Leverage Requirement. Permit as of the end of each fiscal quarter of the Consolidated Group, Consolidated Outstanding Indebtedness to exceed 65% of Total Asset Value. For the purposes of this Section 7.11(b), Approved Subordinated Debt will be treated as equity only until July 13, 2013.
Appears in 1 contract
Sources: Credit Agreement (Cole Credit Property Trust Iv, Inc.)
Leverage Requirement. Permit as As of the end of each fiscal quarter of the Consolidated GroupGroup commencing with the fiscal quarter ending June 30, 2012, Consolidated Outstanding Indebtedness to shall not exceed 65% of Total Asset Value. For the purposes of this Section 7.11(b6.16(b), Approved Subordinated Debt will be treated as equity only until July 13, 2013the date that is twelve (12) months after the Effective Date.
Appears in 1 contract
Sources: Borrowing Base Revolving Line of Credit Agreement (Cole Credit Property Trust Iv, Inc.)