Relationship of Combined EBITDA to Interest Expense. For any calendar quarter, the ratio of (1) Combined EBITDA to (2) Interest Expense (each for such calendar quarter and annualized, i.e., multiplied by four (4)), to be less than 2.50 to 1.00.
Appears in 2 contracts
Sources: Revolving Loan Agreement (Bay Apartment Communities Inc), Revolving Loan Agreement (Bay Apartment Communities Inc)