Common use of Maximum Variable Rate Indebtedness Clause in Contracts

Maximum Variable Rate Indebtedness. Permit the aggregate amount of Consolidated Total Indebtedness (other than Indebtedness hereunder) that accrues interest at a variable rate as of the last day of each fiscal quarter to exceed twenty-five percent (25%) of Consolidated Total Asset Value at such time; provided that for purposes of this covenant, Indebtedness that is effectively subject to a fixed or maximum interest rate by virtue of interest rate protection agreements will not be deemed to accrue interest at a variable rate.

Maximum Variable Rate Indebtedness. Permit the The aggregate amount of Consolidated Total Indebtedness (other than Indebtedness hereunderwith respect to which only the principal outstanding on the date of calculation shall be included) that accrues interest at a variable rate as will not at any time exceed 25% of the last day of each fiscal quarter to exceed twenty-five percent (25%) of Consolidated Total Asset Value at such time; provided that for Value. For purposes of determining compliance with this covenant, Indebtedness that is effectively subject to a fixed or maximum interest rate by virtue of interest rate protection agreements will not be deemed to accrue interest at a variable rate.

Maximum Variable Rate Indebtedness. Permit the aggregate amount of Consolidated Total Indebtedness (other than Indebtedness hereunder) that accrues interest at a variable rate as of the last day of each fiscal quarter to exceed twenty-five percent (25%) of Consolidated Total Asset Value at such time; provided that for purposes of this covenant, 64054670 97 Indebtedness that is effectively subject to a fixed or maximum interest rate by virtue of interest rate protection agreements will not be deemed to accrue interest at a variable rate.