Maximum Unsecured Debt Sample Clauses

Maximum Unsecured Debt. The aggregate amount of Consolidated Total Indebtedness of the Company and its Consolidated Subsidiaries (exclusive of Consolidated Secured Debt and trade accounts payable and accruals arising in the ordinary course of business) shall not exceed $500,000 at any time.
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Maximum Unsecured Debt. The Borrower will not at any time permit Consolidated Total Unsecured Indebtedness (including the Loans) to be greater than the Pool Availability.
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Maximum Unsecured Debt. TheIndebtedness. As of the last day of each Fiscal Quarter of the Company, the Company shall not, at any time, permit Unsecured Debt at such time to exceed the lesser of (i) an amount equal to 60% of the Aggregate permit the ratio of Unsecured Indebtedness to Unencumbered Asset Pool Value at such time and (ii) the Debt Service Coverage Amount at such timeto be greater than 0.60 to 1.00.
Sample 1
Maximum Unsecured Debt. The Company shall not, at any time, permit Unsecured Debt at such time to exceed the lesser of (i) an amount equal to 60% of the Aggregate Unencumbered Asset Value at such time and (ii) the Debt Service Coverage Amount at such time.
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Maximum Unsecured Debt. The Total Unsecured Debt shall not exceed ---------------------- either (a) 55% of the Unencumbered Property Value, or (b) 60% of the Unencumbered Property Value calculated with respect only to Property of Borrower.
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Maximum Unsecured Debt. Maintain, as of any date, unsecured Debt of not more than (i) the aggregate principal amount of the Demand Notes plus (ii) cash and cash equivalents plus (iii) to the extent necessary to comply with the Investment Company Act of 1940, as amended, unencumbered accounts receivable.
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Maximum Unsecured Debt. The Total Unsecured Debt shall not exceed 55% of ---------------------- the Unencumbered Property Value.
Sample 1
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Maximum Unsecured Debt. At no time shall the aggregate outstanding amount of Unsecured Debt of the REIT and the Consolidated Entities (other than (i) the Permitted Subordinated Debentures and (ii) the aggregate amount, not to exceed $25,000,000, of Renovation LC Debt outstanding at such time and approved by the Agent, at its discretion, for exclusion from Unsecured Debt for the purposes of this Section 7.4) exceed the lesser of (a) 83.33% of the aggregate Unencumbered Asset Value and (b) an amount equal to the sum of (i) 68.97% of the aggregate Unencumbered Asset Value plus (ii) an amount not to exceed the lesser of (A) $50,000,000 and (B) 25.0% of the aggregate Residual Value of all Wholly-Owned Retail Properties.
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Related to Maximum Unsecured Debt

  • Secured Debt With respect to REIT, the Borrower or any of their respective Subsidiaries as of any given date, the aggregate principal amount of all Indebtedness (including any Non-Recourse Indebtedness) of such Persons on a Consolidated basis outstanding at such date and that is secured in any manner by any Lien.

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • Total Indebtedness Create, incur, assume, or suffer to exist, or permit any Subsidiary of Borrower to create, incur or suffer to exist, any Indebtedness, except:

  • Maximum Senior Leverage Ratio Permit the Senior Leverage Ratio on the last day of any fiscal quarter during any period set forth below to be greater than the ratio set forth opposite such date or period below: Period Ratio ------ ----- September 30, 2001 2.50:1.0 December 31, 2001 2.00:1.0 March 31, 2002 through June 30, 2002 2.50:1.0 September 30, 2002 2.00:1.0 December 31, 2002 1.50:1.0 March 31, 2003 through June 30, 2003 2.00:1.0 September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio of Borrower on a Consolidated Basis, measured for each period of four consecutive fiscal quarters, on the last day of each fiscal quarter (each a “Measurement Date”), to be greater than the ratio set forth below for the corresponding period at any time: Period Ratio Closing Date through September 30, 2017 5.00:1.00 December 31, 2017 through March 31, 2018 4.75:1.00 June 30, 2018 through September 30, 2018 4.50:1.00 December 31, 2018 through March 31, 2019 4.25:1.00 June 30, 2019 and thereafter 4.00:1.00

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Maximum Secured Leverage Ratio As of the last day of any fiscal quarter, the Secured Leverage Ratio to exceed forty percent (40%);

  • Funded Debt No Borrower Party will, or will permit any of its Subsidiaries to, create, assume, incur, or otherwise become or remain obligated in respect of, or permit to be outstanding, any Funded Debt except:

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