DEVELOPMENT RATIO Clause Samples
DEVELOPMENT RATIO. The Borrower shall not, and shall not permit its Subsidiaries to, allow the Development Ratio, measured as of the end of each Quarter, to be less than 1.50 to 1.
DEVELOPMENT RATIO. Maintain at end of each Fiscal Quarter a ratio of the Construction in Progress of the Parent Guarantor and its Subsidiaries to Consolidated Implied Capitalization Value of the Parent Guarantor of not greater than .25:1.0.
DEVELOPMENT RATIO. The Borrower shall not, and shall not permit its Subsidiaries to, allow the Development Ratio, measured as of the end of each Quarter, to be less than 1.50 to 1.
(l) Section 7.04 ("Fixed Charges Ratio") shall be amended as follows:
DEVELOPMENT RATIO. The development shall be allowed to construct no more than 50% of the residential portion of the project until the two (2) commercial buildings are constructed along W. State Street as indicated on the conceptual plan.