Common use of Maximum Leverage Clause in Contracts

Maximum Leverage. Permit, as of the last day of each calendar quarter, the Leverage Ratio to exceed 60% (or, as of the last day of the four consecutive calendar quarters following the Company’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $500,000,000, 65%); provided that in no event may the Leverage Ratio exceed 60% for more than four consecutive fiscal quarters in any five fiscal quarter period.

Maximum Leverage. Permit, as of the last day of each such calendar quarter, the Leverage Ratio to exceed 60% (or, as of the last day of the four two consecutive calendar quarters following the Company’s acquisition, pursuant to one transaction or a series acquisition of related transactions occurring contemporaneously, of one or more entities or property portfolios an entity with total assets of at least $500,000,000500 million, 65%); provided that in no event may the Leverage Ratio exceed 60% for more than four consecutive fiscal quarters in any five fiscal quarter period.

Maximum Leverage. Permit, as of the last day of each such calendar quarter, the Leverage Ratio to exceed 60% (or, as of the last day of the four two consecutive calendar quarters following (x) the consummation of the Acquisition or (y) the Company’s acquisition, pursuant to one transaction or a series of related transactions occurring contemporaneously, of one or more entities or property portfolios with total assets of at least $500,000,000500 million, 65%); provided that in no event may the Leverage Ratio exceed 60% for more than four consecutive fiscal quarters in any five fiscal quarter period.