Ratio of Adjusted EBITDA to Fixed Charges. The Parent and the Borrower shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Subsidiaries for any period of twelve consecutive calendar months to (ii) Fixed Charges of the Parent and its Subsidiaries for such period of twelve consecutive calendar months, to be less than 1.50 to 1.00 as of the last day of such period of twelve consecutive calendar months.
Appears in 2 contracts
Sources: Credit Agreement (VEREIT Operating Partnership, L.P.), Credit Agreement (American Realty Capital Properties, Inc.)