Minimum Fixed Charge Coverage Ratio. The ratio of (i) Consolidated Adjusted EBITDA for the two fiscal quarter period of the Borrower most recently ending (annualized) to (ii) Consolidated Total Fixed Charges for such period (annualized), to be less than 1.50 to 1.00 at the end of any fiscal quarter.
Appears in 9 contracts
Sources: Credit Agreement (UDR, Inc.), Credit Agreement (UDR, Inc.), Credit Agreement (UDR, Inc.)
Minimum Fixed Charge Coverage Ratio. The Permit the ratio of (i) Consolidated Adjusted EBITDA for the two fiscal quarter period of the Borrower most recently ending (annualized) to (ii) Consolidated Total Annualized Fixed Charges for such period (annualized), to be less than 1.50 to 1.00 at 1.15:1.00 as of the end last day of any fiscal quarterquarter of the Guarantor for the period of four fiscal quarters ended on such date.
Appears in 9 contracts
Sources: Credit Agreement (Safehold Inc.), Credit Agreement (Safehold Inc.), Credit Agreement (Safehold Inc.)
Minimum Fixed Charge Coverage Ratio. The ratio Permit the ratio, as of (i) Consolidated the last day of each fiscal quarter of the REIT, of Adjusted EBITDA for the two fiscal quarter period of the Borrower most recently ending (annualized) to (ii) Consolidated Total Fixed Charges for such period (annualized), to be less than 1.50 to 1.00 at the end of any fiscal quarter1.50:1.00.
Appears in 8 contracts
Sources: Credit Agreement (Acadia Realty Trust), Credit Agreement (Acadia Realty Trust), Credit Agreement (Acadia Realty Trust)
Minimum Fixed Charge Coverage Ratio. The Permit the ratio of (i) Adjusted Consolidated Adjusted EBITDA for the two fiscal quarter period of the Borrower most recently ending (annualized) to (ii) Consolidated Total Fixed Charges for such period (annualized), to be less than 1.50 to 1.00 at 1.50:1.00 as of the end last day of any each fiscal quarterquarter of the Borrower for the period of four full fiscal quarters then ended.
Appears in 4 contracts
Sources: Credit Agreement (Apple Hospitality REIT, Inc.), Credit Agreement (Apple Hospitality REIT, Inc.), Credit Agreement (Apple Hospitality REIT, Inc.)
Minimum Fixed Charge Coverage Ratio. The Permit the ratio of (i) Consolidated Adjusted EBITDA for the two fiscal quarter period of the Borrower most recently ending (annualized) Consolidated Group to (ii) Consolidated Total Fixed Charges for such period (annualized)Charges, as of the last day of any fiscal quarter of Borrower, to be less than 1.50 to 1.00 at the end of any fiscal quarter1.00.
Appears in 3 contracts
Sources: Revolving Credit Agreement (Clarion Partners Real Estate Income Fund Inc.), Revolving Credit Agreement (Clarion Partners Real Estate Income Fund Inc.), Revolving Credit Agreement (Invesco Real Estate Income Trust Inc.)
Minimum Fixed Charge Coverage Ratio. The ratio of (i) Consolidated Adjusted EBITDA for the two fiscal quarter period of the Borrower most recently ending (annualized) to (ii) Consolidated Total Fixed Charges for such period (annualized), to be less than 1.50 to 1.00 at the end of any quarter to be less than 1.40 to 1.0 as of the last day of each fiscal quarter.
Appears in 3 contracts
Sources: Credit Agreement (Sun Communities Inc), Credit Agreement (Sun Communities Inc), Credit Agreement (Sun Communities Inc)
Minimum Fixed Charge Coverage Ratio. The ratio of (i) Consolidated Adjusted EBITDA for the two fiscal quarter period of the Borrower most recently ending (annualized) to (ii) Consolidated Total Fixed Charges for such period (annualized), to be less than 1.50 to 1.00 at the end of any quarter to be less than 1.75 to 1.0 as of the last day of each fiscal quarter.
Appears in 2 contracts
Sources: Credit Agreement (Agree Realty Corp), Credit Agreement (Agree Realty Corp)
Minimum Fixed Charge Coverage Ratio. The Permit the ratio of (i) Consolidated Adjusted EBITDA as of the last day of each fiscal quarter for the two fiscal quarter period of the Borrower most recently ending (annualized) four full fiscal quarters then ended to (ii) Consolidated Total Fixed Charges for such period (annualized), of four full fiscal quarters to be less than 1.50 to 1.00 at the end of any fiscal quarter1.00.
Appears in 2 contracts
Sources: Credit Agreement (NorthStar Realty Europe Corp.), Credit Agreement (NorthStar Realty Europe Corp.)
Minimum Fixed Charge Coverage Ratio. The ratio of (i) Consolidated Adjusted EBITDA for the two fiscal quarter period of the Borrower most recently ending (annualized) to (ii) Consolidated Total Fixed Charges for such period (annualized), to be less than 1.50 to 1.00 at the end of any quarter to be less than 1.45 to 1.0 as of the last day of each fiscal quarter.
Appears in 2 contracts
Sources: Credit Agreement (Sun Communities Inc), Credit Agreement (Sun Communities Inc)
Minimum Fixed Charge Coverage Ratio. The Permit the ratio of (i) Adjusted Consolidated Adjusted EBITDA for the two fiscal quarter period of the Borrower most recently ending (annualized) to (ii) Consolidated Total Fixed Charges for such period (annualized), any fiscal quarter to be less than 1.50 to 1.00 at 1.50:1.00 as of the end last day of any such fiscal quarterquarter of the REIT.
Appears in 2 contracts
Sources: Credit Agreement (Paramount Group, Inc.), Credit Agreement (Paramount Group, Inc.)
Minimum Fixed Charge Coverage Ratio. The Borrower will not at any time permit the ratio of (i) Adjusted Consolidated Adjusted EBITDA for the two fiscal quarter period of the Borrower most recently ending (completed full fiscal quarter, annualized) , to (ii) Consolidated Total Fixed Charges for such period (the most recently completed full fiscal quarter, annualized), to be less than 1.50 to 1.00 at the end of any fiscal quarter1.00.
Appears in 1 contract
Minimum Fixed Charge Coverage Ratio. The ratio of (i) Consolidated Adjusted EBITDA for the two fiscal quarter period of the Borrower most recently ending (annualized) to (ii) Consolidated Total Fixed Charges for such period (annualized), to at the end of any quarter shall not be less than 1.50 to 1.00 at 1.0 as of the end last day of any each fiscal quarter.
Appears in 1 contract
Sources: Agreement to Amend Commitment Letter (Empire State Realty Trust, Inc.)
Minimum Fixed Charge Coverage Ratio. The Permit the ratio of (i) Consolidated Adjusted Combined EBITDA for the two fiscal quarter period of the Borrower most recently ending (annualized) to (ii) Consolidated Total Fixed Charges for such period (annualized), any fiscal quarter to be less than 1.50 to 1.00 at 1.50:1.00 as of the end last day of any such fiscal quarterquarter of the REIT.
Appears in 1 contract
Minimum Fixed Charge Coverage Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, the ratio of (i) Adjusted Consolidated Adjusted EBITDA to Consolidated Fixed Charges, in each case for the two fiscal quarter most recently ended period of the Borrower most recently ending four (annualized4) to (ii) Consolidated Total Fixed Charges for such period (annualized)fiscal quarters, to be less than 1.50 1.5 to 1.00 at the end of any fiscal quarter1.0.
Appears in 1 contract