Minimum Consolidated Interest Coverage. As of the last day of any calendar quarter, the Loan Parties shall not permit the ratio of Consolidated Adjusted Net Income to Consolidated Interest Expense to be less than 1.75:1.0 (such amounts to be determined with reference to the preceding 12-month period ending on such last day).
Appears in 3 contracts
Samples: Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust), Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust), Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust)
Minimum Consolidated Interest Coverage. As of the last day of any calendar quarter, the Loan Parties shall not permit the ratio of Total Consolidated Adjusted Net Income to Consolidated Interest Expense to be less than 1.75:1.0 1.4:1.0 (such amounts to be determined with reference to the preceding 12-month period ending on such last day, or, before the first Anniversary, with reference to the period from the Closing Date to such last day).
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Royale Investments Inc)
Minimum Consolidated Interest Coverage. As of the last day of any calendar quarterFiscal Quarter, the Loan Parties shall not permit the ratio of Consolidated Adjusted Net Income to Consolidated Interest Expense to be less than 1.75:1.0 1.75 to 1.0; (such amounts to be determined with reference to the preceding twelve (12-) month period ending on such last day).;
Appears in 1 contract
Samples: Revolving Credit Agreement (Corporate Office Properties Trust)
Minimum Consolidated Interest Coverage. As of the last day of any calendar quarter, the Loan Parties shall not permit the ratio of Consolidated Adjusted Net Income to Consolidated Interest Expense to be less than 1.75:1.0 (such amounts to be determined with reference to the preceding 12-month period ending on such last day, or, before the first Anniversary, with reference to the period from the Closing Date to such last day).
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Corporate Office Properties Trust)
