Maximum Recourse Indebtedness. The Borrower shall not permit the Total Recourse Indebtedness to Total Assets Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending September 30, 2014, to exceed 25% at any time.
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Sources: Credit and Guaranty Agreement (Northstar Realty Finance Corp.)
Maximum Recourse Indebtedness. The Borrower Credit Parties shall not permit the Total Recourse Indebtedness to Total Assets Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending September 30, 2014, to exceed 25% at any time.
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Maximum Recourse Indebtedness. The Borrower Credit Parties shall not permit the Total Recourse Indebtedness to Total Assets Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending September 30, 2014, to exceed 25% at any time.the correlative percentage set forth below:
C. Clause (c) of Section 6.7 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Northstar Realty Finance Corp.)