Portfolio Coverage Ratio definition

Portfolio Coverage Ratio means, as determined on a Testing Date based on the applicable period of determination or measurement, the ratio of (i) the Cash Flow for all of the Facilities for the applicable period to (ii) Base Rent payments relating to such Facilities payable under this Lease for the applicable period.

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Portfolio Coverage Ratio has the meaning set forth in §15.7.1.

Portfolio Coverage Ratio means the ratio of (A) the Cash Flow under all of the Leases for all of the Facilities for the applicable period; to

Examples of Portfolio Coverage Ratio in a sentence

• Provided that no Event of Default then exists and is continuing, following the date on which Landlord determines that the Portfolio Coverage Ratio for two (2) consecutive Testing Dates is greater than or equal to the Minimum Rent Coverage Ratio, Landlord will cause the Additional Deposit to be returned to Tenant.

• As of the last day of each Test Period, commencing with the calendar quarter ending December 31, 2015, the Portfolio Coverage Ratio shall not be less than 2.2 to 1.0.

• Notwithstanding the foregoing, Tenant shall not have the ability to cure a breach of the Portfolio Coverage Ratio by depositing the Difference for more than three (3) consecutive fiscal quarters.

• Landlord shall not be obligated to disburse the Manlius Earnout Amount if Tenant does not satisfy the foregoing disbursement requirements within six months after the Portfolio Coverage Ratio requirement has been satisfied.

• Tenant's obligation to maintain the Letter of Credit shall terminate if the Portfolio Coverage Ratio equals or exceeds 1.75 to 1.00 for four consecutive fiscal quarters.

More Definitions of Portfolio Coverage Ratio

Portfolio Coverage Ratio means, as of the applicable date of determination (based on the applicable Financial Covenant Report), the ratio of (A) the Portfolio Cash Flow for all of the Properties for the Trailing Four Quarter Period, to (B) the Lease Rent for the Trailing Four Quarter Period.

Portfolio Coverage Ratio means the ratio of (a) the Combined Facility EBITDARM for the applicable period to (b) Minimum Rent.

Portfolio Coverage Ratio means the ratio of (i) the Cash Flow for all of the Facilities under this Lease and all of the Facilities under the Other Leases (other than the Facility under the Whitehall Lease), for the applicable period; to (ii) Fixed Rent, and all other debt service and lease payments, relating to such Facilities under this Lease and the Other Leases (other than the Facility under the Whitehall Lease), for the applicable period (and, for the purpose of calculating the applicable Portfolio Coverage Ratio with respect to any period prior to the Commencement Date applicable to any Leased Property under this Lease or the aforesaid Other Leases, the Fixed Rent applicable to each such Leased Property for any period prior to the Commencement Date applicable to such Leased Property under this Lease or one of the aforesaid Other Leases shall be assumed to have accrued and been payable at the same annual rate of Fixed Rent that is applicable to such Leased Property as of its applicable Commencement Date under this Lease or one of the aforesaid Other Leases).

Portfolio Coverage Ratio means the ratio of (A) the Cash Flow under all of the Leases identified as “Grand Court Leases” on Exhibit A, for all of the Facilities (as defined in the Grand Court Leases) for the applicable period; to (B) Fixed Rent under all of the Grand Court Leases, and all other debt service and lease payments relating to such Facilities for the applicable period calculated on a trailing twelve (12) month basis.

Portfolio Coverage Ratio means, with respect to the Portfolio, the ratio of (i) the Cash Flow of Tenant, plus the Cash Flow of the Other Tenants for the applicable period, to (ii) Fixed Rent under this Lease, plus the Fixed Rent under the Other Leases included in the Portfolio, and plus all other debt service and lease payments relating to the Portfolio, for the applicable period, calculated on a trailing twelve (12) month basis.

Portfolio Coverage Ratio means, as of any date, the ratio of (i) Net Operating Income for all of the Facilities calculated based on trailing twelve months up to the date of calculation to (ii) the Current Lease Payment, as of such date, for the applicable period.

Portfolio Coverage Ratio means the ratio of (i) the Cash Flow for all of the Facilities other than the Glenview Facility for the applicable period; to (ii) Fixed Rent, and all other debt service and lease payments relating to such Facilities, for the applicable period.