Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense. The Parent Guarantor and the Borrower shall not permit the ratio of (i) Unencumbered Adjusted NOI for any period of four (4) fiscal quarters to (ii) Unsecured Interest Expense on a consolidated basis for such period to be less than 2.00 to 1.00.
Appears in 6 contracts
Samples: Term Loan Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust), Term Loan Agreement (RLJ Lodging Trust)
Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense. The Parent Guarantor and the Borrower shall not permit the ratio of (i) Unencumbered Adjusted NOI of the Parent and its Subsidiaries for any period of four (4) the fiscal quarters quarter most recently ending to (ii) Unsecured Interest Expense on a consolidated basis of the Parent and its Subsidiaries for such period to be less than 2.00 to 1.001.00 at any time.
Appears in 5 contracts
Samples: Credit Agreement (Four Springs Capital Trust), Credit Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.)
Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense. The Parent Guarantor and the Borrower shall not permit the ratio of (i) Unencumbered Adjusted NOI of the Parent and its Subsidiaries for any the period of four (4) consecutive fiscal quarters most recently ending to (ii) Unsecured Interest Expense on a consolidated basis of the Parent and its Subsidiaries for such period to be less than 2.00 1.75 to 1.001.00 at any time.
Appears in 4 contracts
Samples: Credit Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.)
Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense. The Parent Guarantor and the Borrower Company shall not permit the ratio of (i) Unencumbered Adjusted NOI for any period of four (4) fiscal quarters Test Period to (ii) Unsecured Interest Expense on a consolidated basis of the Parent for such period to be less than 2.00 to 1.00.
Appears in 3 contracts
Samples: Delayed Draw Term Loan Agreement (Park Hotels & Resorts Inc.), Credit Agreement (Park Hotels & Resorts Inc.), Credit Agreement (Park Hotels & Resorts Inc.)
Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense. The Parent Guarantor and the Borrower shall not permit the ratio of (i) Unencumbered Adjusted NOI for any period of four (4) fiscal quarters to (ii) Unsecured Interest Expense of the Parent Guarantor and its Subsidiaries on a consolidated basis for such period to be less than 2.00 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)
Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense. The Parent Guarantor and the Borrower shall not permit the ratio of (i) Unencumbered Adjusted NOI of the Parent and its Subsidiaries for any the period of four (4) consecutive fiscal quarters most recently ending for which financial statements have been delivered to (ii) Unsecured Interest Expense on a consolidated basis of the Parent and its Subsidiaries for such period to be less than 2.00 1.75 to 1.001.00 at any time.
Appears in 2 contracts
Samples: Term Loan Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.)
Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense. The Parent Guarantor and the Borrower shall not permit the ratio of (i) Unencumbered Adjusted NOI of the Parent and its Subsidiaries for any the period of four (4) consecutive fiscal quarters quarterquarters most recently ending to (ii) Unsecured Interest Expense on a consolidated basis of the Parent and its Subsidiaries for such period to be less than 2.00 2.001.75 to 1.001.00 at any time.
Appears in 1 contract
Samples: Credit Agreement (NETSTREIT Corp.)
