Unencumbered Interest Coverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered Net Operating Income to (ii) Unsecured Debt Service for the Borrower’s fiscal quarter most recently ending, to be less than 1.750 to 1.0 at any time.
Appears in 6 contracts
Samples: Credit Agreement (Equity Commonwealth), Term Loan Agreement (Select Income REIT), Credit Agreement (Select Income REIT)
Unencumbered Interest Coverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered Net Operating Income NOI to (ii) Unsecured Debt Service for the Borrower’s fiscal quarter most recently ending, to be less than 1.750 1.75 to 1.0 1.00 at any time.
Appears in 4 contracts
Samples: Credit Agreement (Senior Housing Properties Trust), Term Loan Agreement (Senior Housing Properties Trust), Term Loan Agreement (Senior Housing Properties Trust)
Unencumbered Interest Coverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered Net Operating Income to (ii) Unsecured Debt Service for the Borrower’s fiscal quarter most recently ending, to be less than 1.750 2.0 to 1.0 at any time.
Appears in 4 contracts
Samples: Term Loan Agreement (Government Properties Income Trust), Term Loan Agreement (Government Properties Income Trust), Credit Agreement (Senior Housing Properties Trust)
Unencumbered Interest Coverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered Net Operating Income to (ii) Unsecured Debt Service for the Borrower’s fiscal quarter most recently ending, to be less than 1.750 to 1.0 1.00 at any time.
Appears in 3 contracts
Samples: Credit Agreement (Select Income Reit), Bridge Loan Agreement (Select Income REIT), Credit Agreement (Select Income REIT)
Unencumbered Interest Coverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered Net Operating Income to (ii) Unsecured Debt Service for the Borrower’s fiscal quarter most recently ending, to be less than 1.750 1.75 to 1.0 at any time1.00.
Appears in 3 contracts
Samples: Credit Agreement (Office Properties Income Trust), Credit Agreement (Government Properties Income Trust), Credit Agreement (Government Properties Income Trust)
Unencumbered Interest Coverage Ratio. The Borrower shall will not as of any Specified Date permit the ratio of (i) Unencumbered its Adjusted Net Operating Income from all Unencumbered Properties to (ii) Interest Expense on Unsecured Debt Service for the Borrower’s fiscal quarter most recently ending, Indebtedness to be less than 1.750 2.00 to 1.0 at for any timefiscal quarter.
Appears in 2 contracts
Samples: Credit Agreement (Liberty Property Limited Partnership), Credit Agreement (Liberty Property Limited Partnership)
Unencumbered Interest Coverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered Adjusted Net Operating Income for the period of four consecutive fiscal quarters most recently ended to (ii) Unsecured Debt Service Interest Expense for the Borrower’s fiscal quarter most recently endingsuch period, to be less than 1.750 2.00 to 1.0 at any time1.00.
Appears in 2 contracts
Samples: Term Loan Agreement (Post Apartment Homes Lp), Credit Agreement (Post Apartment Homes Lp)
Unencumbered Interest Coverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered Net Operating Income NOI to (ii) Unsecured Debt Service for the Borrower’s fiscal quarter most recently ending, to be less than 1.750 1.75 to 1.0 1.00 at any time.. LEGAL02/3698915037492873v32
Appears in 1 contract
Samples: Term Loan Agreement (Senior Housing Properties Trust)
Unencumbered Interest Coverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered Net Operating Income to (ii) Unsecured Debt Service for the BorrowerParent’s fiscal quarter most recently ending, to be less than 1.750 to 1.0 at any time.
Appears in 1 contract
