Consolidated Unencumbered Interest Coverage Ratio Sample Clauses
The Consolidated Unencumbered Interest Coverage Ratio clause defines a financial metric used to assess a borrower's ability to meet interest payments using income from assets that are not pledged as collateral. This ratio is typically calculated by dividing the net operating income generated from unencumbered assets by the interest expense associated with unsecured debt. By focusing on unencumbered assets, the clause ensures that lenders can evaluate the borrower's financial strength and liquidity without relying on assets already committed elsewhere, thereby helping to manage credit risk and maintain financial stability in lending arrangements.
Consolidated Unencumbered Interest Coverage Ratio. Permit the Consolidated Unencumbered Interest Coverage Ratio (as calculated as of the end of each calendar quarter of the Borrower based on the information provided pursuant to Section 6.01 hereof) to be less than 2.00 to 1.00.
Consolidated Unencumbered Interest Coverage Ratio. The Credit Parties shall cause the Consolidated Unencumbered Interest Coverage Ratio, as of the end of any fiscal quarter, to be equal to or greater than 2.00 to 1.00.
Consolidated Unencumbered Interest Coverage Ratio. As of the end of each fiscal quarter, the ratio of Consolidated Net Operating Income of UDRT from Unencumbered Realty of UDRT to Consolidated Interest Expense relating to Consolidated Unsecured Debt of UDRT for the fiscal quarter then ended shall not be less than 1.75:1.0.
Consolidated Unencumbered Interest Coverage Ratio. Section 15.09 of the Master Agreement is hereby deleted in its entirety and replaced with the following: “[INTENTIONALLY DELETED]”
Consolidated Unencumbered Interest Coverage Ratio. As of the end ------------------------------------------------- of each fiscal quarter, the ratio of (i) Consolidated Net Operating Income from Unencumbered Realty to (ii) Consolidated Interest Expense relating to Consolidated Unsecured Debt for the fiscal quarter then ending shall be not less than 2.0:1.0.
Consolidated Unencumbered Interest Coverage Ratio. The Credit Parties shall cause the Consolidated Unencumbered Interest Coverage Ratio, (i) as of the end of each fiscal quarter ending on or prior to December 31, 2022, to be equal to or greater than 2.00 to 1.00, (ii) as of the end of the fiscal quarters ended March 31, 2023, June 30, 2023 and September 30, 2023, to be equal to or greater than 1.50 to 1.00, (iii) as of the end of the fiscal quarter ending on December 31, 2023, to be equal to or greater than 1.75 to 1.00 and (iv) as of the end of each fiscal quarter ending on or after March 31, 2024, to be equal to or greater than 2.00 to 1.00.