Minimum Debt Yield. As of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, the ratio (expressed as a percentage) (the "Debt Yield") of (1) Combined EBITDA to (2) Total Adjusted Outstanding Indebtedness (less unrestricted Cash and Cash Equivalents of the Borrower) shall not be less than 13.5%.
Minimum Debt Yield. As of the last day of each fiscal quarter, the ratio (expressed as a percentage) of (i) the sum of (A) Combined EBITDA plus (B) interest paid from reserves established under construction loans to (ii) Total Adjusted Outstanding Indebtedness shall not be less than 13.25%.
Minimum Debt Yield. The Borrower will not at any time permit the Borrower Debt Yield to be less than or equal to fourteen percent (14.0%).
Minimum Debt Yield. The ratio of EBITDA (notwithstanding the definition of such term, with respect to any Westcor entity that has not achieved Stabilization, EBITDA for such entity shall be calculated for the most recent fiscal quarter and annualized) to Total Liabilities shall not be less than the ratios (expressed as a percentage) set forth below for the periods indicated below: Period
Minimum Debt Yield. As of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, the ratio (expressed as a percentage) (the "DEBT YIELD") of (1) Combined EBITDA to (2) Total Adjusted Outstanding Indebtedness (less unrestricted Cash and Cash Equivalents of the Borrower) shall not be less than 13.5%.
Minimum Debt Yield. The Borrowers and Parent shall not permit the Debt Yield of the Loan Parties and their respective Subsidiaries determined on a consolidated basis for the fiscal quarter most recently ended to be less than (i) 9% from the Agreement Date through and including December 31, 2013, (ii) 9.75% from January 1, 2014 through and including June 30, 2015, and (iii) 11% thereafter.
Minimum Debt Yield. As of the last day of each fiscal quarter for the fiscal quarter then ended, annualized, the ratio (expressed as a percentage) of: (i) Combined EBITDA; to (ii) Total Adjusted Outstanding Indebtedness shall not be less than 16%.
Minimum Debt Yield an 11.5% Debt Yield Ratio on the collateral securing the obligations under the New Bank Term Loan Facility to be first tested at the end of first fiscal quarter of 2023 and on a quarterly basis thereafter; (ii)
Minimum Debt Yield. For the immediately preceding consecutive four fiscal quarters, the ratio (the "MINIMUM DEBT YIELD") (expressed as a percentage) of (i) Combined EBITDA to (ii) Total Adjusted Outstanding Indebtedness shall not be less than 13%; PROVIDED, that for purposes of calculation, (x) this ratio will exclude Indebtedness from construction financing until the sooner of (A) the first full 18 calendar months commencing on the initial loan draw of such construction financing, or (B) the point at which the project becomes an operating property and has one full calendar quarter of EBITDA) and (y) with respect to acquisitions of operating properties, any operating property acquired during the immediately preceding four (4) fiscal quarters, this ratio shall be calculated on the basis of (I) actual financial results for each full fiscal quarter following the acquisition during such period plus (II) estimated pro-forma performance of the property approved by the Administrative Agent for such additional fiscal quarters as is necessary so that the number of fiscal quarters covered by clauses (I) and (II) equals four (4).
Minimum Debt Yield. The Outstanding Obligations shall not exceed an amount such that the Property Debt Yield would be less than 10.50%.
