Minimum Unsecured Interest Coverage Sample Clauses
Minimum Unsecured Interest Coverage. Borrower shall not permit the ratio of Unencumbered NOI to the Interest Expense from the Eligible Unencumbered Property Pool to be less than 1.75:1.0. For the purpose of calculating NOI for this covenant 7.11(f), items (a)-(d) of the definition of Net Operating Income shall be adjusted to (i) exclude the amount attributable to the Properties disposed of during such fiscal quarter and (ii) adjust the amount attributable to Properties owned less than a full fiscal quarter so that such amount is grossed up as if the Property had been owned for the entire fiscal quarter.
Minimum Unsecured Interest Coverage. Prior to the Investment Grade Rating Date, the ratio of (i) Unencumbered Asset Adjusted NOI (which amount for each individual Unencumbered Asset, as well as the aggregate amount for all Unencumbered Assets, shall not be less than zero), to (ii) Unsecured Interest Expense shall not be less than 2.00 to 1.00.
Minimum Unsecured Interest Coverage. The Loan Parties shall not permit at any time the Unsecured Interest Coverage Ratio to be less than 1.50 to 1.00.