Total Liabilities to Gross Asset Value Sample Clauses

Total Liabilities to Gross Asset Value. Borrower shall not permit the ratio of Total Liabilities to the sum of Gross Asset Values for Borrower and each of its Subsidiaries to exceed 0.6:1.
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Total Liabilities to Gross Asset Value. The Borrower will not permit Total Liabilities to exceed seventy percent (70%) of Gross Asset Value, calculated as of the end of each fiscal quarter through and including the fiscal quarter ending March 31,
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Total Liabilities to Gross Asset Value. Borrower shall not permit the ratio of Total Liabilities to Gross Asset Value, each determined on a consolidated basis for Borrower and its Consolidated Subsidiaries, to exceed 0.70:1 at any time.
Sample 1
Total Liabilities to Gross Asset Value. The Parent shall not at any time permit Total Liabilities divided by Gross Asset Value to be greater than 53% (“Total Liabilities to Gross Asset Value Percent”); provided, however, in the event the Borrower purchases a Hotel Property in the third Fiscal Quarter of 2006, the Total Liabilities to Gross Asset Value Percent will not be greater than 58% until December 31, 2006, 55% until March 31, 2007 and 53% thereafter. If the 58% Total Liabilities to Gross Asset Value Percent is ever exceeded during its required two Fiscal Quarters and the 55% Total Liabilities to Gross Asset Value Percent is ever exceeded during its required one Fiscal Quarter, the Parent will have up to 45 days after the due date for delivery of the financial statements for the Fiscal Quarter in which such event occurred to cure the Default, provided, however, that during any period that the Total Liabilities to Gross Asset Value Percent is ever exceeded, no additional Advances will be made hereunder and the Applicable Margins will be as follows until the Total Liabilities to Gross Asset Value Percent is as required hereunder: BASE RATE ADVANCES LETTERS OF CREDIT & LIBOR ADVANCES UNUSED FEE 1.50% 3.50% .75% The Total Liabilities to Gross Asset Value Percent then reduces to 53% thereafter. From April 1, 2007 until the Maturity Date, the Parent will be given only one instance to exceed the 53% maximum Total Liabilities to Gross Asset Value Percent. The Parent will have up to 90 days to cure the Default. No advances will be made during the times when this covenant is exceeded. Notwithstanding anything to the contrary contained herein, if the Total Liabilities to Gross Asset Value Percent ever exceeds 65%, an immediate Event of Default will be deemed to have occurred hereunder. For a period of twelve (12) full calendar months from the date of the acquisition of the Embassy Suites Boston Xxxxx Airport Hotel (“Boston Xxxxx”), the Gross Asset Value of Boston Xxxxx for the purposes of this covenant will be deemed to be $55,700,000; and thereafter, the Gross Asset Value of Boston Xxxxx will be as otherwise defined in the definition of Gross Asset Value.
Sample 1
Total Liabilities to Gross Asset Value. The Company shall not permit the ratio of (x) the sum of Total Liabilities plus the Preferred Stock Obligations, to (y) Gross Asset Value, each determined on a consolidated basis for the Company and its Consolidated Subsidiaries, to exceed 0.80:1 at any time.
Sample 1
Total Liabilities to Gross Asset Value. Guarantor shall not permit the ratio of Total Liabilities to Gross Asset Value of Guarantor and its Subsidiaries to exceed 0.50:1 at any time.
Sample 1

Related to Total Liabilities to Gross Asset Value

  • Total Liabilities 5. Current Liabilities

  • Consolidated Total Liabilities All liabilities of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles and classified as such on the consolidated balance sheet of the Borrower and its Subsidiaries.

  • Gross Asset Value The term "Gross Asset Value" means, with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:

  • Total Liability Subject to section 9 and section 10, LogRhythm’s total cumulative liability in connection with this Agreement, the Products, Cloud Services and any related services, whether in contract or tort (including negligence) or otherwise, will not exceed a sum equal to 1.25 times the amount of fees (including Support Services Fees (if any)) paid or payable by Customer to Authorized Reseller during the twelve (12) month period preceding the events giving rise to such liability or five thousand British pounds (GBP£5,000), whichever is the higher.

  • Minimum Consolidated Net Worth The Company will not permit its Consolidated Net Worth at any time to be less than the sum of (a) $800,000,000 plus (b) an aggregate amount equal to 50% of its Consolidated Net Earnings (but, in each case, only if a positive number) for each completed fiscal year beginning with the fiscal year ending September 30, 2013.”

  • Current Liabilities 20 12.07 Damages.................................................................................................21 12.08

  • Contingent Liabilities Assume, guarantee, become liable as a surety, endorse, contingently agree to purchase, or otherwise be or become liable, directly or indirectly (including, but not limited to, by means of a maintenance agreement, an asset or stock purchase agreement, or any other agreement designed to ensure any creditor against loss), for or on account of the obligation of any person or entity, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of the Company’s business.

  • Maintenance of Total Unencumbered Assets The Company and its Subsidiaries will maintain at all times Total Unencumbered Assets of not less than 200% of the aggregate outstanding principal amount of the Unsecured Debt of the Company and its Subsidiaries on a consolidated basis.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • CALCULATION OF NET ASSET VALUE U.S. Trust will calculate the Fund's daily net asset value and the daily per-share net asset value in accordance with the Fund's effective Registration Statement on Form N-2 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"), including its current prospectus. If so directed, U.S. Trust shall also calculate daily the net income of the Fund

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