Collateral Pool NOI definition

Collateral Pool NOI means, as of any date, the sum of (a) the aggregate Net Operating Income for the most recent two (2) full fiscal quarters for which financial results of Borrower have been reported attributable to Qualifying Collateral Pool Properties owned for the entirety of such period plus, (b) in the case of any Qualifying Collateral Pool Property that was owned as of the last day of such period of two (2) fiscal quarters, but not so owned for the full period, the amount of Net Operating Income that would have been earned if such Qualifying Collateral Pool Property had been so owned for such period of two (2) full fiscal quarters, as established by Borrower and reasonably approved by the Administrative Agent on behalf of the Lenders.
Sample 1
Collateral Pool NOI means the Adjusted NOI for Collateral Pool Properties for the previous two (2) quarters on an annualized basis (adjusted for seasonality in a manner reasonably acceptable to the Administrative Agent).
Sample 1
Collateral Pool NOI means, for any Measurement Period, the Property NOI of all Collateral Pool Properties for such Measurement Period.
Sample 1

More Definitions of Collateral Pool NOI

Collateral Pool NOI means, as of the end of any fiscal quarter for any Collateral Pool Property, the sum of:
Sample 1
Collateral Pool NOI means, as of any date, the sum of (a) the aggregate Net Operating Income (excluding Net Operating Income attributable to a tenant subject to a voluntary or involuntary petition for relief under any federal or state bankruptcy law pursuant to which it has rejected its Lease) for the most recent fiscal quarter for which financial results have been reported attributable to all Qualifying Collateral Pool Properties owned for the entirety of such fiscal quarter plus, (b) in the case of any Qualifying Collateral Pool Property that was owned as of the last day of such fiscal quarter, but not so owned for the full fiscal quarter, the amount of Net Operating Income (excluding Net Operating Income attributable to a tenant subject to a voluntary or involuntary petition for relief under any federal or state bankruptcy law pursuant to which it has rejected its Lease) that would have been earned if such Qualifying Collateral Pool Property had been so owned for the full fiscal quarter, as established by Borrower and reasonably approved by the Administrative Agent on behalf of the Lenders.
Sample 1
Collateral Pool NOI means, as of any date, the amount determined by multiplying four (4) times the aggregate Net Operating Income attributable to the Collateral Assets for the most recent fiscal quarter of Borrower for which financial results have been reported but excluding any portion of such Net Operating Income attributable to a tenant who is an Excluded Tenant as of such date.
Sample 1
Collateral Pool NOI means, as of any date, the sum of (a) the aggregate Net Operating Income for the most recent four (4) consecutive fiscal quarters for which financial results have been reported attributable to all Collateral Properties and Underlying Properties owned for the entirety of such period plus, (b) in the case of any Collateral Property or Underlying Property that was owned as of the last day of such period of four (4) fiscal quarters, but not so owned for the full period of four (4) fiscal quarters by the Borrower or a Subsidiary of the Borrower, the amount of Net Operating Income that would have been earned if such Collateral Property or Underlying Property had been so owned for the full period of four (4) fiscal quarters, calculated by using the per diem Net Operating Income actually earned for such Project during the period it was owned by the Borrower or a Subsidiary of the Borrower.
Sample 1

Related to Collateral Pool NOI

  • Collateral Pool means the aggregate total of the Collateral.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • Asset Pool means a pool of cash-flow generating assets in which an issuer of a securitized product has a direct or indirect ownership or security interest;

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Collateral Floating Percentage means, with respect to any Distribution Date, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Collateral Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Adjusted Invested Amount as of the close of business on such last day; provided, however, that with respect to the first Monthly Period, the Collateral Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Collateral Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Collateral Principal Percentage means, with respect to any Monthly Period, (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Collateral Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Collateral Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated; provided, however, that with respect to the first Monthly Period, the Collateral Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Collateral Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • rateable property means property on which the municipality may in terms of Section 2 of the Property Rates Act 2004 levy a rate, but excluding property fully excluded from the levying of rates in terms of Section 17 of that Act.

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Collateral Call means a notice to a Participant that additional Collateral, or possibly early payment, is required in order to remain in, or to regain, compliance with Tariff, Attachment Q. Commencement Date:

  • Mortgage Pool Assets (i) The Mortgage Loans (including all Substitute Mortgage Loans) identified on the Mortgage Loan Schedule, and all rights pertaining thereto, including the related Mortgage Notes, Mortgages, Cooperative Stock Certificates, Cooperative Leases, Security Agreements, Assignments of Proprietary Lease, and Recognition Agreements, and all Monthly Payments due after the Cut-Off Date and all other payments and distributions collected with respect to the Mortgage Loans on or after the Cut-Off Date; (ii) the Certificate Account, the Investment Account, and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iii) the Custodial Accounts for P&I and any Buydown Fund Account (to the extent of the amounts on deposit or other property therein attributable to the Mortgage Loans), and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iv) all property that secured a Mortgage Loan and that has been acquired by foreclosure or deed in lieu of foreclosure or, in the case of a Cooperative Loan, a similar form of conversion, after the Cut-Off Date; and (v) each FHA insurance policy, Primary Insurance Policy, VA guaranty, and other insurance policy related to any Mortgage Loan, and all amounts paid or payable thereunder and all proceeds thereof.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Collateral Coverage Ratio means (i) the aggregate value of any relevant collateral security, including the pro rata value of any shared collateral, divided by (ii) the outstanding aggregate principal amount of the relevant debt.

  • newly rateable property means any rateable property on which property rates were not levied before the end of the financial year preceding the date on which this Act took effect, excluding –

  • Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Hedge Collateral Defined in Section 5.3(b).

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • CREFC® Loan Level Reserve/LOC Report The monthly report in the “CREFC® Loan Level Reserve/LOC Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • LTV Ratio With respect to any Mortgage Loan, as of any date of determination, a fraction, expressed as a percentage, the numerator of which is the scheduled principal balance of such Mortgage Loan, as of such date (assuming no defaults or prepayments on such Mortgage Loan prior to that date), and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • CMSA Loan Level Reserve/LOC Report means the monthly report substantially in the form of, and containing the information called for in, the downloadable form of the "Loan Level Reserve/LOC Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.