Secured Debt to Gross Asset Value. At any time through July 31, 2006, the Secured Indebtedness Ratio (expressed as a percentage) shall not exceed 55%. At any time thereafter, the Secured Indebtedness Ratio (expressed as a percentage) shall not exceed 52.5%.
Secured Debt to Gross Asset Value. Secured Debt shall not exceed forty percent (40%) of Gross Asset Value.
Secured Debt to Gross Asset Value. Borrower shall not permit the ratio of Secured Debt to Gross Asset Value of Borrower and its Subsidiaries to exceed 0.45:1 at any time.
Secured Debt to Gross Asset Value. Borrower shall not permit the ratio of Secured Debt of Borrower and EQR (excluding Indebtedness of Consolidated Subsidiaries or Investment Affiliates), and Borrower’s Share of Secured Debt of all Consolidated Subsidiaries and Investment Affiliates to Gross Asset Value of Borrower and EQR to exceed 0.40:1 at any time.
Secured Debt to Gross Asset Value. The Borrower shall not permit the ratio of (i) the sum of (x) Secured Debt of the Borrower and EQR (including Secured Debt of Down REITs and wholly-owned Subsidiaries of Down REITs, but excluding Secured Debt of other Persons that are Consolidated Subsidiaries or Investment Affiliates), plus (y) Borrower’s Share of Secured Debt of all Consolidated Subsidiaries and Investment Affiliates (other than Down REITs and wholly-owned Subsidiaries of Down REITs) to (ii) Gross Asset Value to exceed 0.40:1.
Secured Debt to Gross Asset Value. The ratio of Secured Debt to Gross Asset Value shall not be greater than 0.30:1.0.
Secured Debt to Gross Asset Value. The numerical reference in Section 9.02 to "0.40:1" is hereby deleted and replaced with the following: "0.50:1".
Secured Debt to Gross Asset Value. Borrower shall not permit the ratio of Secured Debt to Gross Asset Value of Borrower and EQR to exceed 0.30:1 at any time.
Secured Debt to Gross Asset Value. 57 8.03 EBITDA TO INTEREST EXPENSE RATIO...........................................................................57 8.04 EBITDA TO FIXED CHARGES RATIO..............................................................................57
Secured Debt to Gross Asset Value. ERP shall not permit the ratio of Secured Debt of ERP and EQR (excluding Indebtedness of Consolidated Subsidiaries or Investment Affiliates), and ERP’s Share of Secured Debt of all Consolidated Subsidiaries and Investment Affiliates to Gross Asset Value of ERP and EQR to exceed 0.40:1 at any time.
