Common use of Maximum Secured Debt Clause in Contracts

Maximum Secured Debt. The Borrower will not at any time permit the outstanding balance of Secured Indebtedness to exceed thirty percent (30%) of Total Assets.

Appears in 3 contracts

Sources: Credit Agreement (Liberty Property Limited Partnership), Credit Agreement (Liberty Property Limited Partnership), Term Loan Agreement (Liberty Property Limited Partnership)

Maximum Secured Debt. The Borrower will not at any time anytime permit the outstanding balance ratio of Secured Indebtedness to Total Asset Value to exceed thirty forty percent (3040%) of Total Assets).

Appears in 1 contract

Sources: Credit Agreement (Liberty Property Limited Partnership)

Maximum Secured Debt. The Borrower will not at any time permit the outstanding balance of Secured Indebtedness to exceed thirty percent (30%) of Total Assets.of

Appears in 1 contract

Sources: Credit Agreement (Liberty Property Limited Partnership)