Unencumbered Net Operating Income to Unsecured Interest Expense. Borrower shall not permit the ratio of Unencumbered Net Operating Income for any Fiscal Quarter to Unsecured Interest Expense for such Fiscal Quarter to be less than 1.80:1.
Appears in 10 contracts
Samples: Loan Agreement (Equity Lifestyle Properties Inc), Term Loan Credit Agreement (Manufactured Home Communities Inc), Credit Agreement (Manufactured Home Communities Inc)
Unencumbered Net Operating Income to Unsecured Interest Expense. Borrower shall not permit the ratio of Unencumbered Net Operating Income for any the then most recently completed Fiscal Quarter to Unsecured Interest Expense for such the then most recently completed Fiscal Quarter to be less than 1.80:12.25:1.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Erp Operating LTD Partnership), Revolving Credit Agreement (Equity Residential Properties Trust)
Unencumbered Net Operating Income to Unsecured Interest Expense. Borrower shall not permit the ratio of Unencumbered Net Operating Income for any the then most recently completed Fiscal Quarter to Unsecured Interest Expense for such the then most recently completed Fiscal Quarter to be less than 1.80:12.00:1.
Appears in 1 contract
Samples: Revolving Credit Agreement (Equity Residential Properties Trust)
