Interest Coverage Amount. 23 Group 2 Loan............................................................................................23 Group 2 Original Pre-Funded Amount......................................................................23 Group 2 Pre-Funded Amount...............................................................................23 Group 2 Pre-Funding Account.............................................................................23 Index...................................................................................................23
Interest Coverage Amount. 17- Interest Distribution Amount.................................................................-17- Interest Remittance Amount...................................................................-17- Late Collections.............................................................................-17- Liquidation Event............................................................................-17- Liquidation Proceeds.........................................................................-18- Loan-to-Value Ratio..........................................................................-18- Lockout Certificates.........................................................................-18- Lockout Certificate Percentage...............................................................-18- Lockout Distribution Percentage..............................................................-18- Majority Class CE Certificateholder..........................................................-18- Master Servicer..............................................................................-18- Master Servicer Event of Default.............................................................-19-
Interest Coverage Amount. The maximum principal amount of the Loans which would not cause the ratio of (a) Income from Unencumbered Borrowing Base Assets for the preceding calendar quarter to (b) Interest Expense for the preceding calendar quarter solely with respect to such maximum amount of Loans, when bearing interest at the then effective blended interest rate for the Loans as of the end of the preceding calendar quarter, to be less than 6 to 1. Interest Expense. For any period, without duplication, (a) total interest expense incurred (both expensed and capitalized) of GKK and its Subsidiaries, including the portion of rents payable under a Capitalized Lease allocable to interest expense in accordance with GAAP (but excluding capitalized interest funded under a construction loan interest reserve account), determined on a consolidated basis in accordance with GAAP, excluding the amortization of deferred financing costs and unused fees to the extent included in interest expense in accordance with GAAP, for such period, plus (b) such Persons’ pro rata share of Interest Expense of its Unconsolidated Affiliates (excluding One Madison Fee LLC and, to the extent approved by the Agent in its sole and absolute discretion, other Credit Tenant Properties).
