Tenant Reporting Event. With respect to any Medical Asset that is a Pool Property, any such time as (a) the ratio of (i) EBITDAR to (ii) all base rent and additional rent due and payable by a tenant under its respective Lease during the previous twelve calendar months is less than 1.00 to 1.00, and (b) such tenant has failed to timely provide to the Borrower or any of its Subsidiaries, as landlord, any financial reporting information required to be delivered pursuant to the terms and conditions of its Lease.
Appears in 3 contracts
Samples: Term Loan Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
Tenant Reporting Event. With respect to any Medical Asset that is a Pool Property, any such time as (a) the ratio of (i) EBITDAR to (ii) all base rent and additional rent due and payable by a tenant under its respective Lease during the previous twelve calendar months is less than 1.00 to 1.00, and (b) such tenant has failed to timely provide to the Borrower Borrower, CVOP I or any itsany of its their respective Subsidiaries, as landlord, any financial reporting information required to be delivered pursuant to the terms and conditions of its Lease.
Appears in 1 contract
Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
Tenant Reporting Event. With respect to any Medical Asset that is a an Unencumbered Pool Property, any such time as (a) the ratio of (i) EBITDAR to (ii) all base rent and additional rent due and payable by a tenant under its respective Lease during the previous twelve calendar months is less than 1.00 to 1.00, and (b) such tenant has failed to timely provide to the Borrower or any of its Subsidiaries, as landlord, any financial reporting information required to be delivered pursuant to the terms and conditions of its Lease.
Appears in 1 contract
Samples: Credit Agreement (Carter Validus Mission Critical REIT, Inc.)
Tenant Reporting Event. With respect to any Medical Asset that is a Pool Property, any such time as (a) the ratio of (i) EBITDAR to (ii) all base rent and additional rent due and payable by a tenant under its respective Lease during the previous twelve calendar months is less than 1.00 to 1.00, and (b) such tenant has failed to timely provide to the Borrower or any of its Subsidiaries, as landlord, any financial reporting information required to be delivered pursuant to the terms and conditions of its Lease.
Appears in 1 contract
Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
