Common use of Relationship of Secured Indebtedness to Capitalization Value Clause in Contracts

Relationship of Secured Indebtedness to Capitalization Value. At any time, Secured Indebtedness to exceed thirty-five percent (35%) of Capitalization Value; or

Relationship of Secured Indebtedness to Capitalization Value. At any time, Secured Indebtedness to exceed thirty-five thirty percent (3530%) of Capitalization ValueValue (it being understood that, for purposes of this covenant, all margin debt on cash and cash equivalent securities shall be excluded from Secured Indebtedness); or