Maximum Total Liabilities to Gross Asset Value Clause Samples
The "Maximum Total Liabilities to Gross Asset Value" clause sets a cap on the total amount of liabilities a party, typically a company or investment entity, can incur relative to the gross value of its assets. In practice, this clause requires that the sum of all outstanding debts and obligations does not exceed a specified percentage of the total asset value, ensuring that the entity maintains a healthy balance sheet. This provision is commonly used in loan agreements or investment contracts to protect lenders or investors by limiting financial risk and preventing over-leveraging.
Maximum Total Liabilities to Gross Asset Value. The ratio of Total Liabilities to Gross Asset Value (expressed as a percentage) shall not at any time be more than 65.0%.
Maximum Total Liabilities to Gross Asset Value. Total Liabilities at the end of each calendar quarter shall not exceed fifty percent (50%) of Gross Asset Value at such time.
Maximum Total Liabilities to Gross Asset Value. Total Liabilities at the end of each calendar quarter shall not exceed 60% of Gross Asset Value at such time; provided, however, Total Liabilities may exceed 60%, so long as for acquisition purposes it does not exceed more than 65%, during any four (4) consecutive calendar quarters. For the purposes of this covenant, (i) Total Liabilities shall be adjusted by deducting therefrom an amount equal to the lesser of (x) Indebtedness that by its terms is scheduled to mature on or before the date that is 24 months from the date of calculation, and (y) Unrestricted Cash and Cash Equivalents and (ii) Gross Asset Value shall be adjusted by deducting therefrom the amount by which Indebtedness is adjusted under clause (i).
Maximum Total Liabilities to Gross Asset Value. The ratio of Total Liabilities to Gross Asset Value (expressed as a percentage) shall not be more than: At any time during the first six Loan Months (the "Six Month Period") 70.0 % At any time after the "Six Month Period") 65.0 % Notwithstanding the foregoing, if, at the end of the Six Month Period, the Borrowers have delivered evidence reasonably satisfactory to the Administrative Agent demonstrating that the Borrower Parties or their Subsidiary Entities have entered into binding contracts which provide for the Disposition of Projects within three (3) months after the Six Month Period, and the consummation of such Dispositions would result in a 65% (or less) ratio of Total Liabilities to Gross Asset Value (expressed as a percentage), the Borrowers shall have until the end of such additional three month period to satisfy such 65% ratio.
Maximum Total Liabilities to Gross Asset Value. The ratio of Total Liabilities to Gross Asset Value shall not exceed 50% at any time.
Maximum Total Liabilities to Gross Asset Value. The ratio of Total Liabilities to Gross Asset Value shall not exceed sixty percent (60%); provided, however, that such ratio may exceed sixty percent (60%) (but may in no event exceed sixty-five percent (65%)) for no more than two Fiscal Quarters during any rolling (i.e. consecutive) eight Fiscal Quarters. 8.3. [Intentionally Omitted.]
Maximum Total Liabilities to Gross Asset Value. The ratio of Total Liabilities to Gross Asset Value shall not be more than 60% at any time, except that, during the period from the Closing Date to and including December 31, 1998, such ratio shall not be more than 65%.
Maximum Total Liabilities to Gross Asset Value. (i) Other than during the period of 270 days following an acquisition described in clause (ii), Total Liabilities at the end of each calendar quarter shall not exceed 60% of Gross Asset Value at such time; and (ii) in the event that Guarantor or its consolidated subsidiaries enters into an acquisition that is otherwise permitted under this Agreement with an acquisition price of $200,000,000 or greater, then for a period of up to 270 days following such acquisition, Total Liabilities at the end of each calendar quarter following such acquisition shall not exceed 65% of Gross Asset Value at such time.
Maximum Total Liabilities to Gross Asset Value. (i) Other than during the period of 270 days following an acquisition described in clause (ii), Total Liabilities at the end of each calendar quarter shall not exceed 60% of Gross Asset Value at such time; and (ii) in the event that Guarantor or its consolidated subsidiaries enters into an acquisition that is otherwise permitted under this Agreement with an acquisition price of $200,000,000 or greater, then for a period of up to 270 days following such acquisition, Total Liabilities at the end of each calendar quarter following such acquisition shall not exceed 65% of Gross Asset Value at such time.