Unsecured Interest Coverage Ratio. The ratio of Unencumbered NOI for any period of four consecutive fiscal quarters of the Borrower to Unsecured Interest Expense for such period is greater than 1.75 to 1.0 at the last day of the four consecutive fiscal quarters of the Borrower prior to the execution of this certificate.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (MPT Operating Partnership, L.P.), Guarantee Agreement (MPT Operating Partnership, L.P.)
Unsecured Interest Coverage Ratio. The Permit the ratio of Unencumbered NOI for any period of four consecutive fiscal quarters of the Borrower to Unsecured Interest Expense for such period is greater to be less than 1.75 to 1.0 as at the last day of the any period of four consecutive fiscal quarters of the Borrower prior to or on the execution date of this certificateany incurrence of Indebtedness by the Borrower or its subsidiaries hereunder.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (MPT Operating Partnership, L.P.), Guarantee Agreement (MPT Operating Partnership, L.P.)
Unsecured Interest Coverage Ratio. The Permit the ratio of Unencumbered NOI for any period of four consecutive fiscal quarters of the Borrower to Unsecured Interest Expense for such period is greater to be less than 1.75 2.0 to 1.0 as at the last day of the any period of four consecutive fiscal quarters of the Borrower prior to or on the execution date of this certificateany incurrence of Indebtedness by the Borrower or its subsidiaries.
Appears in 1 contract
Samples: Revolving Credit Agreement (Medical Properties Trust Inc)
Unsecured Interest Coverage Ratio. The ratio of Unencumbered NOI for any period of four consecutive fiscal quarters of the Borrower to Unsecured Interest Expense for such period is greater than 1.75 2.0 to 1.0 at the last day of the four consecutive fiscal quarters of the Borrower prior to the execution of this certificate.
Appears in 1 contract
Samples: Term Loan Agreement (MPT Operating Partnership, L.P.)
Unsecured Interest Coverage Ratio. The ratio of Unencumbered NOI for any period of four consecutive fiscal quarters of the Borrower to Unsecured Interest Expense for such period is greater than 1.75 2.0 to 1.0 [at the last day of the four consecutive fiscal quarters of the Borrower prior to the execution of this certificate] [or] [on the date of incurrence of Indebtedness by the Borrower or its Subsidiaries].
Appears in 1 contract
Samples: Revolving Credit Agreement (Medical Properties Trust Inc)
Unsecured Interest Coverage Ratio. The Permit the ratio of Unencumbered NOI for any period of four consecutive fiscal quarters of the Borrower to Unsecured Interest Expense for such period is greater to be less than 1.75 2.0 to 1.0 as at the last day of the any period of four consecutive fiscal quarters of the Borrower prior to the execution of this certificateBorrower.
Appears in 1 contract
Samples: Term Loan Agreement (MPT Operating Partnership, L.P.)
Unsecured Interest Coverage Ratio. The 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 is greater to be less than 1.75 to 1.0 as at the last day of the any period of four (4) consecutive fiscal quarters of the Borrower prior to Operating Partnership or on the execution date of this certificateany incurrence of Indebtedness by the Operating Partnership or its Subsidiaries hereunder.
Appears in 1 contract
Samples: Syndicated Facility Agreement (MPT Operating Partnership, L.P.)
