Pool Debt Yield Sample Clauses
The Pool Debt Yield clause defines the minimum ratio of net operating income generated by a pool of properties to the outstanding loan balance secured by those properties. In practice, this clause requires that the combined income from all properties in the pool must meet or exceed a specified percentage of the total debt, often calculated annually or quarterly. This ensures that the lender has a consistent measure of the borrower's ability to service the debt, thereby managing risk and providing a safeguard against declining property performance or value.
Pool Debt Yield. As of any date of calculation, the ratio expressed as a percentage of (i) the Pool NOI, divided by (ii) the aggregate Unsecured Debt, in each case, as of such date.
Pool Debt Yield. The ratio of (a) Net Operating Income from the Collateral Properties then remaining as Collateral and any Real Estate being simultaneously added as a Collateral Property, multiplied by four, to (b) the outstanding amount of all Revolving Credit Loans and Letter of Credit Liabilities, including the amount of any Revolving Credit Loan or Letter of Credit being simultaneously made or issued. If the Pool Debt Yield is being calculated in connection with a requested release of a Collateral Property, the calculation shall give effect to the release of such Collateral Property and the related pay down of the Obligations.
Pool Debt Yield. (a) Aggregate NOI from Mortgaged Properties Annualized
(b) outstanding principal balance of the Loans
(c) Ratio --not less than 12%