Common use of Project Yield Clause in Contracts

Project Yield. The quotient of (x) Net Operating Income from the Project as determined by Lender’s audit, at Borrower’s expense, at such time, divided by (y) the sum of the then current outstanding principal balance of the Loan plus any anticipated future fundings on the Loan plus accrued and unpaid interest thereon.

Project Yield. The quotient of (x) Net Operating Income from the Project as determined by Lender’s 's audit, at Borrower’s 's expense, at such time, divided by (y) the sum of the then current outstanding principal balance of the Loan plus any anticipated future fundings on the Loan plus accrued and unpaid interest thereon.