Common use of Consolidated Unencumbered Interest Coverage Ratio Clause in Contracts

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.

Appears in 1 contract

Sources: Credit Agreement (United Dominion Realty Trust Inc)

Consolidated Unencumbered Interest Coverage Ratio. As of the end ------------------------------------------------- of each fiscal quarter, the ratio of (i) Consolidated Net Operating Income of the Borrower from Unencumbered Realty of the Borrower to (ii) Consolidated Interest Expense relating to Consolidated Unsecured Debt of the Borrower for the fiscal quarter then ending ended shall not be not less than 2.0:1.01.75 :1.0.

Appears in 1 contract

Sources: Master Credit Facility Agreement (United Dominion Realty Trust Inc)