Unencumbered Net Operating Income to Unsecured Interest Expense. Borrower shall not permit the ratio of Unencumbered Net Operating Income for any Fiscal Quarter to Unsecured Interest Expense for such Fiscal Quarter to be less than 1.80:1.
Appears in 10 contracts
Samples: Credit Agreement (Manufactured Home Communities Inc), Credit Agreement (Manufactured Home Communities Inc), Credit Agreement (Manufactured Home Communities Inc)
Unencumbered Net Operating Income to Unsecured Interest Expense. Borrower shall not permit the ratio of Unencumbered Net Operating Income for any the then most recently completed Fiscal Quarter to Unsecured Interest Expense for such the then most recently completed Fiscal Quarter to be less than 1.80:12.25:1.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Equity Residential Properties Trust), Revolving Credit Agreement (Erp Operating LTD Partnership)
Unencumbered Net Operating Income to Unsecured Interest Expense. Borrower shall not permit the ratio of Unencumbered Net Operating Income for any the then most recently completed Fiscal Quarter to Unsecured Interest Expense for such the then most recently completed Fiscal Quarter to be less than 1.80:12.00:1.
Appears in 1 contract
Samples: Revolving Credit Agreement (Equity Residential Properties Trust)
Unencumbered Net Operating Income to Unsecured Interest Expense. Borrower shall not permit the ratio of Unencumbered Net Operating Income for any the then most recently completed Fiscal Quarter to Unsecured Interest Expense for such the then most recently completed Fiscal Quarter Quarter, each determined on a consolidated basis for Borrower and its Consolidated Subsidiaries, to be less than 1.80:11.5:1.
Appears in 1 contract
Samples: Senior Term Loan Agreement (Merry Land Properties Inc)
