Common use of Relationship of Unencumbered Combined EBITDA to Interest Expense on Unsecured Indebtedness Clause in Contracts

Relationship of Unencumbered Combined EBITDA to Interest Expense on Unsecured Indebtedness. As of the end of any calendar quarter, the ratio of (1) Unencumbered Combined EBITDA to (2) that portion of Interest Expense attributable to Unsecured Indebtedness, each for the prior twelve (12)-month period then ended and taken as a whole, to be less than 1.50 to 1.00.

Appears in 4 contracts

Samples: Loan Agreement (Taubman Realty Group LTD Partnership), Loan Agreement (Taubman Centers Inc), Revolving Loan Agreement (Taubman Centers Inc)

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Relationship of Unencumbered Combined EBITDA to Interest Expense on Unsecured Indebtedness. As of the end of any calendar quarter, the ratio of (1i) Unencumbered Combined EBITDA to (2ii) that portion of Interest Expense attributable to Unsecured Indebtedness, each for the prior twelve (12)-month period then ended and taken as a whole, to be less than 1.50 to 1.00.

Appears in 1 contract

Samples: Revolving Credit Agreement (Taubman Realty Group LTD Partnership)

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