Common use of Ratio of Adjusted EBITDA to Fixed Charges Clause in Contracts

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended to (ii) Fixed Charges for the period of four fiscal quarters most recently ended, to be less than 1.50 to 1.00 as of the last day of such period of four fiscal quarters.

Appears in 7 contracts

Samples: Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Lp)

AutoNDA by SimpleDocs

Ratio of Adjusted EBITDA to Fixed Charges. The Parent and the Borrower shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries for the period of four any two consecutive fiscal quarters most recently ended quarter period, annualized, to (ii) Fixed Charges of the Parent and its Subsidiaries for the period of four such two consecutive fiscal quarters most recently endedquarter period, annualized, to be less than 1.50 1.55 to 1.00 as of the last day of such two consecutive fiscal quarter period at any time during such period of four fiscal quartersdetermination.

Appears in 3 contracts

Samples: Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries for the period of four any fiscal quarters most recently ended quarter to (ii) Fixed Charges for the period of four such fiscal quarters most recently endedquarter, to be less than 1.50 to 1.00 as of the last day of such period of four fiscal quartersquarter.

Appears in 3 contracts

Samples: And Consolidated Credit Agreement (Chambers Street Properties), Term Loan Agreement (Chambers Street Properties), Credit Agreement (Chambers Street Properties)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries determined on a consolidated basis for the period of four consecutive fiscal quarters most recently ended ending to (ii) Fixed Charges of the Parent and its Subsidiaries determined on a consolidated basis for the period of four fiscal quarters most recently endedsuch period, to be less than (A) 1.40 to 1 for any such period ending on or before December 31, 2008 and (B) 1.50 to 1.00 as of the last day of 1 for any such period of four fiscal quartersending after December 31, 2008.

Appears in 2 contracts

Samples: Term Loan Agreement (Pennsylvania Real Estate Investment Trust), Credit Agreement (Pennsylvania Real Estate Investment Trust)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries determined on a consolidated basis for the period of four consecutive fiscal quarters most recently ended to (ii) Fixed Charges of the Parent and its Subsidiaries determined on a consolidated basis for the period of four fiscal quarters most recently endedsuch period, to be less than (x) 1.40 to 1.00 for any such period ending on or before September 30, 2020, or (y) 1.50 to 1.00 as of the last day of 1.00, for any such period of four fiscal quartersending thereafter.

Appears in 2 contracts

Samples: Term Loan Agreement (Pennsylvania Real Estate Investment Trust), Credit Agreement (Pennsylvania Real Estate Investment Trust)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries determined on a consolidated basis for the period of four consecutive fiscal quarters most recently ended to (ii) Fixed Charges of the Parent and its Subsidiaries determined on a consolidated basis for the period of four fiscal quarters most recently endedsuch period, to be less than 1.50 to 1.00 as of the last day of such period of four fiscal quarters1.00.

Appears in 2 contracts

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust), Term Loan Agreement (Pennsylvania Real Estate Investment Trust)

Ratio of Adjusted EBITDA to Fixed Charges. (i) The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries for the period of four consecutive fiscal quarters most recently ended to (ii) Fixed Charges of the Parent and its Subsidiaries for the period of four fiscal quarters most recently endedsuch period, to be less than (x) prior to a Change of Control, 1.50 to 1.00 as at any time or (y) on and after a Change of the last day of such period of four fiscal quartersControl, 1.75 to 1.00 at any time.

Appears in 2 contracts

Samples: Credit Agreement (Sl Green Operating Partnership, L.P.), Credit Agreement (Sl Green Operating Partnership, L.P.)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (ix) Adjusted EBITDA for any fiscal quarter to (y) Fixed Charges of the Parent and its Consolidated Subsidiaries determined on a consolidated basis for the period of four such fiscal quarters most recently ended to (ii) Fixed Charges for the period of four fiscal quarters most recently endedquarter, to be less than 1.50 to 1.00 as of the last day of such period of four fiscal quartersat any time.

Appears in 2 contracts

Samples: Note Purchase Agreement (Excel Trust, L.P.), Assignment and Assumption Agreement (Excel Trust, Inc.)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries for the period of four consecutive fiscal quarters most recently ended to (ii) Fixed Charges of the Parent and its Subsidiaries for the such period of four fiscal quarters most recently ended, to be less than 1.50 1.75 to 1.00 as of the last day of such period of four fiscal quartersperiod.

