Common use of Secured Leverage Ratio Clause in Contracts

Secured Leverage Ratio. Permit the ratio of Secured Indebtedness to Total Asset Value as at the last day of any period of four consecutive fiscal quarters of the Company to exceed thirty percent (30%); provided that such ratio may exceed thirty percent (30%) following a Major Acquisition so long as (i) such ratio does not exceed thirty percent (30%) as of the end of more than four (4) consecutive fiscal quarters after such Major Acquisition and (ii) such ratio does not exceed thirty-five percent (35%) as of any such date of determination.

Secured Leverage Ratio. Permit the ratio of Secured Indebtedness to Total Asset Value as at the last day of any period of four consecutive fiscal quarters of the Company to exceed thirty percent (30%); provided that such ratio may exceed thirty percent (30%) % following a Major Acquisition so long as (i) such ratio does not exceed thirty percent (30%) % as of the end of more than four (4) consecutive fiscal quarters after such Major Acquisition and (ii) such ratio does not exceed thirty-five percent (35%) % as of any such date of determination.

Secured Leverage Ratio. Permit the ratio of Secured Indebtedness to Total Asset Value as at the last day of any period of four consecutive fiscal quarters of the Company to exceed thirty (i) forty percent (3040%); provided that such ratio may exceed ) from the Agreement Date through the fiscal quarter ended December 31, 2013 and (ii) thirty percent (30%) following a Major Acquisition so long as (i) such ratio does not exceed thirty percent (30%) as of for the end of more than four (4) consecutive fiscal quarters after such Major Acquisition ended March 31, 2014 and (ii) such ratio does not exceed thirty-five percent (35%) as of any such date of determinationthereafter.

Secured Leverage Ratio. Permit As at the end of any fiscal quarter, the ratio of Total Secured Indebtedness to Total Asset Value (the “Secured Leverage Ratio”) to Lineage Logistics Note Purchase Agreement exceed 40%; provided, that the Company may elect that such ratio be permitted to exceed 40% as at of the last day of any period of four consecutive fiscal quarters of the Company to exceed thirty percent (30%); provided that such ratio may exceed thirty percent (30%) following a Major Acquisition so long as (i) such ratio does not exceed thirty percent (30%) as of the end of more than four (4) consecutive fiscal quarters after such Major Acquisition and (ii) such ratio does not immediately following a Material Acquisition, but in no event shall the Secured Leverage Ratio exceed thirty-five percent (35%) 45% as of the last day of any such date of determinationfiscal quarter.

Secured Leverage Ratio. Permit the ratio of Secured Indebtedness to Total Asset Value as at the last day of any period of four consecutive fiscal quarters of the Company to exceed thirty percent (30%); provided that such ratio may exceed thirty percent (30%) following a Major Acquisition so long as (i) such ratio does not exceed thirty percent 40% from the Closing Date through the eighteen (30%18) as month anniversary of the end of more than four (4) consecutive fiscal quarters after such Major Acquisition Closing Date and (ii) such ratio does not exceed thirty-five percent (35%) as of any such date of determination% thereafter.

Secured Leverage Ratio. Permit As at the end of any fiscal quarter, the ratio of Total Secured Indebtedness to Total Asset Value (the “Secured Leverage Ratio”) to exceed 40%; provided, that the Company may elect that such ratio be permitted to exceed 40% as at of the last day of any period of four consecutive fiscal quarters of the Company to exceed thirty percent (30%); provided that such ratio may exceed thirty percent (30%) following a Major Acquisition so long as (i) such ratio does not exceed thirty percent (30%) as of the end of more than four (4) consecutive fiscal quarters after such Major Acquisition and (ii) such ratio does not immediately following a Material Acquisition, but in no event shall the Secured Leverage Ratio exceed thirty-five percent (35%) 45% as of the last day of any such date of determination.fiscal quarter. Lineage Logistics, LLC Note Purchase Agreement

Secured Leverage Ratio. Permit the ratio of Secured Indebtedness to Total Asset Value as at the last day of any period of four consecutive fiscal quarters of the Company to exceed thirty percent (30%); provided that such ratio may exceed thirty percent (30%) following a Major Acquisition so long as (i) such ratio does not exceed thirty percent (30%) as of 40% from the end of more than four (4) consecutive Closing Date through the fiscal quarters after such Major Acquisition quarter ended December 31, 2013 and (ii) such ratio does not exceed thirty-five percent (35%) as of any such date of determination30% for the fiscal quarters ended March 31, 2014 and thereafter.

Secured Leverage Ratio. Permit the ratio of Secured Indebtedness to Total Asset Value as at the last day of any period of four consecutive fiscal quarters of the Company to exceed thirty percent (3040%); provided that such ratio may exceed thirty percent (30%) following a Major Acquisition so long as (i) such ratio does not exceed thirty percent (30%) as of the end of more than four (4) consecutive fiscal quarters after such Major Acquisition and (ii) such ratio does not exceed thirty-five percent (35%) as of any such date of determination.”