Secured Recourse Indebtedness. As of any date of determination, any secured Indebtedness which is recourse to Parent Borrower or any of its Subsidiaries. Secured Recourse Indebtedness shall not include Non-Recourse Indebtedness.
Secured Recourse Indebtedness. Permit Total Secured Recourse Indebtedness to exceed ten percent (10%) of Total Asset Value on the date of determination, excluding recourse associated with interest rate xxxxxx.
Secured Recourse Indebtedness. The aggregate principal amount of Secured Recourse Indebtedness to exceed 10.0% of Consolidated Adjusted Asset Value at any time.
Secured Recourse Indebtedness. As of any date of determination, any Indebtedness of any Person that is both Secured Indebtedness and Recourse Indebtedness.
Secured Recourse Indebtedness. With respect to any Person as of any date of determination, Secured Indebtedness of other Persons which such first Person has guaranteed, other than guarantees constituting Non-Recourse Indebtedness (but including such guarantees once a written claim is made with respect thereto to the extent provided for in the definition of Non-Recourse Indebtedness), or Secured Indebtedness which is otherwise recourse to such first Person.
Secured Recourse Indebtedness. Secured Indebtedness of a Person that is also Recourse Indebtedness. Short-term Investments. Investments described in subsections (a) through (g), inclusive, of §8.3. State. A state of the United States of America.
Secured Recourse Indebtedness. Permit Total Secured Recourse Indebtedness to exceed fifteen percent (15%) of Total Asset Value as of the last day of any fiscal quarter, excluding recourse associated with interest rate xxxxxx.
Secured Recourse Indebtedness. The Parent shall not permit the ratio of (i) Secured Indebtedness of the Borrower or the Guarantors which is not Nonrecourse Indebtedness to (ii) Gross Asset Value, to exceed 0.25 to 1.00 at any time.
Secured Recourse Indebtedness. Permit the aggregate of all outstanding recourse Secured Indebtedness, including the Indebtedness under the Related Facility but excluding all Non-Recourse Indebtedness, as of any date, to exceed (a) 15% of then-current Gross Asset Value at any time prior to the repayment in full of the Indebtedness under that certain $550,000,000 construction loan made by KeyBank National Association and certain other lenders to BMR-Blackfan Circle LLC, a Subsidiary of Borrower, pursuant to an Amended and Restated Secured Acquisition and Construction Loan Agreement dated as of December 31, 2006, or (b) 10% of then-current Gross Asset Value at any time on or after the date that such construction loan has been repaid in full.
Secured Recourse Indebtedness. The aggregate outstanding amount of Secured Recourse Indebtedness shall be equal to or less than $10,000,000 until such time as the Borrower has acquired (and for so long as it maintains) (i) a Consolidated Total Asset Value of at least $300,000,000, in which case the aggregate outstanding amount of Secured Recourse Indebtedness shall be equal to or less than five percent (5%) of Consolidated Total Asset Value or (ii) a Consolidated Total Asset Value of at least $750,000,000, in which case the aggregate outstanding amount of Secured Recourse Indebtedness shall be equal to or less than ten percent (10%) of Consolidated Total Asset Value.
