Minimum Unsecured Interest Coverage Ratio. Permit the ratio of Unencumbered Adjusted NOI to Consolidated Implied Interest Expense for such period in respect of Consolidated Unsecured Indebtedness to be less than 2.00:1.00 as of the last day of each fiscal quarter of the Borrower for the period of four full fiscal quarters then ended.
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Samples: Credit Agreement (Apple Hospitality REIT, Inc.), Credit Agreement (Apple Hospitality REIT, Inc.), Credit Agreement (Apple Hospitality REIT, Inc.)
Minimum Unsecured Interest Coverage Ratio. Permit the ratio of Unencumbered Adjusted NOI to Consolidated Implied Interest Expense for such period in respect of Consolidated Unsecured Indebtedness to be less than 2.00:1.00 ratio, as of the last day of each fiscal quarter of the Borrower REIT for the period of four full fiscal consecutive quarters then ended, of Unencumbered NOI to Unsecured Interest Expense for such period to be less than 1.75:1.00.
Appears in 4 contracts
Samples: Credit Agreement (Acadia Realty Trust), Credit Agreement (Acadia Realty Trust), Credit Agreement (Acadia Realty Trust)
Minimum Unsecured Interest Coverage Ratio. Permit the ratio of Unencumbered Adjusted NOI to Consolidated Implied Interest Expense for such period in respect of Consolidated Unsecured Indebtedness to be less than 2.00:1.00 ratio, as of the last day of each fiscal quarter of the Borrower for REIT, of (i) Unencumbered NOI to (ii) the period of four full fiscal quarters then endedUnsecured Interest Expense to be less than 1.50:1.00.
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Minimum Unsecured Interest Coverage Ratio. Permit the ratio of Unencumbered Adjusted NOI to Consolidated Implied Interest Expense for such period in respect of Consolidated Unsecured Indebtedness to be less than 2.00:1.00 ratio, as of the last day of each fiscal quarter of the Borrower for REIT, of (i) Unencumbered NOI to (ii) the period of four full fiscal quarters then ended.Unsecured Interest Expense to be less than 1.50:1.00. 106
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Minimum Unsecured Interest Coverage Ratio. Permit the ratio of Unencumbered Adjusted NOI to Consolidated Implied Interest Expense for such period in respect of Consolidated Unsecured Indebtedness to be less than 2.00:1.00 as As of the last first day of each fiscal quarter quarter, for the immediately preceding fiscal quarter, and as of the Borrower date of each Borrowing (with pro forma adjustments made in accordance with GAAP for additional acquisitions and Indebtedness incurred during the period immediately preceding fiscal quarter), the ratio of four full fiscal quarters then ended(i) Adjusted Unencumbered NOI to (ii) Unsecured Interest Expense shall not be less than 1.75 to 1.00.
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Samples: Revolving Credit Agreement (Tower Realty Trust Inc)
