Common use of Borrowing Base Interest Coverage Ratio Clause in Contracts

Borrowing Base Interest Coverage Ratio. Permit the ratio of Borrowing Base NOI for any period of four consecutive fiscal quarters of the Borrower to Facility Interest Expense for such period to be less than 2.0 to 1.0 as at the last day of any period of four consecutive fiscal quarters of the Borrower or on the date of any incurrence of Indebtedness by the Borrower or its subsidiaries.

Borrowing Base Interest Coverage Ratio. Permit the The ratio of Borrowing Base NOI for any period of four consecutive fiscal quarters of the Borrower to Facility Interest Expense for such period to be less is greater than 2.0 to 1.0 as [at the last day of any period of the four consecutive fiscal quarters prior to the execution of the Borrower or this certificate] [or] [on the date of any incurrence of incurring Indebtedness by the Borrower or its subsidiariesSubsidiaries].