Common use of Leverage Policy Clause in Contracts

Leverage Policy. The parties acknowledge that, subject to Limited Partner approval, the Ventures intend to leverage the Approved Investments and, if desirable, to refinance the Approved Investments. The parties anticipate that acquisition financing will range from 50% to 85% of the cost of each acquisition and each Venture generally will maintain a leverage ratio of 65%.

Appears in 2 contracts

Sources: Program Agreement (Developers Diversified Realty Corp), Program Agreement (Developers Diversified Realty Corp)