Maximum Secured Recourse Debt. Permit the Secured Recourse Debt of the Consolidated Group to be greater than twenty percent (20%) of Total Asset Value.
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Samples: Credit Agreement (Armada Hoffler Properties, Inc.), Credit Agreement (Armada Hoffler Properties, Inc.)
Maximum Secured Recourse Debt. Permit the Secured Recourse Debt of the Consolidated Group to be greater than twenty twenty-five percent (2025%) of Total Asset Value.
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Maximum Secured Recourse Debt. Permit the Secured Recourse Debt of the Consolidated Group (excluding the Facility if it becomes Secured Indebtedness) to be greater than twenty percent (20%) of Total Asset Value.
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