Unsecured Debt Yield Sample Clauses

Unsecured Debt Yield. As of the end of any calendar quarter, Unsecured Debt Yield for such calendar quarter to be less than eleven and one half percent (11- 1/2%); or
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Unsecured Debt Yield. At any time, Unsecured Debt Yield to be less than twelve percent (12%).
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Unsecured Debt Yield. 35 Section 8.08 Relationship of Unencumbered Combined EBITDA to Interest Expense on Unsecured Indebtedness..........35
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Unsecured Debt Yield. As of the last day of each fiscal quarter for the immediately preceding consecutive four quarters, the ratio (expressed as a percentage) (the “Unsecured Debt Yield”) of (i) Unencumbered Net Operating Cash Flow to (ii) Unsecured Debt (less the sum of (x) the value of any Unrestricted Cash or Cash Equivalent owned by Borrower, not to exceed $250,000,000 in the aggregate, and (y) $35,000,000) shall not be less than, (i) with respect to the period commencing on the Effective Date and ending on the day immediately prior to the 18 month anniversary of the Effective Date, 11%; provided, however, that, in connection with a Material Acquisition, for the four (4) consecutive quarters following such acquisition, the Unsecured Debt Yield may be less than 11%, but in no event less than 10%, and (ii) with respect to the period commencing on the 18 month anniversary of the Effective Date, 11.5%; provided, however, that, in connection with a Material Acquisition, for the four (4) consecutive quarters following such Material Acquisition, the Unsecured Debt Yield may be less than 11.5%, but in no event less than 10.5%. For purposes of determining the Unsecured Debt Yield only, Unencumbered Net Operating Income shall be adjusted to include as to any Unencumbered Property with respect to which a tenant received any free rent during such period, the amount of such free rent as if the same had been paid in cash by such tenant.
Sample 1
Unsecured Debt Yield. 47 Section 8.07 Relationship of Combined EBITDA to Fixed Charges......................................................................... 47 Section 8.08 Relationship of Unencumbered Combined EBITDA to Unsecured Interest Expense................................................... 47
Sample 1
Unsecured Debt Yield. For any calendar quarter, Unsecured Debt Yield for such calendar quarter to be less than 15%.
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Unsecured Debt Yield. For any calendar quarter, Unsecured Debt Yield for the twelve (12)-month period ending with such calendar quarter to be less than 13.5%. For purposes of this Section, Combined EBITDA shall be adjusted as follows: in the case of properties acquired during such twelve (12)-month period, such property's contribution to Combined EBITDA shall be annualized, and in the case of properties disposed of during such twelve (12)-month period, such property's contribution to Combined EBITDA shall be disregarded.
Sample 1
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Unsecured Debt Yield. 48 Section 8.07 Relationship of Unencumbered Combined EBITDA to Unsecured Interest Expense................. 48 Page Section 8.08 Relationship of Dividends to Funds From Operations........................................... 48 Section 8.09 Relationship of Secured Indebtedness to Capitalization Value................................. 48
Sample 1

Related to Unsecured Debt Yield

  • Total Indebtedness Create, incur, assume, or suffer to exist, or permit any Subsidiary of Borrower to create, incur or suffer to exist, any Indebtedness, except:

  • Unsecured Indebtedness All Indebtedness of Borrower, of any Guarantor or of any of the other Related Companies to the extent not secured by a Lien on any Properties including, without limitation, the Outstanding Obligations and any Indebtedness evidenced by any bonds, debentures, notes or other debt securities presently outstanding or which may be hereafter issued by Borrower or by the Company. Unsecured Indebtedness shall not include accrued ordinary operating expenses payable on a current basis.

  • Consolidated Total Indebtedness All Indebtedness of Parent Borrower and its Subsidiaries determined on a consolidated basis and shall include (without duplication), such Person’s Equity Percentage of the Indebtedness of its Unconsolidated Affiliates.

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • First Lien Leverage Ratio On the last day of any Test Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.15 shall not apply until the last day of the first full Fiscal Quarter ending after the Closing Date), the Borrowers shall not permit the First Lien Leverage Ratio to be greater than 7.75:1.00.

  • Funded Indebtedness 2 GAAP............................................................ 6

  • Total Leverage Ratio The Company will not permit the Leverage Ratio as of the last day of any fiscal quarter ending during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio October 1, 2002 through and including December 31, 2002 6.85 to 1.00 January 1, 2003 through and including March 31, 2003 7.50 to 1.00 April 1, 2003 through and including September 30, 2003 7.75 to 1.00 October 1, 2003 through and including December 31, 2003 7.25 to 1.00 January 1, 2004 through and including December 31, 2004 6.50 to 1.00 January 1, 2005 and thereafter 4.00 to 1.00

  • Consolidated Senior Secured Leverage Ratio Permit the Consolidated Senior Secured Leverage Ratio as of the end of any Measurement Period to be greater than 3.50 to 1.00.

  • Secured Leverage Ratio Permit the Secured Leverage Ratio, as of the last day of any fiscal quarter of the Consolidated Group, to be greater than forty percent (40%), or, for a period of four consecutive fiscal quarters following a Material Acquisition, forty-five percent (45%).

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

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