Common use of Consolidated Fixed Charges Clause in Contracts

Consolidated Fixed Charges. With respect to any period, the sum of (a) Consolidated Interest Expense for such period, plus (b) all of the principal due and payable and principal paid with respect to Indebtedness of the REIT, the Borrower and their respective Subsidiaries during such period (and without double counting amounts funded with reserve accounts if payment to such reserve accounts has already been taken into account in determining Consolidated Fixed Charges), other than any balloon, bullet or similar principal payment which repays such Indebtedness in full and any voluntary prepayments, plus (c) all Preferred Distributions paid during such period. Such Person’s Equity Percentage in the fixed charges referred to above of its Unconsolidated Affiliates shall be included (without duplication) in the determination of Consolidated Fixed Charges.

Consolidated Fixed Charges. With respect to any period, the sum of (a) Consolidated Interest Expense for such periodperiod (both expensed and capitalized), plus (b) all of the principal due and payable and principal paid with respect to Indebtedness of the REIT, the Borrower and their respective Subsidiaries during such period (and without double counting amounts funded with reserve accounts if payment to such reserve accounts has already been taken into account in determining Consolidated Fixed Charges)period, other than any balloon, bullet or similar principal payment which repays such Indebtedness in full and any voluntary prepaymentsfull or partial prepayments prior to stated maturity thereof, plus (c) all Preferred Distributions paid during such period, plus (d) the principal payment on any Capital Lease Obligations. Such Person’s Equity Percentage in the fixed charges referred to above of its Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries shall be included (without duplication) in the determination of Consolidated Fixed Charges.

Consolidated Fixed Charges. With respect to For any periodperiod (without duplication), the sum of (a) Consolidated Interest Expense for such period, period plus (b) all of the principal due and payable and principal paid with respect to Indebtedness of the REIT, the Borrower and their respective Subsidiaries during such period (and without double counting amounts funded with reserve accounts if payment to such reserve accounts has already been taken into account in determining Consolidated Fixed Charges)period, other than any balloon, bullet or similar principal payment which repays such Indebtedness in full and any voluntary prepaymentsfull or partial prepayments prior to stated maturity thereof, plus (c) all Preferred Distributions Dividends paid during such period, plus (d) the principal payment on any Capital Lease Obligations. Such Person’s Equity Percentage in the fixed charges referred to above of its Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries shall be included (without duplication) in the determination of Consolidated Fixed Charges.