Maximum Secured Debt Leverage Ratio. Maintain as of each Test Date, a Secured Debt Leverage Ratio of not greater than 45%.
Appears in 3 contracts
Samples: Term Loan Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust), Term Loan Agreement (Hersha Hospitality Trust)
Maximum Secured Debt Leverage Ratio. Maintain as of each Test DateDate occurring during any of the periods indicated below, a Secured Debt Leverage Ratio of not greater than the correlative ratio indicated: Period Secured Debt Leverage Ratio Closing Date through and including December 31, 2015 50% January 1, 2016 and thereafter 45%.
Appears in 3 contracts
Samples: Term Loan Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust)
Maximum Secured Debt Leverage Ratio. Maintain as of each Test DateDate occurring during any of the periods indicated below, a Secured Debt Leverage Ratio of not greater than the correlative ratio indicated:45%. Period Secured Debt Leverage Ratio Closing Date through and including December 31, 2015 50% January 1, 2016 and thereafter 45%.%
Appears in 1 contract
