Minimum Unsecured Interest Coverage. Prior to the Investment Grade Rating Date, the ratio of (i) Unencumbered Asset Adjusted NOI (which amount for each individual Unencumbered Asset, as well as the aggregate amount for all Unencumbered Assets, shall not be less than zero), to (ii) Unsecured Interest Expense shall not be less than 2.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (Independence Realty Trust, Inc.), Credit Agreement (Independence Realty Trust, Inc.)