Portfolio Coverage Ratio definition

Portfolio Coverage Ratio means, as determined on a Testing Date based on the applicable period of determination or measurement, the ratio of (i) the Cash Flow for all of the Facilities for the applicable period to (ii) Base Rent payments relating to such Facilities payable under this Lease for the applicable period.
Portfolio Coverage Ratio has the meaning set forth in §15.7.1.
Portfolio Coverage Ratio means the ratio of (i) the Cash Flow for all of the Facilities for the applicable period; to (ii) the sum of the Fixed Rent, and all other debt service, if any, of any of the Tenants, and lease payments (other than Fixed Rent) payable by any Tenant relating to such Facilities, for the applicable period.

Examples of Portfolio Coverage Ratio in a sentence

  • Tenant shall maintain for each fiscal quarter a Portfolio Coverage Ratio of not less than 1.25 to 1.00.

  • Tenant and Subtenant, on a consolidated basis, shall maintain for each fiscal quarter a Portfolio Coverage Ratio of not less than 2.00 to 1.00, with the Portfolio Cover Ratio being tested on a quarterly basis based upon financial results for the most recent three month period.

  • Notwithstanding the foregoing, Tenant shall not have the ability to cure a breach of the Portfolio Coverage Ratio by depositing the Difference for more than three (3) consecutive fiscal quarters.

  • Tenant shall maintain, as of the end of each fiscal quarter commencing with the fiscal quarter ending on June 30, 2005, a Portfolio Coverage Ratio of not less than 1.00 to 1.00 calculated for all periods on a trailing twelve month basis.

  • Tenant's obligation to maintain the Letter of Credit shall terminate if the Portfolio Coverage Ratio equals or exceeds 1.75 to 1.00 for four consecutive fiscal quarters.


More Definitions of Portfolio Coverage Ratio

Portfolio Coverage Ratio means, as of the applicable date of determination, the ratio of (A) the Portfolio Cash Flow for all of the Properties for the Trailing Four Quarter Period, to (B) the Lease Rent for the Trailing Four Quarter Period.
Portfolio Coverage Ratio means with respect to the Portfolio, the ratio of (i) the Cash Flow for the applicable period; to (ii) Fixed Rent, and all other debt service and lease payments for the applicable period, calculated on a trailing twelve (12) month basis.
Portfolio Coverage Ratio means the ratio of (A) the Cash Flow under all of the Leases identified as “Grand Court Leases” on Exhibit A, for all of the Facilities (as defined in the Grand Court Leases) for the applicable period; to (B) Fixed Rent under all of the Grand Court Leases, and all other debt service and lease payments relating to such Facilities for the applicable period calculated on a trailing twelve (12) month basis.
Portfolio Coverage Ratio as of any calculation date is the ratio of [i] Portfolio Cash Flow for the then preceding 12-month period; to [ii] the Base Rent payments under this Lease for the then preceding 12-month period.
Portfolio Coverage Ratio means the ratio of (i) the Cash Flow for all of the Facilities under this Lease and all of the Facilities under the Other Leases (other than the Facility under the Whitehall Lease), for the applicable period; to (ii) Fixed Rent, and all other debt service and lease payments, relating to such Facilities under this Lease and the Other Leases (other than the Facility under the Whitehall Lease), for the applicable period (and, for the purpose of calculating the applicable Portfolio Coverage Ratio with respect to any period prior to the Commencement Date applicable to any Leased Property under this Lease or the aforesaid Other Leases, the Fixed Rent applicable to each such Leased Property for any period prior to the Commencement Date applicable to such Leased Property under this Lease or one of the aforesaid Other Leases shall be assumed to have accrued and been payable at the same annual rate of Fixed Rent that is applicable to such Leased Property as of its applicable Commencement Date under this Lease or one of the aforesaid Other Leases).
Portfolio Coverage Ratio is hereby deleted in its entirety and replaced with the following definition:
Portfolio Coverage Ratio means the ratio of (i) the Cash Flow for all of the Facilities including all Facilities (as defined in the Other Leases) for the applicable period; to (ii) Fixed Rent, and all other debt service and lease payments, relating to such Facilities, for the applicable period (and, for the purpose of calculating the applicable Portfolio Coverage Ratio with respect to any period prior to the Commencement Date, the Fixed Rent for the Facilities for any period prior to the Commencement Date shall be assumed to have accrued and been payable by Tenant at the same annual rate of Fixed Rent that is applicable to the Facilities as of the Commencement Date).