Maximum Secured Indebtedness. The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries determined on a consolidated basis to (ii) Total Asset Value to exceed 0.40 to 1.00.
Appears in 8 contracts
Samples: Loan Agreement (Equity One, Inc.), Loan Agreement (Equity One, Inc.), Credit Agreement (Equity One, Inc.)
Maximum Secured Indebtedness. The REIT and the Borrower shall will not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries determined on a consolidated basis to (ii) Total Asset Value to exceed be greater than 0.40 to 1.001.00 at any time.
Appears in 5 contracts
Samples: Credit Agreement (Extra Space Storage Inc.), Credit Agreement (Extra Space Storage Inc.), Credit Agreement (Extra Space Storage Inc.)
Maximum Secured Indebtedness. The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries determined on a consolidated basis to (ii) Total Asset Value as of the end of any fiscal quarter of Borrower to exceed 0.40 to 1.000.30:1.
Appears in 4 contracts
Samples: Loan Agreement (Bre Properties Inc /Md/), Loan Agreement (Bre Properties Inc /Md/), Credit Agreement (Bre Properties Inc /Md/)
Maximum Secured Indebtedness. The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries determined on a consolidated basis to (ii) Total Asset Value as of the end of any fiscal quarter of Borrower to exceed 0.40 to 1.000.40:1.
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Maximum Secured Indebtedness. The Borrower Borrowers shall not permit the ratio of (i) Total Secured Indebtedness of the Borrower and its Subsidiaries determined on a consolidated basis to (ii) Total Asset Value as of the end of any fiscal quarter of the OP Borrower to exceed 0.40 to 1.000.50:1.
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