DE Ratio definition
DE Ratio means, with respect to the Company, the ratio of (i) all debt and other liabilities of the Company reflected on the face of the Company's balance sheet as of the end of the relevant Distribution Period, other than accounts payable to (ii) the total Members' equity in the Company reflected on the face of such balance sheet, less the value of the intangible assets reflected on the face of such balance sheet.
DE Ratio means, as of any time and giving pro forma effect to the drawings of Construction Loans and the making of Equity Contributions on or in respect of such time, the ratio of (i) outstanding principal amounts of the Construction Loans as of such time to (ii) the Aggregate Funded Equity as of such time.