Minimum Unsecured Interest Coverage Ratio. Permit, as of the last day of each calendar quarter, the ratio of (i) Unencumbered Property NOI plus Unencumbered Management EBITDA for such calendar quarter to (ii) Interest Expense on Total Unsecured Outstanding Indebtedness for the same calendar quarter to be less than 2.00 to 1.00.
Appears in 3 contracts
Samples: Credit Agreement (W P Carey & Co LLC), Credit Agreement (W P Carey & Co LLC), Term Loan Credit Agreement (W. P. Carey Inc.)
Minimum Unsecured Interest Coverage Ratio. Permit, as of the last day of each calendar quarter, the ratio of (i) Unencumbered Property NOI plus Unencumbered Management EBITDA for such calendar quarter to (ii) Interest Expense on Total Unsecured Outstanding Indebtedness for the same calendar quarter to be less than 2.00 1.75 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (W. P. Carey Inc.), Credit Agreement (W. P. Carey Inc.)
Minimum Unsecured Interest Coverage Ratio. Permit, as As of the last first day of each calendar quarter, the ratio of (i) Adjusted Unencumbered Property NOI plus Unencumbered Management Total EBITDA for such the preceding calendar quarter to (ii) Unsecured Interest Expense on Total Unsecured Outstanding Indebtedness for the same preceding calendar quarter to shall not be less than 2.00 2.5 to 1.001.0.
Appears in 1 contract
Minimum Unsecured Interest Coverage Ratio. Permit, as of the last day of each calendar quarter, the ratio of (i) Unencumbered Property NOI plus Unencumbered Management EBITDA for such calendar quarter to (ii) Interest Expense on Total Unsecured Outstanding Indebtedness for the same calendar quarter to be less than 2.00 to 1.00.
Appears in 1 contract
Samples: Credit Agreement (Corporate Property Associates 17 - Global INC)
