Debt Yield definition

Debt Yield means, as of any date of determination, a fraction expressed as a percentage in which:

Debt Yield as of any date of determination, the percentage obtained by dividing:

Debt Yield shall have the meaning set forth in the Mortgage Loan Agreement.

Examples of Debt Yield in a sentence

• Borrower shall not make any dividend or distribution for or on account of equity interests in Borrower if, either before or after giving effect to such dividend or distribution, (a) Borrower is not in compliance with the required Debt Yield or Debt Service Coverage Ratio provided in Exhibit 4.16, or (b) a Default or Event of Default would occur or has occurred and is continuing.

• Borrower shall be in compliance with the required Debt Yield and Debt Service Coverage Ratio provided in Exhibit 4.16; however, for purposes of calculating such ratios, the pending DLOC Draw and all previous DLOC Draws will be deemed to have been outstanding for the 12 month time period preceding the funding of the pending DLOC Draw.

• The agreed measures against which its performance will be monitored are Net Income, Property Yield, Surplus Income (after Debt), Yield on equity, Rent arrears, and voids.

More Definitions of Debt Yield

Debt Yield means, as of any date of calculation, a ratio conveyed as a percentage in which: (i) the numerator is the Underwritable Cash Flow; and (ii) the denominator is the then outstanding principal balance of the Loan.

Debt Yield means Adjusted Net Cash Flow divided by the sum of (a) the unpaid principal amount of the Mortgage Loan and (b) the outstanding principal balance of any subordinate or mezzanine financing including, without limitation, the Loan and any other mezzanine loan which constitutes a portion of the Mez Loan then affecting or related to the Property or any interest therein (determined as of the date of the calculation of Debt Yield).

Debt Yield means, at any time of determination, Net Cash Flow for the trailing twelve (12) month period divided by the then outstanding principal balance of the Loan and the Mezzanine Loan.

Debt Yield means, as of any date of determination, the ratio, expressed as a percentage, between the Net Operating Income for the twelve (12) month period preceding the date of calculation and [the average outstanding principal balance of the Loan for such twelve (12) month period][ the outstanding principal balance of the Loan as of the date of determination].

Debt Yield. With respect to any Purchased Asset and for any relevant time period, the percentage equivalent of the quotient obtained by dividing (i) the underwritten net cash flow for such period from the Mortgaged Properties securing such Purchased Asset, as determined by Buyer in its sole discretion, by (ii) the outstanding Purchase Price of such Purchased Asset on the last day of such time period.

Debt Yield means a ratio in which:

Debt Yield means the ratio, expressed as a percentage, as of the date of determination of (a) Adjusted Net Operating Income from Performing Assets as determined by the Administrative Agent for a particular period, to (b) the outstanding principal balance of the Loan as of such date.