Minimum Unencumbered Property NOI to Unsecured Interest Expense. As of the last day of each Fiscal Quarter of the Parent, the Loan Parties shall not permit the ratio of Property NOI of Unencumbered Asset Pool Properties for such Fiscal Quarter to Unsecured Interest Expense for such Fiscal Quarter to be less than 1.75 to 1.00.
Appears in 3 contracts
Samples: Credit Agreement (Centerspace), Term Loan Agreement (Centerspace), Credit Agreement (Centerspace)
Minimum Unencumbered Property NOI to Unsecured Interest Expense. As of the last day of each Fiscal Quarter fiscal quarter of the Parent, the Loan Transaction Parties shall not permit the ratio of Property NOI of Unencumbered Asset Pool Properties for such Fiscal Quarter fiscal quarter to Unsecured Interest Expense for such Fiscal Quarter fiscal quarter to be less than 1.75 to 1.00.
Appears in 1 contract
Samples: Note Agreement (Centerspace)
