Ratio of Secured Indebtedness to Gross Asset Value Clause Samples
The "Ratio of Secured Indebtedness to Gross Asset Value" clause sets a limit on the amount of secured debt a party can have relative to the total value of its assets. Typically, this clause requires that the secured indebtedness does not exceed a specified percentage of the gross asset value, ensuring that the borrower's leverage remains within agreed-upon boundaries. By imposing this restriction, the clause helps protect lenders by reducing the risk of over-leveraging and maintaining the financial stability of the borrower.
Ratio of Secured Indebtedness to Gross Asset Value. The Borrower shall not permit the ratio of (i) the aggregate principal amount of Secured Indebtedness of the Borrower and its Subsidiaries determined on a consolidated basis to (ii) Gross Asset Value at the end of any fiscal quarter, to exceed 0.40 to 1.00 as at the end of such fiscal quarter.
Ratio of Secured Indebtedness to Gross Asset Value. The Parent shall not at any time permit the ratio of Secured Indebtedness of the Parent and its Consolidated Subsidiaries to Gross Asset Value of the Parent and its Consolidated Subsidiaries to exceed 0.35 to 1.00 at any time.
Ratio of Secured Indebtedness to Gross Asset Value. The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries determined on a consolidated basis to (ii) Gross Asset Value of the Borrower and its Subsidiaries determined on a consolidated basis to exceed 0.25 to 1.00 at any time.
Ratio of Secured Indebtedness to Gross Asset Value. The ratio of (i) the aggregate amount of Secured Indebtedness of the Borrower and its Subsidiaries determined on a consolidated basis as of the end of any fiscal quarter ending during the term of this Agreement to (ii) Gross Asset Value as of the end of such fiscal quarter, to be greater than or equal to 0.10 to 1.00 at the end of such fiscal quarter.
Ratio of Secured Indebtedness to Gross Asset Value. The Parent shall not permit the ratio of (i) Secured Indebtedness of the Parent and its Subsidiaries determined on a consolidated basis to (ii) Gross Asset Value to exceed 0.50 to 1.00 at any time.
Ratio of Secured Indebtedness to Gross Asset Value. The Borrower shall not permit the ratio of (i) the sum of (A) the aggregate principal amount of Secured Indebtedness of the Borrower and its, its Wholly Owned Subsidiaries and its Supermajority Owned Subsidiaries determined on a consolidated basis plus (B) the Borrower’s Ownership Share of the aggregate principal amount of Secured Indebtedness of (x) Subsidiaries that are neither Wholly Owned Subsidiaries nor Supermajority Owned Subsidiaries, (y) Unconsolidated Affiliates and (z) Specified Funds to (ii) Gross Asset Value determined on a consolidated basis at the end of any fiscal quarter, to exceed 0.40 to 1.00 as at the end of such fiscal quarter.