Relationship of Combined EBITDA to Total Outstanding Indebtedness. As of the end of any calendar quarter, the ratio (expressed as a percentage) of (i) Combined EBITDA for the twelve (12)-month period then ended and taken as a whole to (ii) Total Outstanding Indebtedness as of the end of such calendar quarter, to be less than 11.5%; or
Appears in 2 contracts
Samples: Revolving Credit Agreement (Taubman Realty Group LTD Partnership), Secured Revolving Credit Agreement (Taubman Centers Inc)
Relationship of Combined EBITDA to Total Outstanding Indebtedness. As of the end of any calendar quarter, the ratio (expressed as a percentage) of (i) Combined EBITDA for the twelve (12)-month period then ended and taken as a whole to (ii) Total Outstanding Indebtedness as of the end of such calendar quarter, to be less than 11.512%; or
Appears in 2 contracts
Samples: Secured Revolving Credit Agreement (Taubman Centers Inc), Secured Revolving Credit Agreement (Taubman Centers Inc)
Relationship of Combined EBITDA to Total Outstanding Indebtedness. As of the end of At any calendar quartertime, the ratio (expressed as a percentage) of (i1) Combined EBITDA for the twelve most recently ended calendar quarter, annualized (12)-month period then ended and taken as a whole i.e., multiplied by four (4), to (ii2) Total Outstanding Indebtedness as of the end of such calendar quarter, to be less than 11.5fifteen percent (15%; or).
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Relationship of Combined EBITDA to Total Outstanding Indebtedness. As of the end of any calendar quarter, the ratio (expressed as a percentage) of (i) Combined EBITDA for the twelve (12)-month period then ended and taken as a whole to (ii) Total Outstanding Indebtedness as of the end of such calendar quarter, to be less than 11.513.5%; or
Appears in 1 contract
Samples: Revolving Credit Agreement (Taubman Realty Group LTD Partnership)
Relationship of Combined EBITDA to Total Outstanding Indebtedness. As of the end of At any calendar quartertime, the ratio (expressed as a percentage) of (i1) Combined EBITDA for the twelve most recently ended calendar quarter, annualized (12)-month period then ended and taken as a whole i.e., multiplied by four (4), to (ii2) Total Outstanding Indebtedness as of the end of such calendar quarter, to be less than 11.5fifteen percent (15%); or
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Relationship of Combined EBITDA to Total Outstanding Indebtedness. As of the end of For any calendar quarter, the ratio (expressed as a percentage) of (i1) Combined EBITDA for the twelve (12)-month period then ended and taken as a whole such calendar quarter annualized, to (ii2) Total Outstanding Indebtedness as of the end of such calendar quarter, to be less than 11.5fifteen percent (15%); or
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