Secured Indebtedness Ratio. The Parent shall not permit the ratio of (i) Secured Indebtedness of the Parent and its Subsidiaries to (ii) Total Market Value, at any time to exceed the ratio corresponding to the applicable period set forth below: Period Secured Indebtedness to Total Market Value Before December 31, 2013 0.50 to 1.00 On and after December 31, 2013 but before December 31, 2014 0.45 to 1.00 On and after December 31, 2014 0.40 to 1.00
Appears in 4 contracts
Samples: Credit Agreement (Broadstone Net Lease Inc), Term Loan Agreement (Broadstone Net Lease Inc), Term Loan Agreement (Broadstone Net Lease Inc)
Secured Indebtedness Ratio. The Parent shall not permit the ratio of (i) Secured Indebtedness of the Parent and its Subsidiaries to (ii) Total Market Value, at any time to exceed the ratio corresponding to the applicable period set forth below: Period Secured Indebtedness to Total Market Value Before December 31, 2013 0.50 to 1.00 On and after December 31, 2013 but before December 31, 2014 0.45 to 1.00 On and after December 31, 2014 0.40 to 1.00.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Broadstone Net Lease, Inc.), Term Loan Agreement (Broadstone Net Lease, Inc.)
Secured Indebtedness Ratio. The Parent shall not permit the ratio of (i) Secured Indebtedness of the Parent and its Subsidiaries to (ii) Total Market Value, to exceed 0.40 to 1.00 at any time to exceed the ratio corresponding to the applicable period set forth below: Period Secured Indebtedness to Total Market Value Before December 31, 2013 0.50 to 1.00 On and after December 31, 2013 but before December 31, 2014 0.45 to 1.00 On and after December 31, 2014 0.40 to 1.00time.
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