Common use of Ratio of Secured Indebtedness to Total Asset Value Clause in Contracts

Ratio of Secured Indebtedness to Total Asset Value. The Borrower shall not permit the ratio of (i) Secured Indebtedness of ▇▇▇▇▇▇ REIT and its Subsidiaries, on a consolidated basis (which shall include ▇▇▇▇▇▇ REIT’s Ownership Share of Unconsolidated Affiliates in accordance with Section 1.2), to (ii) Total Asset Value, to exceed 0.45 to 1.00, at any time.

Ratio of Secured Indebtedness to Total Asset Value. The Borrower shall not permit the ratio of (i) Secured Indebtedness of ▇▇▇▇▇▇ REIT and its Subsidiaries, on a consolidated basis (which shall include ▇▇▇▇▇▇ REIT’s Ownership Share of Unconsolidated Affiliates in accordance with Section 1.2), to (ii) Total Asset Value, to exceed 0.45 0.60 to 1.00, at any timetime on or before September 23, 2015, and 0.55 to 1.00, at any time thereafter.