Maximum Total Liabilities to Gross Asset Value. Total Liabilities at the end of each calendar quarter shall not exceed fifty percent (50%) of Gross Asset Value at such time.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (Essex Property Trust Inc)
Maximum Total Liabilities to Gross Asset Value. Total Liabilities at the end of each calendar quarter shall not exceed fifty fifty-five percent (5055%) of Gross Asset Value at such time.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (Essex Property Trust Inc)
Maximum Total Liabilities to Gross Asset Value. Total Liabilities at the end of each calendar quarter shall not exceed fifty percent (5060% of Gross Asset Value at such time; provided, however, that if at the end of any calendar quarter, for up to four calendar quarters during the term of this Agreement, Total Liabilities exceed 60% of Gross Asset Value but are less than 65% of Gross Asset Value then Total Liabilities at the end of each such calendar quarter may exceed 60%) , but shall not exceed 65%, of Gross Asset Value at such time.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Essex Property Trust Inc), Revolving Credit Agreement (Essex Portfolio Lp)
Maximum Total Liabilities to Gross Asset Value. Total Liabilities at the end of each calendar quarter shall not exceed fifty fifty-five percent (5055%) of Gross Asset Value at such time."
Appears in 1 contract
Maximum Total Liabilities to Gross Asset Value. Total Liabilities at the end of each calendar quarter shall not exceed fifty percent (50%) 60% of Gross Asset Value at such time.
Appears in 1 contract
