Common use of Unsecured Interest Coverage Ratio Clause in Contracts

Unsecured Interest Coverage Ratio. Permit the ratio of Unencumbered NOI for any period of four consecutive fiscal quarters of the Borrower to Unsecured Interest Expense for such period to be less than 1.75 to 1.0 as at the last day of any period of four consecutive fiscal quarters of the Borrower or on the date of any incurrence of Indebtedness by the Borrower or its subsidiaries hereunder.

Unsecured Interest Coverage Ratio. Permit the The ratio of Unencumbered NOI for any period of four consecutive fiscal quarters of the Borrower to Unsecured Interest Expense for such period to be less is greater than 1.75 to 1.0 as at the last day of any period of the four consecutive fiscal quarters of the Borrower or on prior to the date execution of any incurrence of Indebtedness by the Borrower or its subsidiaries hereunderthis certificate.

Unsecured Interest Coverage Ratio. Permit the ratio of Unencumbered NOI for any period of four (4) consecutive fiscal quarters of the Borrower Operating Partnership to Unsecured Interest Expense for such period to be less than 1.75 to 1.0 as at the last day of any period of four (4) consecutive fiscal quarters of the Borrower Operating Partnership or on the date of any incurrence of Indebtedness by the Borrower Operating Partnership or its subsidiaries Subsidiaries hereunder.

Unsecured Interest Coverage Ratio. Permit the The ratio of Unencumbered NOI for any period of four consecutive fiscal quarters of the Borrower to Unsecured Interest Expense for such period to be less is greater than 1.75 2.0 to 1.0 as at the last day of any period of the four consecutive fiscal quarters of the Borrower or on prior to the date execution of any incurrence of Indebtedness by the Borrower or its subsidiaries hereunderthis certificate.

Unsecured Interest Coverage Ratio. Permit the The ratio of Unencumbered NOI for any period of four consecutive fiscal quarters of the Borrower to Unsecured Interest Expense for such period to be less is greater than 1.75 2.0 to 1.0 as [at the last day of any period of the four consecutive fiscal quarters of the Borrower or prior to the execution of this certificate] [or] [on the date of any incurrence of Indebtedness by the Borrower or its subsidiaries hereunderSubsidiaries].

Unsecured Interest Coverage Ratio. Permit the ratio of Unencumbered NOI for any period of four consecutive fiscal quarters of the Borrower to Unsecured Interest Expense for such period to be less than 1.75 2.0 to 1.0 as at the last day of any period of four consecutive fiscal quarters of the Borrower or on the date of any incurrence of Indebtedness by the Borrower or its subsidiaries hereunderBorrower.

Unsecured Interest Coverage Ratio. Permit the ratio of Unencumbered NOI for any period of four consecutive fiscal quarters of the Borrower to Unsecured Interest Expense for such period to be less than 1.75 2.0 to 1.0 as at the last day of any period of four consecutive fiscal quarters of the Borrower or on the date of any incurrence of Indebtedness by the Borrower or its subsidiaries hereundersubsidiaries.