Debt Service Test. The Company will not, and will not permit any of its Subsidiaries to, incur any Debt if the ratio of the Company’s Consolidated Income Available for Debt Service to the Company’s Annual Debt Service Charge for the four consecutive fiscal quarters most recently ended prior to the date on which such Debt is to be incurred would be less than 1.5 to 1.0, calculated on a pro forma basis after giving effect to the incurrence of such Debt and to the application of the proceeds therefrom, and calculated on the assumptions that:
Appears in 5 contracts
Samples: Fourth Supplemental Indenture (Sun Communities Inc), Indenture (Sun Communities Inc), Supplemental Indenture (Sun Communities Inc)
