Common use of Interest and Debt Service Coverage Ratios Clause in Contracts

Interest and Debt Service Coverage Ratios. (a) As of any date, the ratio of (i) Aggregate EBITDA, to (ii) Interest Expense of the Companies, on a consolidated basis, in each case for the twelve (12) month period ending on the date of determination, to be less than 2.0 to 1.0. For purposes of the foregoing, Aggregate EBITDA and Interest Expense shall include each Company's (as the case may be, but without duplication) Share of Aggregate EBITDA and Interest Expense of their respective Unconsolidated Affiliates.

Appears in 4 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

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Interest and Debt Service Coverage Ratios. (a) As of any date, the ratio of (i) Aggregate EBITDA, to (ii) Interest Expense of the Companies, on a consolidated basisConsolidated Basis, in each case for the twelve (12) month period ending on the date of determination, to be less than 2.0 to 1.0. For purposes of the foregoing, Aggregate EBITDA and Interest Expense shall include each Company's (as the case may be, but without duplication) Share of Aggregate EBITDA and Interest Expense of their respective Unconsolidated Affiliates.

Appears in 2 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

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Interest and Debt Service Coverage Ratios. (a) As of any date, the ratio of (i) Aggregate EBITDA, to (ii) Interest Expense of the Companies, on a consolidated basis, in each case for the twelve (12) month period ending on the date of determination, to be less than 2.0 to 1.0. For purposes of the foregoing, Aggregate EBITDA and Interest Expense shall include each Company's ’s (as the case may be, but without duplication) Share of Aggregate EBITDA and Interest Expense of their respective Unconsolidated Affiliates.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

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