Common use of Unsecured Debt Service Coverage Ratio Clause in Contracts

Unsecured Debt Service Coverage Ratio. Total Net Operating Income as of such fiscal quarter end of the Borrower attributable to all Unencumbered Assets is $_______________ and the portion of the Consolidated Interest Expense for such fiscal quarter in respect of Unsecured Indebtedness is $______________. Accordingly, as at any fiscal quarter end of the Borrower, the ratio of (i) total Net Operating Income for the fiscal quarter of the Borrower then ending attributable to all Unencumbered Assets to (ii) the portion of the Consolidated Interest Expense for such fiscal quarter in respect of Unsecured Indebtedness is _________:1.0. [Such ratio must not be less than 2.0:1.0.]