Low Coverage Property definition

Low Coverage Property means a Qualified Unencumbered Property with a --------------------- Rent/Mortgage Interest Coverage Ratio of less than 1.00 to 1.00, provided that any Stabilizing Property will not be included as a Low Coverage Property until after the expiration of its respective four quarter period. Credit Agreement ----------------
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Related to Low Coverage Property

  • Property Insurance is defined in Section 6.10(a).

  • Lot coverage means the percentage of lot area covered by all buildings on the lot;

  • Coverage Area means the area described in the Website for which Nearmap has available Products, which may cover part or all of that area and which may cover part (but not all) of the area covered by the Survey.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Asset Coverage means asset coverage, as determined in accordance with Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Trust which are stock, including all Outstanding Series B Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities which are stock of a closed-end investment company as a condition of declaring dividends on its common stock), determined on the basis of values calculated as of a time within 48 hours (not including Saturdays, Sundays or holidays) next preceding the time of such determination.