Aggregate Debt Yield definition
Aggregate Debt Yield means, as of any date of determination, a fraction, expressed as a percentage (i.e. 0.10 = 10%), which is obtained by dividing:
Aggregate Debt Yield means, as of any date, the ratio calculated in which: (i) the numerator is the Net Operating Income for the twelve (12) month period ending with the most recently completed calendar month (subject to the adjusted calculations relating to the period ending on September 30, 2016 provided in the definition of “Net Operating Income” set forth below), and (ii) the denominator is the sum of (a) the Outstanding Principal Balance and (b) the amount of the Subordinate Debt, if any.
Aggregate Debt Yield means, for any date of determination, the percentage obtained by dividing (a) Aggregate Net Cash Flow by (b) the sum of (i) the outstanding principal balance of the Loan, (ii) the outstanding principal balance of the Senior Mezzanine Loans, and (iii) the outstanding principal balance of the CIGNA Mortgage Loans, in each case as of the date of such determination, and in each case as reasonably determined and calculated by Lender.