Interest Coverage. Seller shall not permit, during any Test Period, the ratio of (i) the sum of Consolidated Adjusted EBITDA of all Sellers at any time such Test Period to (ii) Consolidated Interest Expense of all Sellers at any time such Test Period to be less than 1.50 to 1.00.
Appears in 3 contracts
Samples: Master Repurchase Agreement (Gramercy Capital Corp), Master Repurchase Agreement (Gramercy Capital Corp), Master Repurchase Agreement (Gramercy Capital Corp)
Interest Coverage. Seller shall not permit, during any For each Test Period, the Sellers shall not permit the ratio of (iA) the sum of Consolidated Adjusted EBITDA of for all Sellers at any time for such Test Period to (iiB) Consolidated Interest Expense of for all Sellers at any time for such Test Period to be less than 1.50 1:5 to 1.001:0.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Northstar Realty), Master Repurchase Agreement (Northstar Realty)
Interest Coverage. Seller The Sellers shall not permit, during for any Test Period, the ratio of (iA) the sum of Consolidated Adjusted EBITDA of for all Sellers at any time for such Test Period to (iiB) Consolidated Interest Expense of for all Sellers at any time for such Test Period to be less than 1.50 1:5 to 1.001:0.β
Appears in 1 contract
Samples: Omnibus Amendment to Repurchase Documents (Northstar Realty)
Interest Coverage. Seller shall not permit, during any Test Period, the ratio of (i) the sum of Consolidated Adjusted EBITDA of all Sellers Seller at any time such Test Period to (ii) Consolidated Interest Expense of all Sellers Seller at any time such Test Period to be less than 1.50 to 1.00.
Appears in 1 contract
Samples: Acquisition Repurchase Agreement (Gramercy Capital Corp)
Interest Coverage. The Seller shall not permit, during for any Test Period, the ratio of (iA) the sum of its Consolidated Adjusted EBITDA of all Sellers at any time for such Test Period to (iiB) Consolidated its Interest Expense of all Sellers at any time for such Test Period to be less than 1.50 1:5 to 1.001:0.
Appears in 1 contract
