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