Common use of Debt Coverage Ratio of Lessee Clause in Contracts

Debt Coverage Ratio of Lessee. From and after the second anniversary of the date hereof until the fourth anniversary hereof, Lessee shall maintain with respect to the Facility and all other Group Two Acquisition Facilities for each Fiscal Quarter an aggregate Debt Coverage Ratio equal to or greater than 1.1 to 1 and from and after the fourth anniversary thereof and for the remainder of the Term, Lessee shall maintain with respect to the Facility and all other Group Two Acquisition Facilities each Fiscal Quarter an aggregate Debt Coverage Ratio equal to or greater than 1.2 to 1.

Appears in 2 contracts

Samples: Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\)

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Debt Coverage Ratio of Lessee. From and after the second anniversary of the date hereof Conversion Date until the fourth anniversary hereofthereof, Lessee shall maintain with respect to the Facility and all other Group Two Acquisition Development Facilities for each Fiscal Quarter an aggregate Debt Coverage Ratio equal to or greater than 1.1 to 1 and from and after the fourth anniversary thereof and for the remainder of the Term, Lessee shall maintain with respect to the Facility and all other Group Two Acquisition Development Facilities each Fiscal Quarter an aggregate Debt Coverage Ratio equal to or greater than 1.2 to 1.

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

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Debt Coverage Ratio of Lessee. From and after the second anniversary of the date hereof until the fourth anniversary hereof, Lessee shall maintain with respect to the Facility and all other Group Two Four Acquisition Facilities for each Fiscal Quarter an aggregate Debt Coverage Ratio equal to or greater than 1.1 to 1 and from and after the fourth anniversary thereof hereof and for the remainder of the Term, Lessee shall maintain with respect to the Facility and all other Group Two Four Acquisition Facilities for each Fiscal Quarter an aggregate Debt Coverage Ratio equal to or greater than 1.2 to 1.

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

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