Minimum Unsecured Interest Coverage Ratio. As of the first day of each calendar quarter for the immediately preceding calendar quarter, the ratio of (i) Adjusted Unencumbered NOI to (ii) Unsecured Interest Expense shall not be less than 2.0 to 1.0.
Appears in 3 contracts
Samples: Credit Agreement (Reckson Operating Partnership Lp), Term Loan Agreement (Reckson Associates Realty Corp), Term Loan Agreement (Reckson Associates Realty Corp)
Minimum Unsecured Interest Coverage Ratio. As of the first day of each calendar quarter for the immediately preceding four consecutive calendar quarterquarters, the ratio of (i) the sum of Adjusted Unencumbered NOI of all Unencumbered Eligible Projects to (ii) Unsecured Interest Expense shall not be less than 2.0 1.75 to 1.0.
Appears in 3 contracts
Samples: Credit Agreement (Home Properties Inc), Credit Agreement (Home Properties Inc), Credit Agreement (Home Properties Inc)
Minimum Unsecured Interest Coverage Ratio. As of the first day of each calendar quarter for the immediately preceding four consecutive calendar quarterquarters, the ratio of (i) Adjusted Unencumbered NOI to (ii) Unsecured Interest Expense shall not be less than 2.0 1.65 to 1.0.
Appears in 3 contracts
Samples: Credit Agreement (Home Properties Inc), Credit Agreement (Home Properties of New York Inc), Credit Agreement (Home Properties of New York Inc)
Minimum Unsecured Interest Coverage Ratio. As of the first day of each calendar quarter for the immediately preceding calendar quarter, the ratio of (i) Adjusted Unencumbered NOI to (ii) Unsecured Interest Expense shall not be less than 2.0 2.25 to 1.0.
Appears in 2 contracts
Samples: Credit Agreement (Reckson Associates Realty Corp), Credit Agreement (Reckson Associates Realty Corp)
Minimum Unsecured Interest Coverage Ratio. As of the first day ----------------------------------------- of each calendar quarter for the immediately preceding calendar quarter, the ratio of (i) Adjusted Unencumbered NOI to (ii) Unsecured Interest Expense shall not be less than 2.0 to 1.0.
Appears in 1 contract
Minimum Unsecured Interest Coverage Ratio. As of the first day of each calendar quarter for the immediately preceding calendar quarter, the ratio of (i) Adjusted Unencumbered NOI to (ii) Unsecured Interest Expense shall not be less than 2.0 to 1.0.. 101
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Minimum Unsecured Interest Coverage Ratio. As of the first day of each calendar quarter for the immediately preceding calendar quarter, the ratio of (i) Adjusted Unencumbered NOI to (ii) Unsecured Interest Expense shall not be less than (A) 1.75 to 1.0 through December 31, 2000 and (B) 2.0 to 1.01.0 thereafter.
Appears in 1 contract
Samples: Credit Agreement (Reckson Operating Partnership Lp)
Minimum Unsecured Interest Coverage Ratio. As of the first ----------------------------------------- day of each calendar quarter for the immediately preceding calendar quarter, the ratio of (i) Adjusted Unencumbered NOI to (ii) Unsecured Interest Expense shall not be less than 2.0 to 1.0.
Appears in 1 contract
Minimum Unsecured Interest Coverage Ratio. As of the first day of each calendar quarter for the immediately preceding four consecutive calendar quarterquarters, the ratio of (i) Adjusted Unencumbered NOI to (ii) Unsecured Interest Inter- est Expense shall not be less than 2.0 1.65 to 1.0.
Appears in 1 contract
Minimum Unsecured Interest Coverage Ratio. As of the first day of each calendar quarter for the immediately preceding calendar quarter, the ratio of (i) Adjusted Unencumbered NOI for the preceding calendar quarter to (ii) Unsecured Interest Expense for the preceding calendar quarter shall not be less than 2.0 2.5 to 1.0.. -118-
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Minimum Unsecured Interest Coverage Ratio. As of the ----------------------------------------- first day of each calendar quarter for the immediately preceding calendar quarter, the ratio of (iA) Total Adjusted Unencumbered NOI to (iiB) Unsecured Interest Expense shall not be less than 2.0 1.75 to 1.01.00.
Appears in 1 contract
Minimum Unsecured Interest Coverage Ratio. As of the first day of each calendar quarter for the immediately preceding calendar quarter, the ratio of (i) Adjusted Unencumbered NOI for the preceding calendar quarter to (ii) Unsecured Interest Expense for the preceding calendar quarter shall not be less than 2.0 2.5 to 1.0.. 62 56
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