Appears in 1 contract

Samples: Credit Agreement (American Homes 4 Rent)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries for the period of four any fiscal quarters most recently ended quarter to (ii) Fixed Charges of the Parent and its Subsidiaries determined on a consolidated basis for the period of four such fiscal quarters most recently endedquarter, to be less than 1.50 1.60 to 1.00 as of the last day of such period of four fiscal quartersquarter.

Appears in 1 contract

Samples: Credit Agreement (Pacific Office Properties Trust, Inc.)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries determined on a consolidated basis for the period of four consecutive fiscal quarters most recently ended to (ii) Fixed Charges of the Parent and its Subsidiaries determined on a consolidated basis for the period of four fiscal quarters most recently endedsuch period, to be less than (x) 1.45 to 1.00 for any such period ending on or before June 30, 2014, or (y) 1.50 to 1.00 as of the last day of 1.00, for any such period of four fiscal quartersending thereafter.

Appears in 1 contract

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)

AutoNDA by SimpleDocs

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) the product of (A) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries determined on a consolidated basis for the period of four two consecutive fiscal quarters most recently ended multiplied by (B) 2 to (ii) the product of (A) Fixed 61 Charges of the Parent and its Subsidiaries determined on a consolidated basis for the period of four two consecutive fiscal quarters most recently endedended multiplied by (B) 2, to be less than 1.50 to 1.00 as of the last day of such period of four any fiscal quartersquarter.

Appears in 1 contract

Samples: Term Loan Agreement (Parkway Properties Inc)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (ix) Adjusted EBITDA for any fiscal quarter to (y) Fixed Charges of the Parent and its Consolidated Subsidiaries determined on a consolidated basis for the period of four such fiscal quarters most recently ended to (ii) Fixed Charges for the period of four fiscal quarters most recently endedquarter, to be less than 1.50 to 1.00 as of each fiscal quarter ending after the last day of such period of four fiscal quartersThird Amendment Date.

Appears in 1 contract

Samples: Credit Agreement (Excel Trust, Inc.)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries for the period of four consecutive fiscal quarters most recently ended to (ii) Fixed Charges of the Parent and its Subsidiaries for the period of four fiscal quarters most recently endedsuch period, to be less than 1.50 (x) prior to a Change of Control, 1.40 to 1.00 as at any time or (y) on and after a Change of the last day of such period of four fiscal quartersControl, 1.75 to 1.00 at any time.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Sl Green Operating Partnership, L.P.)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries determined on a consolidated basis for the period of four consecutive fiscal quarters most recently ended ending to (ii) Fixed Charges of the Parent and its Subsidiaries determined on a consolidated basis for the period of four fiscal quarters most recently endedsuch period, to be less than 1.50 to 1.00 as of the last day of 1 for any such period of four fiscal quartersperiod.

Appears in 1 contract

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (ix) Adjusted EBITDA for any fiscal quarter to (y) Fixed Charges of the Parent and its Consolidated Subsidiaries determined on a consolidated basis for the period of four such fiscal quarters most recently ended to (ii) Fixed Charges for the period of four fiscal quarters most recently endedquarter, to be less than than: (x) 1.50 to 1.00 as of the last day end of such period each fiscal quarter ending prior to December 31, 2011; and (y) 1.750 to 1.00 as of four the fiscal quartersquarter ending December 31, 2011, and as of each fiscal quarter ending thereafter.

Appears in 1 contract

Samples: Credit Agreement (Excel Trust, Inc.)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) the product of (A) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries determined on a consolidated basis for the period of four two consecutive fiscal quarters most recently ended multiplied by (B) 2 to (ii) the product of (A) Fixed Charges of the Parent and its Subsidiaries determined on a consolidated basis for the period of four two consecutive fiscal quarters most recently endedended multiplied by (B) 2, to be less than 1.50 to 1.00 as of the last day of such period of four any fiscal quartersquarter.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Parkway Properties Inc)

Ratio of Adjusted EBITDA to Fixed Charges. The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Consolidated Subsidiaries determined on a consolidated basis for the period of four consecutive fiscal quarters most recently ended to (ii) Fixed Charges of the Parent and its Subsidiaries determined on a consolidated basis for the period of four fiscal quarters most recently endedsuch period, to be less than 1.50 (x) 1.35 to 1.00 as of 1.00, prior to the last day of such period of four fiscal quartersOptional Amendment Effective Date or (y) 1.40 to 1.00, on and after the Optional Amendment Effective Date.

Appears in 1 contract

Samples: And Consolidated Credit Agreement (Pennsylvania Real Estate Investment Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.