Common use of Minimum EBITDA to Fixed Charges Ratio Clause in Contracts

Minimum EBITDA to Fixed Charges Ratio. As of the Closing Date and the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending June 30, 2017, the Borrower shall not permit the ratio of (i) EBITDA for the Rolling Period then ended to (ii) Fixed Charges for such Rolling Period to be less than 1.50 to 1.00.

Appears in 2 contracts

Samples: Credit Agreement (Umh Properties, Inc.), Credit Agreement (Umh Properties, Inc.)

AutoNDA by SimpleDocs

Minimum EBITDA to Fixed Charges Ratio. As of the Closing Date and the last day of each Fiscal Quarter commencing with Rolling Period of the Fiscal Quarter ending June 30, 2017Borrower, the Borrower shall not permit the ratio of (i) EBITDA for the such Rolling Period then ended to (ii) Fixed Charges for such Rolling Period to be less than 1.50 (i) from the Closing Date through and including the Fiscal Quarter ending December 31, 2012, 1.65 to 1.001.0 and (ii) commencing with the Fiscal Quarter ending March 31, 2013 and at all times thereafter, 1.75 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Whitestone REIT), Credit Agreement (Whitestone REIT Operating Partnership, L.P.)

Minimum EBITDA to Fixed Charges Ratio. As of the Closing Date and the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending June 30December 31, 20172022, the Borrower shall not permit the ratio of (i) EBITDA for the Rolling Period then ended to (ii) Fixed Charges for such Rolling Period to be less than 1.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Umh Properties, Inc.)

AutoNDA by SimpleDocs

Minimum EBITDA to Fixed Charges Ratio. As of the Closing Date and the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending June 30, 20172013, the Borrower shall not permit the ratio of (i) EBITDA for the Rolling Period then ended to (ii) Fixed Charges for such Rolling Period to be less than 1.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Umh Properties, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!