Interest Expense Coverage. The Borrower shall maintain at the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on March 31, 1998, a ratio of (a) Total Base Rents for such Fiscal Quarter to (b) Net Interest Expense for such Fiscal Quarter, of not less than 2:1.
Appears in 2 contracts
Sources: Credit Agreement (Hospitality Properties Trust), Second Supplemental Credit Agreement (Hospitality Properties Trust)
Interest Expense Coverage. The Borrower shall maintain at the ------------------------- end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on March 31September 30, 19981995, a ratio of (a) Total Base Rents for such Fiscal Quarter to (b) Net Interest Expense for such Fiscal Quarter, of not less than 2:1.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Hospitality Properties Trust), Revolving Credit Agreement (Hospitality Properties Trust)
Interest Expense Coverage. The Borrower shall maintain at the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on March 31September 30, 19981995, a ratio of (a) Total Base Rents for such Fiscal Quarter to (b) Net Interest Expense for such Fiscal Quarter, of not less than 2:1.
Appears in 1 contract
Sources: Revolving Credit Agreement (Hospitality Properties Trust)