Ending Net Debt/Gross Investment Property Ratio Multiplier. The “Ending Net Debt/Gross Investment Property Ratio Multiplier” shall equal the product of (x) one-half (1/2), multiplied by (y) the Base Ending Net Debt/Gross Investment Property Ratio Multiplier. The “Base Ending Net Debt/Gross Investment Property Ratio Multiplier” shall be determined in accordance with the table below: Greater than 75% 0 75% (“Threshold Ratio”) 0.5 70% (“Target Ratio”) 1.00 60% (“Maximum Ratio”) or lesser 2.00
Appears in 2 contracts
Samples: Performance Ltip Unit Award Agreement (Ashford Hospitality Trust Inc), Performance Stock Unit Award Agreement (Ashford Hospitality Trust Inc)
Ending Net Debt/Gross Investment Property Ratio Multiplier. The “Ending Net Debt/Gross Investment Property Ratio Multiplier” shall equal the product of (x) one-half third (1/21/3), multiplied by (y) the Base Ending Net Debt/Gross Investment Property Ratio Multiplier. The “Base Ending Net Debt/Gross Investment Property Ratio Multiplier” shall be determined in accordance with the table below: Greater than 75% 0 7546.0% (“Threshold Ratio”) 0.5 7042.0% (“Target Ratio”) 1.00 6038.0% (“Maximum Ratio”) or lesser less 2.00
Appears in 2 contracts
Samples: Performance Ltip Unit Award Agreement (Braemar Hotels & Resorts Inc.), Performance Stock Unit Award Agreement (Braemar Hotels & Resorts Inc.)
