Total Secured Leverage Ratio. The Borrower’s Consolidated Total Secured Indebtedness will not exceed forty percent (40%) of Consolidated Total Asset Value.
Appears in 3 contracts
Samples: Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid-America Apartments, L.P.)
Total Secured Leverage Ratio. The Borrower’s Borrower will not at any time permit Consolidated Total Secured Indebtedness will not to exceed forty percent (40%) of Consolidated Total Asset Value.
Appears in 3 contracts
Samples: Term Loan Agreement (Mid-America Apartments, L.P.), Term Loan Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid America Apartment Communities Inc)
Total Secured Leverage Ratio. The Borrower’s Borrower will not at any time permit Consolidated Total Secured Indebtedness will not to exceed forty percent (40%) the percentage set forth below of Consolidated Total Asset Value.Value for the period set forth below: Period Ending Percentage December 31, 2013 55 % December 31, 2014 50 % June 30, 2015 45 % Thereafter 40 %
Appears in 1 contract
Samples: Term Loan Agreement (Mid America Apartment Communities Inc)
