Unencumbered Interest Coverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered EBITDA to (ii) Unsecured Debt Service for the Borrower’s fiscal quarter most recently ending, to be less than 1.75 to 1.00 at any time.
Appears in 2 contracts
Samples: Credit Agreement (Hospitality Properties Trust), Franchise Agreement (Hospitality Properties Trust)
Unencumbered Interest Coverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered EBITDA to (ii) Unsecured Debt Service for the Borrower’s fiscal quarter most recently ending, to be less than 1.75 2.00 to 1.00 at any time.
Appears in 2 contracts
Samples: Franchise Agreement (Hospitality Properties Trust), Franchise Agreement (Hospitality Properties Trust)
Unencumbered Interest Coverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered EBITDA for the fiscal quarter of the Borrower most recently ending and the three immediately preceding fiscal quarters to (ii) Unsecured Debt Service for the Borrower’s fiscal quarter most recently endingsuch period, to be less than 1.75 to 1.00 at any time.
Appears in 2 contracts
Samples: Credit Agreement (Service Properties Trust), Credit Agreement (Service Properties Trust)
Unencumbered Interest Coverage Ratio. The Borrower shall not permit the ratio of (i) Unencumbered EBITDA to (ii) Unsecured Debt Service for the Borrower’s 's fiscal quarter most recently ending, to be less than 1.75 2.50 to 1.00 at any time.
Appears in 1 contract
