Common use of Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense Clause in Contracts

Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense. The Company shall not permit the ratio of (i) Unencumbered Adjusted NOI for any Test Period to (ii) Unsecured Interest Expense of the Parent for such period to be less than (x) 1.75 to 1.00 as at the end of the final fiscal quarter occurring during the Covenant Relief Period (which shall in no event be later than the fiscal quarter ending June 30March 31, 20212022) and the next three (3) fiscal quarterquarters thereafter; and (y) 2.00 to 1.00 thereafter.

Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense. The Company shall not permit the ratio of (i) Unencumbered Adjusted NOI for any Test Period to (ii) Unsecured Interest Expense of the Parent for such period to be less than (x) 1.75 1.50 to 1.00 as at the end of the final fiscal quarter occurring during the Covenant Relief Period (which shall in no event be later than the fiscal quarter Test Periods ending June 30March December 31, 20212022) 2022, March 31, 2023, June 30, 2023, September 30, 2023 and the next three (3) fiscal quarterquarters thereafterDecember 31, 2023; and (y) 2.00 1.75 to 1.00 thereafter.

Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense. The Company shall not permit the ratio of (i) Unencumbered Adjusted NOI for any Test Period to (ii) Unsecured Interest Expense of the Parent for such period to be less than (x2.00 to 1.00.(x) 1.75 to 1.00 as at the end of the final fiscal quarter occurring during the Covenant Relief Period (which shall in no event be later than the fiscal quarter ending June 30March 3130, 202120222021) and the next three (3) fiscal quarterquarters quarter thereafter; and (y) 2.00 to 1.00 thereafter.

Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense. The Company shall not permit the ratio of (i) Unencumbered Adjusted NOI for any Test Period to (ii) Unsecured Interest Expense of the Parent for such period to be less than (x) 1.75 to 1.00 as at the end of the final fiscal quarter occurring during the Covenant Relief Period (which shall in no event be later than the fiscal quarter ending June 30March 3130, 202120222021) and the next three (3) fiscal quarterquarters quarter thereafter; and (y) 2.00 to 1.00 thereafter.

Ratio of Unencumbered Adjusted NOI to Unsecured Interest Expense. The Company shall not permit the ratio of (i) Unencumbered Adjusted NOI for any Test Period to (ii) Unsecured Interest Expense of the Parent for such period to be less than (x) 1.75 to 1.00 as at the end of the final fiscal quarter occurring during the Covenant Relief Period (which shall in no event be later than the fiscal quarter ending June 30March 30, 2021March 31, 202120222022) and the next three (3) fiscal quarterquarters thereafter; and (y) 2.00 to 1.00 thereafter.