Ratio of Adjusted EBITDA to Fixed Charges. The Borrower shall not permit the ratio of (i) Adjusted EBITDA of the Borrower and its Subsidiaries for any period of four consecutive fiscal quarters most recently ending to (ii) Fixed Charges of the Borrower and its Subsidiaries for such period, to be less than 1.30 to 1.00 as of the last day of such period.
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Sources: Credit Agreement (Saul Centers Inc), Credit Agreement (Saul Centers Inc)
Ratio of Adjusted EBITDA to Fixed Charges. The Borrower BorrowerBorrowers shall not permit the ratio of (i) Adjusted EBITDA of the Borrower REIT and its Subsidiaries for any period of four consecutive fiscal quarters most recently quarter (commencing with the first fiscal quarter ending after the Effective Date) to (ii) Fixed Charges of the Borrower REIT and its Subsidiaries for such period, fiscal quarter to be less than 1.30 to 1.00 1.50:1.00 as of the last day of such periodfiscal quarter.
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Ratio of Adjusted EBITDA to Fixed Charges. The Borrower shall not permit the ratio of (i) Adjusted EBITDA of the Borrower REIT and its Subsidiaries for any period of four consecutive fiscal quarters most recently quarter (commencing with the first fiscal quarter ending after the Effective Date) to (ii) Fixed Charges of the Borrower REIT and its Subsidiaries for such period, fiscal quarter to be less than 1.30 to 1.00 1.50:1.00 as of the last day of such periodfiscal quarter.
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