Maximum Pool Leverage Sample Clauses

Maximum Pool Leverage. The Pool Leverage Ratio shall not exceed sixty percent (60%) at any time; provided that, if the Pool Leverage Ratio is greater than 60% during any applicable period, then the Borrower and REIT Guarantor shall be deemed to be in compliance with this (a)so long as (a) the Borrower completed a Material Acquisition that was financed principally with Unsecured Debt during the quarter in which such ratio first exceeded the applicable forgoing percentage, (b) such ratio does not exceed 60% for a period of more than four consecutive fiscal quarters immediately following the fiscal quarter in which such Material Acquisition was completed, and (c) such ratio is not greater than sixty five percent (65%) at any time.
View SourceView Similar (3)

Related to Maximum Pool Leverage

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period: