Unencumbered Debt Service Coverage Ratio. The Borrower will not at any time permit the ratio of Unencumbered Net Operating Income for the most recently completed full fiscal quarter, annualized, to Unencumbered Implied Debt Service (expressed as a percentage) to be less than 1.55 to 1.0.
Appears in 2 contracts
Samples: Credit Agreement (Global Net Lease, Inc.), Credit Agreement (Global Net Lease, Inc.)
Unencumbered Debt Service Coverage Ratio. The Borrower will not at any time permit the ratio of Unencumbered Net Operating Income for the most recently completed full fiscal quarter, annualized, to Unencumbered Implied Debt Service (expressed as a percentage) to be less than 1.55 1.50 to 1.0.
Appears in 2 contracts
Samples: Credit Agreement (Global Net Lease, Inc.), Credit Agreement (Global Net Lease, Inc.)
Unencumbered Debt Service Coverage Ratio. The Borrower will not at any time permit the ratio of the aggregate Unencumbered Net Operating Income of all Unencumbered Pool Assets for the most recently completed full four fiscal quarter, annualized, quarter period to Unencumbered Implied Debt Service (expressed as a percentage) Unsecured Interest Expense to be less than 1.55 1.75 to 1.0.
Appears in 1 contract
