Common use of Maximum Secured Debt Clause in Contracts

Maximum Secured Debt. Permit, as of the last day of each calendar quarter the sum of (i) Total Secured Outstanding Indebtedness and (ii) Indebtedness of Subsidiaries permitted under Section 7.11(f)(ii)(D) to exceed 40% of Total Value, with such percentage increasing permanently to 50% upon the acquisition of an entity with total assets of at least $500 million:

Maximum Secured Debt. Permit, as of the last day of each calendar quarter the sum of (i) Total Secured Outstanding Indebtedness and (ii) Indebtedness of Subsidiaries permitted under Section 7.11(f)(ii)(D) to exceed 4050% of Total Value, with such percentage increasing permanently to 50% upon the acquisition of an entity with total assets of at least $500 million:.