Common use of Fixed Charge Coverage Clause in Contracts

Fixed Charge Coverage. As of the last day of each calendar quarter, the ratio of (x) Annual EBITDA, less reserves for Capital Expenditures of (i) $.25 per square foot per annum for each Real Property Asset that is an office or retail property and (ii) $250 per unit for each Real Property Asset that is a multi-family residential property, to (y) the sum of (i) Total Debt Service and (ii) dividends or other payments payable by the General Partner with respect to any preferred stock issued by the General Partner and distributions or other payments payable by the Borrower with respect to any preferred partnership units of the Borrower, will not be less than 1.5:1.0.

Fixed Charge Coverage. As of the last day of each calendar quarter, the ratio of (x) Annual EBITDA, less reserves for Capital Expenditures of (i) $.25 .30 per square foot per annum for each Real Property Asset that is an office or retail property and (ii) $250 .15 per unit square foot per annum for each Real Property Asset that is a multi-family residential an industrial property, to (y) the sum of (i) Total Debt Service and (ii) dividends or other payments payable by the General Partner with respect to any preferred stock issued by the General Partner and distributions or other payments payable by the Borrower with respect to any preferred partnership units of the Borrower, will not be less than 1.5:1.0.

Fixed Charge Coverage. As of the last day of each calendar quarter, the Company shall not permit the ratio of (x) Annual EBITDA, less reserves for Capital Expenditures of (i) $.25 per square foot per annum for each Real Property Asset that is an office or retail property and (ii) $250 per unit for each Real Property Asset that is a multi-family residential property, property to (y) the sum of (i) Total Debt Service and (ii) dividends or other payments payable by the General Partner with respect to any preferred stock issued by the General Partner and distributions or other payments payable by the Borrower Company with respect to any preferred partnership units of the BorrowerCompany, will not to be less than 1.5:1.01.50:1.00.

Fixed Charge Coverage. As of the last day of each calendar --------------------- quarter, the ratio of (x) Annual EBITDA, less reserves for Capital Expenditures of (i) $.25 .70 per square foot per annum for each Real Property Asset that is an office or retail property and (ii) $250 .40 per unit square foot per annum for each Real Property Asset that is a multi-family residential property, an industrial property to (y) the sum of (i) Total Debt Service Service, and (ii) dividends or other payments payable by the General Partner with respect to any preferred stock issued by the General Partner and distributions or other payments payable by the Borrower with respect to any preferred partnership units of the Borrower, will not be less than 1.5:1.0.

Fixed Charge Coverage. As of the last day of each calendar --------------------- quarter, the ratio of (x) Annual EBITDA, less reserves for Capital Expenditures of (i) $.25 0.70 per square foot per annum for each Real Property Asset that is an office or retail property and (ii) $250 0.40 per unit square foot per annum for each Real Property Asset that is a multi-family residential property, an industrial property to (y) the sum of (i) Total Debt Service Service, and (ii) dividends or other payments payable by the General Partner with respect to any preferred stock issued by the General Partner and distributions or other payments payable by the Borrower with respect to any preferred partnership units of the Borrower, will not be less than 1.5:1.0.

Fixed Charge Coverage. As of the last day of each calendar quarter, --------------------- the ratio of (x) Annual EBITDA, less reserves for Capital Expenditures of (i) $.25 .70 per square foot per annum for each Real Property Asset that is an office or retail property and (ii) $250 .40 per unit square foot per annum for each Real Property Asset that is a multi-family residential property, an industrial property to (y) the sum of (i) Total Debt Service Service, and (ii) dividends or other payments payable by the General Partner with respect to any preferred stock issued by the General Partner and distributions or other payments payable by the Borrower with respect to any preferred partnership units of the Borrower, will not be less than 1.5:1.01.5:1.

Fixed Charge Coverage. As of the last day of each calendar quarter, the Company shall not permit the ratio of (x) Annual EBITDA, less reserves for Capital Expenditures of (i) $.25 .3025 per square foot per annum for each Real Property Asset that is an office or retail property and (ii) $250 .15250 per square foot per annum unit for each Real Property Asset that is an industrial a multi-family residential property, property to (y) the sum of (i) Total Debt Service and (ii) dividends or other payments payable by the General Partner with respect to any preferred stock issued by the General Partner and distributions or other payments payable by the Borrower Company with respect to any preferred partnership units of the BorrowerCompany, will not to be less than 1.5:1.01.50:1.00.

Fixed Charge Coverage. As of the last day of each calendar quarter, the ratio of (x) Annual EBITDA, less reserves for Capital Expenditures of (i) $.25 .30 per square foot per annum for each Real Property Asset that is an office or retail property and (ii) $250 .15 per unit square foot per annum for each Real Property Asset that is a multi-family residential an industrial property, to (y) the sum of (i) Total Debt Service Service, and (ii) dividends or other payments payable by the General Partner with respect to any preferred stock issued by the General Partner and distributions or other payments payable by the Borrower with respect to any preferred partnership units of the Borrower, will not be less than 1.5:1.0.