Minimum EBITDA to Fixed Charges Ratio. As of the last day of each Rolling Period of the Borrower, the Borrower shall not permit the ratio of EBITDA for such Rolling Period to Fixed Charges for such Rolling Period to be less than (i) from the Closing Date through and including the Fiscal Quarter ending December 31, 2012, 1.65 to 1.0 and (ii) commencing with the Fiscal Quarter ending March 31, 2013 and at all times thereafter, 1.75 to 1.0.
Appears in 2 contracts
Samples: Credit Agreement (Whitestone REIT), Credit Agreement (Whitestone REIT Operating Partnership, L.P.)
Minimum EBITDA to Fixed Charges Ratio. As of the Closing Date and the last day of each Rolling Period of Fiscal Quarter commencing with the BorrowerFiscal Quarter ending June 30, 2017, the Borrower shall not permit the ratio of (i) EBITDA for such the Rolling Period then ended to (ii) Fixed Charges for such Rolling Period to be less than (i) from the Closing Date through and including the Fiscal Quarter ending December 31, 2012, 1.65 1.50 to 1.0 and (ii) commencing with the Fiscal Quarter ending March 31, 2013 and at all times thereafter, 1.75 to 1.01.00.
Appears in 2 contracts
Samples: Credit Agreement (Umh Properties, Inc.), Credit Agreement (Umh Properties, Inc.)
Minimum EBITDA to Fixed Charges Ratio. As of the Closing Date and the last day of each Rolling Period of Fiscal Quarter commencing with the BorrowerFiscal Quarter ending December 31, 2022, the Borrower shall not permit the ratio of (i) EBITDA for such the Rolling Period then ended to (ii) Fixed Charges for such Rolling Period to be less than (i) from the Closing Date through and including the Fiscal Quarter ending December 31, 2012, 1.65 1.50 to 1.0 and (ii) commencing with the Fiscal Quarter ending March 31, 2013 and at all times thereafter, 1.75 to 1.01.00.
Appears in 1 contract
Minimum EBITDA to Fixed Charges Ratio. As of the Closing Date and the last day of each Rolling Period of Fiscal Quarter commencing with the BorrowerFiscal Quarter ending June 30, 2013, the Borrower shall not permit the ratio of (i) EBITDA for such the Rolling Period then ended to (ii) Fixed Charges for such Rolling Period to be less than (i) from the Closing Date through and including the Fiscal Quarter ending December 31, 2012, 1.65 1.50 to 1.0 and (ii) commencing with the Fiscal Quarter ending March 31, 2013 and at all times thereafter, 1.75 to 1.01.00.
Appears in 1 contract
