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 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 (other than the Excluded FelCor Subsidiaries) on a consolidated basis for such period to be less than the ratio set forth beside the applicable test date in the below table: Test Date Ratio In respect of any other test date prior to the fiscal quarter of the Parent Guarantor ending on March 31, 2020 2.00 to 1.00 In respect of the fiscal quarter of the Parent Guarantor ending on March 31, 2020 1.50 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on June 30, 2021 or (ii) the first fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 1.65 to 1.00 Test Date Ratio In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on September 30, 2021 or (ii) the second fiscal quarter of the Parent Guarantor date following the Covenant Relief Period Termination Date 1.65 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on December 31, 2021 or (ii) the third fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 1.65 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on March 31, 2022 or (ii) the fourth fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 2.00 to 1.00 For each of the test date occurring as of the end of the fiscal quarter of the Parent Guarantor thereafter 2.00 to 1.00 For the avoidance of doubt, Unencumbered Adjusted NOI does not include any income attributable to properties held by the Excluded FelCor Subsidiaries.

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 (other than the Excluded FelCor Subsidiaries) on a consolidated basis for such period to be less than the ratio set forth beside the applicable test date in the below table: Test Date Ratio In respect of any other test date prior to the fiscal quarter of the Parent Guarantor ending on March 31, 2020 2.00 to 1.00 In respect of the fiscal quarter of the Parent Guarantor ending on March 31, 2020 1.50 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on June 30, 2021 or (ii) the first fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 1.65 to 1.00 Test Date Ratio In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on September 30, 2021 or (ii) the second fiscal quarter of the Parent Guarantor date following the Covenant Relief Period Termination Date 1.65 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on December 31, 2021 or (ii) the third fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 1.65 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on March 31, 2022 or (ii) the fourth fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 2.00 to 1.00 For each of the test date occurring as of the end of the fiscal quarter of the Parent Guarantor thereafter 2.00 to 1.00 For the avoidance of doubt, Unencumbered Adjusted NOI does not include any income attributable to properties held by the Excluded FelCor Subsidiaries.

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 (other than the Excluded FelCor Subsidiaries) on a consolidated basis for such period to be less than the ratio set forth beside the applicable test date in the below table: Test Date Ratio In respect of any other test date prior to the fiscal quarter of the Parent Guarantor ending on March 31, 2020 2.00 to 1.00 In respect of the fiscal quarter of the Parent Guarantor ending on March 31, 2020 1.50 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on June 30March 31, 2021 or 2022 and (ii) the first fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 1.65 to 1.00 Test Date Ratio In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on September 30, 2021 or (ii) the second fiscal quarter of the Parent Guarantor date following the Covenant Relief Period Termination Date 1.65 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on December 31, 2021 or (ii) the third fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 1.65 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on March June 30, 2022 and (ii) the secondfirst fiscal quarter of the Parent Guarantor date following the Covenant Relief Period Termination Date 1.651.50 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on September 30, 2022 and (ii) the thirdsecond fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 1.65 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on December 31, 2022 or and (ii) the fourth fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 2.00 to 1.00 For each of the test date dates occurring as of the end of the fiscal quarter of the Parent Guarantor thereafter 2.00 to 1.00 For the avoidance of doubt, Unencumbered Adjusted NOI does not include any income attributable to properties held by the Excluded FelCor Subsidiaries.

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 (other than the Excluded FelCor Subsidiaries) on a consolidated basis for such period to be less than the ratio set forth beside the applicable test date in the below table: Test Date Ratio In respect of any other test date prior to the fiscal quarter of the Parent Guarantor ending on March 31, 2020 2.00 to 1.00 In respect of the fiscal quarter of the Parent Guarantor ending on March 31, 2020 1.50 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on June 30March 31, 2021 or 2022 and (ii) the first fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 1.65 to 1.00 Test Date Ratio In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on September 30, 2021 or (ii) the second fiscal quarter of the Parent Guarantor date following the Covenant Relief Period Termination Date 1.65 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on December 31, 2021 or (ii) the third fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 1.65 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on March June 30, 2022 and (ii) the secondfirst fiscal quarter of the Parent Guarantor date following the Covenant Relief Period Termination Date 1.651.50 to 1.00 Test Date Ratio In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on September 30, 2022 and (ii) the thirdsecond fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 1.65 to 1.00 In respect of the test date occurring as of the end of the earlier of (i) the fiscal quarter of the Parent Guarantor ending on December 31, 2022 or and (ii) the fourth fiscal quarter of the Parent Guarantor following the Covenant Relief Period Termination Date 2.00 to 1.00 For each of the test date dates occurring as of the end of the fiscal quarter of the Parent Guarantor thereafter 2.00 to 1.00 For the avoidance of doubt, Unencumbered Adjusted NOI does not include any income attributable to properties held by the Excluded FelCor Subsidiaries.