Indebtedness and Cash Flow Covenants. GPLP shall not permit: (i) Adjusted Annual EBITDA to be less than 1.50 times Fixed Charges at any time; or (ii) Consolidated Outstanding Indebtedness to be more than sixty-five percent (65%) of Total Asset Value at any time.
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Samples: Term Loan Agreement (Glimcher Realty Trust), Term Loan Agreement (Glimcher Realty Trust)
Indebtedness and Cash Flow Covenants. GPLP shall not permit:
(i) i. Adjusted Annual EBITDA to be less than 1.50 1.40 times Fixed Charges at any time; or
(ii) . Consolidated Outstanding Indebtedness to be more than sixty-five sixty percent (6560%) of Total Asset Value at any time.
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Indebtedness and Cash Flow Covenants. GPLP shall not permit:
(ia) Adjusted Annual EBITDA to be less than 1.50 (i) 1.35 times Fixed Charges at any timetime prior to March 31, 2012; (ii) 1.40 times Fixed Charges from March 31, 2012 through March 30, 2013; or (iii) 1.45 times Fixed Charges at any time from and after March 31, 2013; or
(iib) Consolidated Outstanding Indebtedness to be more than sixty-five sixty percent (6560%) of Total Asset Value at any time.
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Indebtedness and Cash Flow Covenants. GPLP shall not permit:
(i) Adjusted Annual EBITDA to be less than 1.50 1.40 times Fixed Charges at any time; or
(ii) Consolidated Outstanding Indebtedness to be more than sixty-five sixty percent (6560%) of Total Asset Value at any time.
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Indebtedness and Cash Flow Covenants. GPLP shall not permit:
(i) Adjusted Annual EBITDA to be less than 1.50 1.35 times Fixed Charges at any time; or
(ii) Consolidated Outstanding Indebtedness to be more than sixty-five sixty percent (6560%) of Total Asset Value at any time.
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