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 12%; 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 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 1211.5%; or
Appears in 2 contracts
Samples: Secured Revolving Credit Agreement (Taubman Centers Inc), Revolving Credit Agreement (Taubman Realty Group LTD Partnership)
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 such 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, quarter to be less than 1215%; or.
Appears in 2 contracts
Samples: Revolving Loan Agreement (Bay Apartment Communities Inc), Revolving Loan Agreement (Bay Apartment Communities 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 1213.5%; 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 12fifteen percent (15%); or
Appears in 1 contract
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 12fifteen percent (15%); or
Appears in 1 contract
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 12fifteen percent (15%; or).
Appears in 1 contract
