Ratio of Adjusted EBITDA to Fixed Charges. (i) The Parent shall not permit the ratio of (i) Adjusted EBITDA of the Parent and its Subsidiaries for the period of four consecutive fiscal quarters most recently ended to (ii) Fixed Charges of the Parent and its Subsidiaries for such period, to be less than (x) prior to a Change of Control, 1.50 to 1.00 at any time or (y) on and after a Change of Control, 1.75 to 1.00 at any time. (ii) Reckson shall not permit the ratio of (i) Adjusted EBITDA of Reckson and its Subsidiaries for the period of four fiscal consecutive quarters most recently ended to (ii) Fixed Charges of Reckson and its Subsidiaries for such period, to be less than 1.50 to 1.00 at any time.
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Sources: Credit Agreement (Sl Green Operating Partnership, L.P.), Credit Agreement (Sl Green Operating Partnership, L.P.)