Appraised NOI definition

Appraised NOI means, with respect to any Collateral Property as of any date, the net stabilized operating income of the Collateral Property as established through an Acceptable Appraisal.
View Source

Examples of Appraised NOI in a sentence

  • Bank shall have Acceptable Appraisals on the Collateral Properties reflecting an aggregate Appraised Value of not less than $110,000,000 and an aggregate Appraised NOI in an amount that is not less than $9,200,000.

  • With respect to the Initial Advance only, Bank shall have Acceptable Appraisals on the Initial Collateral Properties reflecting an aggregate Appraised Value of not less than twice the Initial Term Loan Amount and an aggregate Appraised NOI in an amount that is not less than the Initial Term Loan Amount divided by 6.40.

  • Bank shall have Acceptable Appraisals on Collateral Properties reflecting an aggregate Appraised Value of not less than Eighty Million Dollars ($80,000,000) and an aggregate Appraised NOI of not less than Six Million Two Hundred Fifty Thousand Dollars ($6,250,000.00).