Unsecured Interest Coverage Ratio definition

Unsecured Interest Coverage Ratio means, as of any date of determination, the quotient (expressed as a percentage) of (a) Unencumbered Adjusted NOI to (b) Unsecured Interest Expense.

Unsecured Interest Coverage Ratio means, for any period, the ratio of (a) Unencumbered Consolidated EBITDA for such period to (b) Unsecured Consolidated Interest Expense for such period.

Unsecured Interest Coverage Ratio means the ratio, for the calendar quarter in question, of (i) Net Operating Income from the Pool Properties, to (ii) all of the interest paid or payable on all Unsecured Debt, annualized.

Examples of Unsecured Interest Coverage Ratio in a sentence

• Permit the Consolidated Unsecured Interest Coverage Ratio as of the last day of any fiscal quarter of the REIT to be less than 1.75 to 1.00.

• The Borrower shall cause the Consolidated Unsecured Interest Coverage Ratio, as of the end of any fiscal quarter, to be equal to or greater than 2.00 to 1.00.

• As of the last day of any fiscal quarter, the Unsecured Interest Coverage Ratio to be less than or equal to one hundred and seventy-five percent (175%).

• Permit the Consolidated Unsecured Interest Coverage Ratio to be less than1.75 to 1.00 as of the end of any fiscal quarter of Borrower.

• Determinations of the calculation of and compliance with the Consolidated Fixed Charge Coverage Ratio and Consolidated Unsecured Interest Coverage Ratio financial covenants hereunder shall be made on a Pro Forma Basis.

More Definitions of Unsecured Interest Coverage Ratio

Unsecured Interest Coverage Ratio means (i) Unencumbered Property NOI for all Unencumbered Properties plus interest income from unencumbered First Mortgage Investments and Exchange Debt Investments, divided by (ii) Unsecured Interest Expense in each case for the most recent quarter annualized.

Unsecured Interest Coverage Ratio means, for any period, the ratio of (x) Unencumbered Consolidated EBITDA for such period to (y) Unsecured Consolidated Interest Expense for such period.

Unsecured Interest Coverage Ratio means, (i) Adjusted Unencumbered NOI divided by (ii) Unsecured Interest Expense.

Unsecured Interest Coverage Ratio means the ratio of (i) Adjusted Unencumbered NOI for the most recently ended four (4) quarters to (b) Unsecured Interest Expense.

Unsecured Interest Coverage Ratio means, as of any date, the ratio of (a) the aggregate Adjusted NOI from the Borrowing Base Properties to (b) Unsecured Interest Expense, in each case, for the most recent fiscal quarter, annualized.

Unsecured Interest Coverage Ratio is defined in Section 10.8(e).

Unsecured Interest Coverage Ratio means, as of any date of determination, the ratio of (x) Adjusted NOI of the Consolidated Parties of the aggregate Borrowing Base Assets, plus Net Revenue of the aggregate Borrowing Base Assets, subject to a triple net lease, in each instance for the trailing four Fiscal Quarter period most recently ended to (y) Unsecured Interest Expense of the Consolidated Parties.