Common use of Pro Forma Debt Service Clause in Contracts

Pro Forma Debt Service. The total annual installments of principal and interest that would be required for the Loan calculated based upon a twenty-five (25) year amortization schedule and a per annum interest rate equal to the greater of (i) six and one-half percent (6.50%), and (ii) the yield per annum as of the date of such calculation on U.S. Treasury securities selected in good faith by Lender, maturing approximately ten (10) years after the date of calculation, plus three percent (3.00%).

Appears in 1 contract

Samples: Secured Loan Agreement (CNL Healthcare Trust, Inc.)

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Pro Forma Debt Service. The total annual installments of principal and interest that would be required for the Loan calculated based upon a twenty-five thirty (2530) year amortization schedule and a per annum interest rate equal to the greater of (i) the Applicable Rate, (ii) six and one-half percent (6.506.0%), and (iiiii) the yield per annum as of the date of such calculation on U.S. Treasury securities selected in good faith by Lender, maturing approximately ten seven (107) years after the date of calculation, plus three two and one-half percent (3.002.50%).

Appears in 1 contract

Samples: Secured Loan Agreement (CNL Healthcare Trust, Inc.)

Pro Forma Debt Service. The total annual installments of principal and interest that would be required for the Loan calculated based upon a twenty-five (25) year amortization schedule and a per annum interest rate equal to the greater of (i) Applicable Rate, (ii) six and one-half percent (6.506.00%), and (iiiii) the yield per annum as of the date of such calculation on U.S. Treasury securities selected in good faith by Lender, maturing approximately ten seven (107) years after the date of calculation, plus three two and one-half percent (3.002.50%).

Appears in 1 contract

Samples: Secured Loan Agreement (CNL Healthcare Properties, Inc.)

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Pro Forma Debt Service. The total annual installments of principal and interest that would be required for the Loan calculated based upon a twenty-five (25) year amortization schedule and a per annum interest rate equal to the greater of (i) six Applicable Rate, (ii) five and onethree-half quarters percent (6.505.75%), and (iiiii) the yield per annum as of the date of such calculation on U.S. Treasury securities selected in good faith by Lender, maturing approximately ten seven (107) years after the date of calculation, plus three two and one-half percent (3.002.50%).

Appears in 1 contract

Samples: Secured Loan Agreement (CNL Healthcare Trust, Inc.)

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