Recourse Debt. The Loan Parties shall cause the aggregate principal amount of all Recourse Debt (other than Indebtedness pursuant to the Loan Documents) as of the last day of each Fiscal Quarter to be less than or equal to ten percent (10%) of the Consolidated Total Asset Value.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (CareTrust REIT, Inc.), Credit and Guaranty Agreement (CareTrust REIT, Inc.)
Recourse Debt. The Loan Parties shall cause the aggregate principal amount of all Recourse Debt (other than Indebtedness pursuant to the Loan DocumentsDocuments and the GE Mortgage Indebtedness) as of the last day of each Fiscal Quarter to be less than or equal to ten percent (1010.0%) of the Consolidated Total Asset Value.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (CareTrust REIT, Inc.)
Recourse Debt. The Loan Parties shall cause the aggregate principal amount of all Recourse Debt (other than Indebtedness pursuant to the Loan DocumentsDocuments and the GE Mortgage Indebtedness) as of the last day of each Fiscal Quarter (commencing with the Fiscal Quarter ending on September 30, 2014) to be less than or equal to ten seven percent (107.0%) of the Consolidated Total Asset Value.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (CareTrust REIT, Inc.)
Recourse Debt. The Loan Parties shall cause the aggregate principal amount of all Recourse Debt (other than Indebtedness pursuant to the Loan Documents) as of the last day of each Fiscal Quarter to be less than or equal to ten percent (1010.0%) of the Consolidated Total Asset Value.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (CareTrust REIT, Inc.)
