Common use of Debt Service Ratio Clause in Contracts

Debt Service Ratio. The Operating Partnership will not permit the ratio of Consolidated Income Available for Debt Service to Interest Expense for the period consisting of the four consecutive fiscal quarters ended on the most recent Reporting Date to be less than 1.5:1 as of such Reporting Date.

Appears in 9 contracts

Sources: Tenth Supplemental Indenture (American Homes 4 Rent, L.P.), Ninth Supplemental Indenture (American Homes 4 Rent, L.P.), Eighth Supplemental Indenture (American Homes 4 Rent, L.P.)