Maximum Recourse Indebtedness. As of the last day of any fiscal quarter, Recourse Indebtedness of the Parent and the Borrower (excluding Indebtedness under this Agreement) to exceed fifteen percent (15%) of Total Asset Value of the Companies.
Appears in 2 contracts
Sources: Credit Agreement (STAG Industrial, Inc.), Credit Agreement (STAG Industrial, Inc.)
Maximum Recourse Indebtedness. As of the last day of any fiscal quarter, Recourse Indebtedness of the Parent and the Borrower (excluding Indebtedness under this Agreement) to exceed fifteen twenty percent (1520%) of Total Asset Value of the Companies.
Appears in 1 contract
Sources: Credit Agreement (American Realty Capital Properties, Inc.)