Minimum Debt Yield. The ratio of EBITDA (notwithstanding the definition of such term, with respect to any Westcor entity that has not achieved Stabilization, EBITDA for such entity shall be calculated for the most recent fiscal quarter and annualized) to Total Liabilities shall not be less than the ratios (expressed as a percentage) set forth below for the periods indicated below:
Appears in 3 contracts
Sources: Credit Agreement (Macerich Co), Credit Agreement (Macerich Co), Credit Agreement (Macerich Co)