Common use of Indebtedness and Cash Flow Covenants Clause in Contracts

Indebtedness and Cash Flow Covenants. The General Partner on a consolidated basis with the Borrower and their Subsidiaries shall not, as of the last day of any fiscal quarter, permit: (i) the ratio of EBITDA to Interest Expense to be less than 2.25 to 1.0 for the quarter then ended; (ii) the ratio of EBITDA to Fixed Charges to be less than 1.75 to 1.0 for the quarter then ended; (iii) Total Liabilities to exceed fifty-five percent (55%) of Market Capitalization; (iv) Consolidated Total Indebtedness to exceed fifty percent (50%) of Market Capitalization; (v) the Value of Unencumbered Assets to be less than 1.85 times the Consolidated Senior Unsecured Indebtedness; (vi) the ratio obtained by dividing: (a) the Property Operating Income from all Unencumbered Assets by (b) Debt Service on Consolidated Unsecured Indebtedness to be less than 2.00 to 1.0 for the quarter then ended; or (vii) Consolidated Secured Indebtedness to exceed thirty-five percent (35%) of Market Capitalization.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Duke Weeks Realty Limited Partnership), Revolving Credit Agreement (Duke Weeks Realty Limited Partnership)

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Indebtedness and Cash Flow Covenants. The General Partner on a consolidated basis with the Borrower and their Subsidiaries shall not, as of the last day of any fiscal quarter, permit: (i) the ratio of EBITDA to Interest Expense to be less than 2.25 to 1.0 for the quarter then ended; (ii) the ratio of Adjusted EBITDA to Fixed Charges to be less than 1.75 to 1.0 for the quarter then ended; (iii) Total Liabilities to exceed fifty-five percent (55%) of Market Capitalization; (iv) Consolidated Total Indebtedness to exceed fifty percent (50%) of Market Capitalization; (v) the Value of Unencumbered Assets to be less than 1.85 1.75 times the Consolidated Senior Unsecured Indebtedness; (vi) the ratio obtained by dividing: (a) the Property Operating Income from all Unencumbered Assets by (b) Debt Service on Consolidated Unsecured Indebtedness to be less than 2.00 to 1.0 for the quarter then ended; or (vii) Consolidated Secured Indebtedness to exceed thirty-five percent (35%) of Market Capitalization.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Duke Realty Corp), Revolving Credit Agreement (Duke Realty Limited Partnership/)

Indebtedness and Cash Flow Covenants. The General Partner on a consolidated basis with the Borrower and their Subsidiaries shall not, as of the last day of any fiscal quarter, permit: (i) the ratio of EBITDA to Interest Expense to be less than 2.25 to 1.0 for the quarter then ended; (ii) the ratio of Adjusted EBITDA to Fixed Charges to be less than 1.75 to 1.0 for the quarter then ended; (iii) Total Liabilities to exceed fifty-five percent (55%) % of Market Capitalization; (iv) Consolidated Total Indebtedness to exceed fifty percent (50%) % of Market Capitalization; (v) the Value of Unencumbered Assets to be less than 1.85 1.75 times the Consolidated Senior Unsecured Indebtedness; (vi) the ratio obtained by dividing: (a) the Property Operating Income from all Unencumbered Assets by (b) Debt Service on Consolidated Unsecured Indebtedness to be less than 2.00 to 1.0 for the quarter then ended; or (vii) Consolidated Secured Indebtedness to exceed thirty-five percent (35%) % of Market Capitalization.

Appears in 2 contracts

Samples: Term Loan Agreement (Duke Realty Limited Partnership/), Term Loan Agreement (Duke Realty Corp)

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Indebtedness and Cash Flow Covenants. The General Partner on a consolidated basis with the Borrower and their Subsidiaries shall not, as of the last day of any fiscal quarter, permit: (i) the ratio of EBITDA to Interest Expense to be less than 2.25 to 1.0 for the quarter then ended; (ii) the ratio of Adjusted EBITDA to Fixed Charges to be less than 1.75 to 1.0 for the quarter then ended; (iii) Total Liabilities to exceed fifty-five percent (55%) of Market Capitalization; (iv) Consolidated Total Indebtedness to exceed fifty percent (50%) of Market Capitalization; (v) the Value of Unencumbered Assets to be less than 1.85 times the Consolidated Senior Unsecured Indebtedness; (vi) the ratio obtained by dividing: (a) the Property Operating Income from all Unencumbered Assets by (b) Debt Service on Consolidated Unsecured Indebtedness to be less than 2.00 to 1.0 for the quarter then ended; or (vii) Consolidated Secured Indebtedness to exceed thirty-five percent (35%) of Market Capitalization.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Duke Realty Corp), Revolving Credit Agreement (Duke Realty Corp)

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