Common use of Maximum Unsecured Leverage Ratio Clause in Contracts

Maximum Unsecured Leverage Ratio. Permit Total Unsecured Indebtedness as of the last day of each fiscal quarter of the Parent to exceed 60% of the Unencumbered Asset Value on such day.

Appears in 5 contracts

Sources: Note Purchase Agreement (Empire State Realty OP, L.P.), Note Purchase Agreement (Empire State Realty OP, L.P.), Term Loan Agreement (Empire State Realty OP, L.P.)