichever of the Base Rate or the Eurodollar Rate has been designated and provided pursuant to this Agreement. Subsidiary shall mean, as to a particular parent entity, any entity of which more than fifty percent (50%) of the indicia of voting equity or ownership rights (whether outstanding capital stock or otherwise) is at the time directly or indirectly owned by, such parent entity, or by one or more of its other Subsidiaries. Tangible Net Worth shall mean total assets based on book value, and including the book value of equity investments in each Unconsolidated Affiliate multiplied by the Equity Percentage for that Unconsolidated Affiliate), less (1) all intangibles and (2) all liabilities (including contingent and indirect liabilities), all determined in accordance with Generally Accepted Accounting Principles. The term "intangibles" shall include, without limitation, (i) deferred charges, (ii) the amount of any write-up in the book value of any assets contained in any balance sheet resulting from revaluation thereof or any write-up in excess of the cost of such assets acquired, and (iii) the aggregate of all amounts appearing on the assets side of any such balance sheet for franchises, licenses, permits, patents, patent applications, copyrights, trademarks, trade names, goodwill, treasury stock, experimental or organizational expenses and other like intangibles. The term "liabilities" shall include, without limitation, (i) Indebtedness secured by Liens on Property of the Person with respect to which Tangible Net

Secured Debt to Total Asset Value Ratio definition

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