Unencumbered Interest Coverage Ratio. As at the end of each fiscal quarter of the Borrower, the ratio of Unencumbered EBITDA to Unsecured Interest Expense, each for the period of four consecutive fiscal quarters then ended, to be less than 2.0 to 1.0.
Appears in 4 contracts
Samples: Revolving Credit and Term Loan Agreement (Taubman Centers Inc), Revolving Credit and Term Loan Agreement (Taubman Centers Inc), Term Loan Agreement (Taubman Centers Inc)
Unencumbered Interest Coverage Ratio. As at the end of each fiscal quarter of the Borrower, the The ratio of (i) Unencumbered EBITDA to (ii) Unsecured Interest Expense, each Debt Service for the period of four consecutive Borrower’s fiscal quarters then endedquarter most recently ending, to be less than 2.0 2.00 to 1.01.00 at any time.
Appears in 3 contracts
Samples: Credit Agreement (Hospitality Properties Trust), Interim Loan Agreement (Hospitality Properties Trust), Credit Agreement (Hospitality Properties Trust)
Unencumbered Interest Coverage Ratio. As at the end of each the preceding fiscal quarter of the Borrower, the ratio of Unencumbered EBITDA to Unsecured Interest Expense, each for the period of four consecutive fiscal quarters then ended, is equal to, or greater than, 2.00 to be less than 2.0 to 1.01.00.
Appears in 3 contracts
Samples: Revolving Credit and Term Loan Agreement (Taubman Centers Inc), Term Loan Agreement (Taubman Centers Inc), Revolving Credit Agreement (Taubman Centers Inc)
Unencumbered Interest Coverage Ratio. As at of the end last day of each fiscal quarter of for the Borrowerfiscal quarter then ended, the ratio of (i) Unencumbered Combined EBITDA to (ii) Unsecured Interest Expense, each for the period of four consecutive fiscal quarters then ended, to shall not be less than 2.0 1.75 to 1.01.00.
Appears in 1 contract
Samples: Revolving Credit Agreement (U S Restaurant Properties Inc)
