Debt Yield definition
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.
Debt Yield means, as of any date of determination, a fraction expressed as a percentage in which:
Examples of Debt Yield in a sentence
The Borrower shall at all times maintain a minimum Debt Yield of not less than nine percent (9%).
As of the date hereof, the Borrower has a minimum Debt Yield of not less than 9.0% using the trailing 12-month Primary NOI.
In the event that the Borrower fails at any time to satisfy the Debt Yield requirement, it shall have the right to (i) repay the Credit Facility (subject to the requirements of Section 1.5(c)) or (ii) reduce the Revolving Loan Commitment, in each case to a level sufficient to meet the Debt Yield requirement.
Debt Yield shall be tested annually as of December 31 of each year, based on Primary NOI and the outstanding principal balance of the Credit Facility.
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 Underwritten Net Operating Income; and (ii) the denominator is the then outstanding principal balance of the Loan.
Debt Yield. With respect to any Purchased Asset that is a Whole Loan, for any relevant time period, the percentage equivalent of the quotient obtained by dividing (i) the underwritten Net Cash Flow or net operating income for such period with respect to the Mortgaged Property securing such Purchased Asset, as determined by Buyer in its sole discretion, by (ii) the approved maximum Purchase Price of such Purchased Asset as of the applicable date of determination; and
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 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.
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: