Variable Rate Debt. The ratio of (i) the aggregate outstanding ------------------ principal amount of Variable Rate Debt of the Borrower and its Subsidiaries determined on a consolidated basis to (ii) the Gross Asset Value of the Borrower -- and its Subsidiaries determined on a consolidated basis, to be greater than 0.35 to 1.00 at any time.
Appears in 2 contracts
Sources: Term Loan Agreement (Federal Realty Investment Trust), Credit Agreement (Federal Realty Investment Trust)