Debt Coverage. 37 SECTION 5.08. Negative Pledge.................................................................37 SECTION 5.09. Consolidations, Mergers and Sales of Assets.....................................38 SECTION 5.10. Use of Proceeds.................................................................39 SECTION 5.11. Year 2000 Compatibility.........................................................39
Debt Coverage. (a) Prior to the Separation, consolidated Debt of the Company and its Consolidated Subsidiaries will at all times be less than 70% of the sum of consolidated Debt of the Company and its Consolidated Subsidiaries and consolidated shareowners' equity of the Company and its Consolidated Subsidiaries.
Debt Coverage. Consolidated Debt of the Company and its Consolidated Subsidiaries as of the last day of any fiscal quarter of the Company will not exceed 375% of Consolidated EBITDA for the four consecutive fiscal quarters of the Company ending on such date.
Debt Coverage. The Borrower will maintain on a consolidated basis as of the end of each fiscal year a ratio of (earnings + interest expense + depreciation + amortization) to (interest expense + current maturity of long term debt + capital lease payments) of not less than 1.4 to 1.0.
Debt Coverage. The Borrower will not, at the end of any fiscal quarter, permit the Funds from Operations plus expensed interest for such fiscal quarter and the preceding three fiscal quarters (the "Test Period") to be less than 2.5 times the Debt Service for the Test Period. For purposes of testing compliance with this covenant only, if Debt Service includes capitalized interest incurred as the result of Borrower or its Subsidiary engaging in a development activity permitted by Section 8.9, Funds from Operations for each fiscal quarter in which interest is so capitalized as a result of such development shall include the Pro Forma Development Net Operating Income for such development. For any fiscal quarter, the Pro Forma Development Net Operating Income shall be the amount obtained by multiplying (x) the quarterly Net Operating Income which the Borrower and the Agent mutually agree will be derived immediately following the completion of such development project and the delivery of leased premises to tenants with signed leases on the basis of such signed leases in effect as of the date of such calculation (any cancellation or termination options contained in such leases must be acceptable to the Agent in the exercise of its reasonable discretion), by (y) the quotient obtained by dividing (i) the amount of Loans advanced under this Agreement in connection with the construction of such development project during the fiscal quarter in question, by (ii) the total project costs incurred for such development project as of the end of the fiscal quarter in question. The Borrower shall provide the Agent with copies of such leases, information regarding project costs and such other information, data and reports as the Agent shall require in order to test compliance with this covenant.
Debt Coverage. 58 Section 9.3.
Debt Coverage. As of the end of each Fiscal Quarter, the Borrower shall not permit the ratio of (a) the sum of its consolidated Debt arising under clauses (a), (b) and (g) of the definition thereof (including, without limitation, the Loans) plus the Letter of Credit Liabilities, to (b) its Adjusted EBITDA for the four (4) Fiscal Quarters then ended, to be greater than the ratio set forth in the table below opposite the applicable Fiscal Quarter end: -------------------------------------------------------------------------------- Fiscal Month Ratio -------------------------------------------------------------------------------- Each Fiscal Quarter of 2002 3.0 to 1.0 Each Fiscal Quarter of 2003 3.0 to 1.0 First Fiscal Quarter of 2004 2.9 to 1.0 Second Fiscal Quarter of 2004 2.9 to 1.0 Third Fiscal Quarter of 2004 2.8 to 1.0 Fourth Fiscal Quarter of 2004 2.8 to 1.0 First Fiscal Quarter of 2005 2.8 to 1.0 Second Fiscal Quarter of 2005 2.7 to 1.0 Third Fiscal Quarter of 2005 2.7 to 1.0 Fourth Fiscal Quarter of 2005 2.6 to 1.0 -------------------------------------------------------------------------------- Fiscal Month Ratio -------------------------------------------------------------------------------- First Fiscal Quarter of 2006 2.6 to 1.0 Second Fiscal Quarter of 2006 2.5 to 1.0 Third Fiscal Quarter of 2006 2.5 to 1.0 Fourth Fiscal Quarter of 2006 2.4 to 1.0 Each Fiscal Quarter thereafter 2.4 to 1.0 --------------------------------------------------------------------------------
Debt Coverage. 45 SECTION 5.11. Minimum Consolidated Net Worth...........................................................45 SECTION 5.12. Transactions with Affiliates.............................................................45 SECTION 5.13. Use of Proceeds..........................................................................45 SECTION 5.14.
Debt Coverage. Consolidated Debt of the Company and its Consolidated Subsidiaries as of the last day of any fiscal quarter of the Company will not exceed (i) prior to the Reset Date, 350%, and (ii) on and after the Reset Date, 400%, of Consolidated EBITDA for the four consecutive fiscal quarters of the Company ending on such date.
Debt Coverage. A ratio greater than 8.0:1, calculated on a rolling twelve-month basis.
