Cash Return definition

Cash Return or "𝑟𝑐(𝑘) means:

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Cash Return or "() means:

Cash Return means, in respect of an Index Business Day (t), an amount calculated by the Index Administrator equal to the product of:

Examples of Cash Return in a sentence

• As soon as is reasonably practicable following the end of each Cash Return Period, the Issuer shall perform the calculation of its Relevant Surplus in accordance with Schedule 1 (Calculations) and the Reserve, to determine what (if any) repayment of Principal is required to be made in respect of that Cash Return Period at that time.

• As soon as is reasonably practicable following the end of each Cash Return Period, the Issuer shall perform the calculation of its Relevant Surplus in Schedule 1 (Calculations) and the Reserve, to determine what (if any) payment of Interest is required to be made in respect of that Cash Return Period at that time.

• Subsequent Cash Return Periods following the First Cash Return Period will be periods of six months following the First Cash Return Period, as set out in the Deed.

• If any such Cash Return Date is not a Business Day, payment shall be made on the preceding Business Day.

• The Issuer confirms that each and any such payment is directed and authorised by it to be applied by the Agent towards satisfaction of its obligation to make payment on the relevant Cash Return Date under the terms of this Deed.

• The Underwritten NOI of the Project generates a Cash on Cash Return of at least 6.5% and a Debt Service Coverage of at least 1.37:1.0.

• The Issuer shall repay Principal on the last Business Day of each Interest Period (each a Cash Return Date) in accordance with the Cash Return Schedule and all remaining Principal will be repaid in full on the Maturity Date, together with all accrued but unpaid Interest and any and all amounts due and outstanding under the Debentures pursuant to this Deed.

• Without limiting the generality of the foregoing, each Lender’s obligation to fund its Applicable Percentage of any Additional Advance is subject to Administrative Agent’s verification, based upon audits of Net Operating Income for periods ending not more than sixty (60) days prior to the date of the proposed Additional Advance, of the then Net Operating Income, Debt Service Coverage and Cash on Cash Return.

• Minimum Cash Return Interest will also be paid on each Loan, to the extent of available Collections from the related Portfolio, in accordance with Section 2.2(c)(viii).

• Borrower covenants to repay principal amounts advanced under the Notes and Fixed Interest thereon, and to pay Minimum Cash Return Interest and the Lender's Residual to the extent of available Collections, as more particularly set forth herein.

More Definitions of Cash Return

Cash Return means an amount equal to the multiple of:

Cash Return means with respect to the Relevant Valuation Date, a value determined in accordance to the following formula:

Cash Return means (i) beginning on the First Amendment Date and continuing through the Pricing Date for the fiscal quarter of the Company ending March 31, 2020, the corresponding rate per annum shown opposite Level III in Table B below and (ii) thereafter beginning on any applicable Pricing Date and continuing through the following Pricing Date as determined below, the corresponding rate per annum resulting from Table A or Table B below that results in the highest rate per annum: I Greater than $2,500,000 12 % I Greater than $4,000,000 12 % II Less than or equal to $2,500,000, but greater than or equal to $2,000,000 10 % II Less than or equal to $4,000,000, but greater than or equal to $3,500,000 10 % III Less than $2,000,000 8 % III Less than $3,500,000 8 %

Cash Return for any Valuation Period means the Cash Rate on the Valuation Date at the start of the relevant Valuation Period (as determined by the Issuer in its sole discretion), multiplied by the Cash Return Day Count Fraction;

Cash Return or "()" means in respect of a Strategy Calculation Date (k):

Cash Return. With respect to any Member for any period, the Member's Pro Rata Share of the amount received by the Company on all cash and cash equivalents held by the Company and attributable to such Member during such period.