Minimum Unencumbered Interest Coverage Sample Clauses
The Minimum Unencumbered Interest Coverage clause sets a required threshold for the ratio of income generated by unencumbered assets to the interest expenses associated with certain debts. In practice, this means the borrower must ensure that the earnings from assets not pledged as collateral are sufficient to cover interest payments by a specified multiple, often tested periodically through financial reporting. This clause helps lenders manage risk by ensuring the borrower maintains a healthy financial buffer, reducing the likelihood of default due to insufficient cash flow from freely available assets.
Minimum Unencumbered Interest Coverage. The Unencumbered Interest Coverage Ratio shall not be less than 2.00 to 1.00.
Minimum Unencumbered Interest Coverage. The Borrower shall not permit the ratio of (i) Unencumbered Real Property Adjusted NOI to (ii) Consolidated Interest Expense on Unsecured Indebtedness as of the end of any fiscal quarter of Borrower to be less than 1.75:1.
Minimum Unencumbered Interest Coverage. The ratio of (i) the sum of --------------------------------------
(A) Eligible Net Lease Income for the period of four consecutive fiscal quarters most recently ending plus (B) Eligible Mortgage Income for such period, to (ii) ---- Interest Expense in respect of Unsecured Debt for such period, to be less than 2.750 to 1.000.
Minimum Unencumbered Interest Coverage. Actual Unencumbered Real Property Adjusted NOI for all Unencumbered Real Property owned by Borrower or any Subsidiary for fiscal quarter ending on Statement Date: $
Minimum Unencumbered Interest Coverage. The Borrowers shall not permit the ratio of (i) Unencumbered Property Adjusted Aggregate NOI, to (ii) Consolidated Interest Expense on Unsecured Indebtedness for the four fiscal quarters ending on the date of measurement, to be less than the following: Closing Date through September 30, 2004: 1.40:1 October 1, 2004 through September 30, 2005 1.45:1 October 1, 2005 through the Maturity Date: 1.50:1
Minimum Unencumbered Interest Coverage. Permit the ratio of (i) Unencumbered Adjusted NOI for the immediately preceding fiscal quarter, and then annualized, to (ii) that portion of Consolidated Interest Expense attributable solely to Total Unsecured Debt for the immediately preceding calendar quarter, and then annualized to, at any time, be less than or equal to 2.00 to 1.00.
Minimum Unencumbered Interest Coverage. The ratio of (i) Net Operating Income of all Unencumbered Pool Properties to (ii) Unsecured Interest Expense, to be less than 2.00 to 1.00 at any time.