Minimum Unsecured Interest Expense Coverage Ratio Sample Clauses

Minimum Unsecured Interest Expense Coverage Ratio. The Parent shall not permit the ratio of (i) Adjusted NOI to (ii) Unsecured Interest Expense of Parent and its Subsidiaries to be less than 2.00 to 1.00 at any time; provided, however, that notwithstanding the foregoing, (A) during the first two fiscal quarters ending during the Covenant Threshold Adjustment Period, if then in effect, the ratio of Adjusted NOI to Unsecured Interest Expense may be less than 2.00 to 1.00 but shall not be less than 1.65 to 1.00 at any time and (B) during the second two fiscal quarters ending during the Covenant Threshold Adjustment Period, if then in effect, the ratio of Adjusted NOI to Unsecured Interest Expense may be less than 2.00 to 1.00 but shall not be less than 1.75 to 1.00 at any time. Notwithstanding the foregoing, for purposes of calculating the foregoing, (A) for the last full fiscal quarter period of the Covenant Relief Period (which, (x) if the Covenant Relief Period ends pursuant to clause (i) of the definition thereof will be the period for which the Borrower calculated the Financial Covenants in the Covenant Relief Termination Notice and (y) if the Covenant Relief Period ends pursuant to clause (ii) of the definition thereof, will be March 31, 2022), Adjusted NOI and Unsecured Interest Expense shall be measured as, at Borrower’s election, either (I) Adjusted NOI and Unsecured Interest Expense for the two fiscal quarter period ending on such date multiplied by 2, or (II) Adjusted NOI and Unsecured Interest Expense for the single fiscal quarter ending on such date multiplied by 4; (B) for the fiscal quarter period immediately following the fiscal quarter period described in clause (A), Adjusted NOI and Unsecured Interest Expense shall be measured as, either (I) if for clause (A) above, Adjusted NOI and Unsecured Interest Expense was measured based on sub-clause (I) thereof, then Adjusted NOI and Unsecured Interest Expense shall be measured as Adjusted NOI and Unsecured Interest Expense for the three fiscal quarter period ending on such date multiplied by 4/3, or (II) if for clause (A) above, Adjusted NOI and Unsecured Interest Expense was measured based on sub-clause (II) thereof, then Adjusted NOI and Unsecured Interest Expense shall be measured as Adjusted NOI and Unsecured Interest Expense for the two fiscal quarter period ending on such date multiplied by 2; and (C) for the fiscal quarter period immediately following the fiscal quarter period described in clause (B), Adjusted NOI and Unsecured Interest Expe...
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Minimum Unsecured Interest Expense Coverage Ratio. The Parent shall not permit the ratio of (i) Adjusted NOI to (ii) Unsecured Interest Expense of Parent and its Subsidiaries to be less than 2.00 to 1.00 at any time. ​
Sample 1Sample 2
Minimum Unsecured Interest Expense Coverage Ratio. As of the first ------------------------------------------------- day of each calendar quarter, for the immediately preceding calendar quarter, the ratio of (i) Unencumbered NOI to (ii) Unsecured Interest Expense shall not be less than 2.5 to 1.0.
Sample 1

Related to Minimum Unsecured Interest Expense Coverage Ratio

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Minimum Unsecured Interest Coverage Ratio As of the last day of any fiscal quarter, the Unsecured Interest Coverage Ratio for the Parent, on a consolidated basis, for the fiscal quarter then ended, annualized, to be less than or equal to 1.75 to 1.00; and

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Minimum Consolidated Fixed Charge Coverage Ratio Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio, determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, to be less than 1.00 to 1.00.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Consolidated Debt Service Coverage Ratio Permit the Consolidated Debt Service Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25:1.00.

  • Maximum Consolidated Leverage Ratio As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • Ratio of Total Debt to EBITDAX The Borrower will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 3.5 to 1.0.

  • Minimum Fixed Charge Coverage Ratio The Borrowers shall not permit the Fixed Charge Coverage Ratio to be less than 1.05 to 1.00, measured as of the last day of each Fiscal Quarter for the prior four fiscal quarters subject to adjustments to such measurement period as set forth in the definition of Fixed Charge Coverage Ratio.

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