Total Indebtedness Ratio. The Borrower will not permit the Total Indebtedness Ratio on any date to be greater than the ratio set forth below opposite the period during which such date falls: Period Ratio From the Fourth Restatement Effective Date through and including June 29, 2010 7.50 to 1.00 From June 30, 2010 through and including December 30, 2012 7.25 to 1.00 From December 31, 2012 and at all times thereafter 7.00 to 1.00.
Total Indebtedness Ratio. The Borrower will not permit the Total Indebtedness Ratio on any date to be greater than 7.00 to 1.00.
Total Indebtedness Ratio. The Borrower will not permit the Total Indebtedness Ratio as at the last day of any fiscal quarter of the Borrower to exceed the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Total Indebtedness Ratio March 31, 2017 6.00 to 1.00 June 30, 2017 6.00 to 1.00 September 30, 2017 6.00 to 1.00 December 31, 2017 6.00 to 1.00 March 31, 2018 4.75 to 1.00 June 30, 2018 4.75 to 1.00 September 30, 2018 4.75 to 1.00 December 31, 2018 4.75 to 1.00 March 31, 2019 3.75 to 1.00 June 30, 2019 3.75 to 1.00 September 30, 2019 3.75 to 1.00 December 31, 2019 3.75 to 1.00 March 31, 2020 and each fiscal quarter ending thereafter 3.50 to 1.00
Total Indebtedness Ratio. Each Obligor will not permit the Total Indebtedness Ratio on the last day of any fiscal quarter to exceed 3 to 1.
Total Indebtedness Ratio. Permit, at the last day of any Test Period, the ratio of (i) Total Indebtedness as of such day to (ii) Gross Asset Value as of such day to exceed 0.60 to 1.00.
Total Indebtedness Ratio. Permit, at the last day of any Test Period, the ratio of (i) Total Indebtedness as of such day to (ii) Gross Asset Value as of such day to exceed 0.60 to 1.00 (or 0.65 to 1.00 for a period not to exceed 270 consecutive days in the event that during the applicable period Kimco or one of the Consolidated Entities has incurred Indebtedness in connection with Major Acquisitions); provided that for the purpose of determining the foregoing ratio, there shall be excluded from the amount of Total Indebtedness the amount of Total Indebtedness that matures by its terms within 24 months after such date of determination, such exclusion to be limited, however, to the excess of (i) the dollar equivalent of the aggregate amount of Unrestricted Cash and Cash Equivalents then held by Kimco and the Consolidated Entities over (ii) $35,000,000.
Total Indebtedness Ratio. (Section 7.1(a))
Total Indebtedness Ratio. Each Obligor will not permit the Total Indebtedness Ratio to exceed the following respective ratios at any time during the following respective periods: Period Ratio From and including the Amendment Effective Date to but excluding December 31, 2013 5.50 to 1 From and including December 31, 2013 and at all times thereafter 5.00 to 1
Total Indebtedness Ratio. The Borrower will not permit the Total Indebtedness Ratio as at the last day of any fiscal quarter to exceed the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Total Indebtedness Ratio September 30, 2014 6.50 to 1.00 December 31, 2014 6.50 to 1.00 March 31, 2015 6.50 to 1.00 June 30, 2015 6.50 to 1.00 September 30, 2015 6.50 to 1.00 December 31, 2015 6.50 to 1.00 March 31, 2016 6.25 to 1.00 June 30, 2016 6.25 to 1.00 September 30, 2016 6.25 to 1.00 December 31, 2016 6.25 to 1.00 March 31, 2017 and each fiscal quarter ending thereafter 6.00 to 1.00 Solely for the purposes of calculating compliance with the Total Indebtedness Ratio set forth in this Section 6.05(a) (and not for any other purpose under this agreement), to the extent the Borrower contributes cash into a segregated reserve account (the “Reserve Account”) maintained by a Lender or Lenders (the amount of such cash contributed by the Borrower, the “Cash Contribution”) the amount of Indebtedness of the Borrower and its Subsidiaries constituting Total Indebtedness shall be reduced by the amount of such Cash Contribution; provided that immediately after giving pro forma effect to such Cash Contribution the amount of the Borrower and its Subsidiaries’ cash on hand for operations (excluding the Cash Contribution) exceeds $2 billion. Such Cash Contribution may only be removed from the Reserve Account if the Borrower is in pro forma compliance with the financial covenant in this Section 6.05(a) after giving effect to the removal of such proceeds (and any applicable increase in Total Indebtedness).
Total Indebtedness Ratio. The Borrower will not permit the Total Indebtedness Ratio on any date to be greater than the ratio set forth below opposite the period during which such date falls: Period Ratio ------ ----- From the Restatement Effective Date through December 30, 1997 6.75 to 1 From December 31, 1997 through June 29, 1998 6.50 to 1 From June 30, 1998 through December 30, 1998 6.25 to 1 From December 31, 1998 through June 29, 1999 6.00 to 1 Credit Agreement From June 30, 1999 through December 30, 1999 5.50 to 1 From December 31, 1999 through December 30, 2000 5.00 to 1 From December 31, 2000 through December 30, 2001 4.50 to 1 From December 31, 2001 and at all times thereafter 4.00 to 1
