Common use of Maximum Secured Debt Clause in Contracts

Maximum Secured Debt. The Borrower will not at any time permit the ratio of Secured Indebtedness (net of, as of such date of determination, an amount equal to the lesser of (x) the amount of assets that are classified as unrestricted cash and cash equivalents on the consolidated balance sheet of the Borrower in excess of $35,000,000 and (y) the amount of Secured Indebtedness that matures within twenty-four (24) months of such date of determination) to Total Asset Value to exceed thirty-five percent (35%).