Fixed Charge Coverage Ratio. During a Covenant Testing Period (including the first and last day thereof), cause to be maintained as of the end of each fiscal month (commencing with the fiscal month ending June 30, 2022) for the 12 month period then ending, a Fixed Charge Coverage Ratio of not less than 1.10 to 1.00.

Fixed Charge Coverage Ratio. Permit, for any Test Period, the ratio of Total Adjusted EBITDA for such period to Total Debt Service for such period to be less than 1.50 to 1.00. Solely for the purpose of calculating the ratio in this clause (f), Total Adjusted EBITDA # shall include cash flow distributions (other than distributions in respect of capital transactions) from Unconsolidated Entities (“Unconsolidated Entity Operating Cash Flow”), and # shall be increased by the amounts excluded pursuant to clauses (iv), (v) and (vi) of the definition of the term “Total Adjusted EBITDA”.

Fixed Charge Coverage Ratio. Beginning with the Fiscal Quarter ending March 31, 2021, as of the last day of each Fiscal Quarter, the Borrower shall not permit the Fixed Charge Coverage Ratio for the trailing period of twelve (12) Fiscal Months then ended to be less than the applicable ratio set forth below opposite such period:

Fixed Charge Coverage. Section 14 of the Loan Agreement is hereby amended by deleting Section 14 in its entirety and substituting therefor the following:

Fixed Charge Coverage Ratio. Permit the ratio of Total EBITDA to Total Fixed Charges for any period of four consecutive fiscal quarters of the Borrower to be less than 1.50 to 1.0.

Fixed Charge Coverage Ratio. For the period commencing on the Financial Covenant Changeover Date, and each Fiscal Quarter thereafter, maintain a Fixed Charge Coverage Ratio for each 12 month period of at least 1.00 to 1.00 while a Financial Covenant Trigger Period is in effect, measured quarterly as of the last day of each Fiscal Quarter for the most recent period for which financial statements were delivered hereunder prior to the Financial Covenant Trigger Period and each period ending thereafter until the Financial Covenant Trigger Period is no longer in effect.

Fixed Charge Coverage. If a Covenant Trigger Period is in effect, the not permit the Fixed Charge Coverage Ratio, as of the last day of # the Test Period ending immediately preceding the commencement of the Covenant Trigger Period, and # each fiscal quarter ending during such Covenant Trigger Period, in each case, for which financial statements are required to be delivered (or are actually delivered, if earlier) prior to such date and for the four consecutive fiscal quarter period ending on such date, to be less than 1.00 to 1.00.

Fixed Charge Coverage. [Sections 14.1 and 14.2]2] of the Loan Agreement are hereby amended by deleting [Sections 14.1 and 14.2]2] in their entirety and substituting therefor the following, respectively:

Fixed Charge Coverage Ratio. [[Prologis:Organization]] shall not permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter, to be less than 1.50 to 1.0.

Fixed Charge Coverage Ratio. If at any time Excess Availability is less than 20% of the Revolving Commitment, then the Borrower Group shall, at all times during the period in which Excess Availability is less than 20% of the Revolving Commitment and continuing for a period of 60 consecutive days after which Excess Availability is no longer less than 20% of the Revolving Commitment, maintain a Fixed Charge Coverage Ratio of not less than 1.0:1.0, calculated and tested, in respect of the relevant Twelve Month Period, as of the last day of each calendar month and at such other times as the Lender determines necessary or appropriate. For greater certainty, Excess Availability will be determined and calculated as at the end of each fiscal month of the Borrower.