Maximum Recourse Indebtedness. The Parent and the Borrower shall not permit the Recourse Indebtedness (excluding the Obligations) to be greater than 10% of Total Asset Value at any time.
Appears in 2 contracts
Sources: Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc)
Maximum Recourse Indebtedness. The Parent and the Borrower shall not permit the Recourse Indebtedness (excluding the Obligations) to be greater than 10% of Total Asset Value at any time.
Appears in 1 contract
Sources: Credit Agreement (Tier Reit Inc)