Debt Yield Percentage definition
Debt Yield Percentage has the meaning set forth in Section 6.1.
Debt Yield Percentage means the ratio, expressed as a percentage, of (x) NOI for any twelve (12) month period (or lesser period that may be annualized as set forth in Section 7.02) to (y) the average outstanding principal balance of the Loan during such period.
Debt Yield Percentage means the quotient of (i) annualized Net Operating Income for the Projects for the applicable measurement period divided by (ii) the outstanding principal balance of the Loan, expressed as a percentage. The applicable measurement period shall be the six (6) month period immediately preceding the date of calculation ending on the last day of each applicable quarter.
Examples of Debt Yield Percentage in a sentence
Borrowers shall maintain a Debt Yield Percentage of not less than 9.0%.
More Definitions of Debt Yield Percentage
Debt Yield Percentage has the meaning set forth in Section 6.1. CHICAGO/#2502765.12
Debt Yield Percentage shall have the meaning set forth in the Pricing Side Letter.
Debt Yield Percentage means a percent equal to the greater of (i) 15.0 and (ii) the product of (A) the Debt Service Constant and (B) 1.5.
Debt Yield Percentage means the quotient of (i) annualized EBITDARM for the Projects for the applicable measurement period divided by (ii) the outstanding principal balance of the Loan, expressed as a percentage. The applicable measurement period shall be the three (3) month period immediately preceding the date of calculation until and including March 31, 2013; thereafter, the applicable measurement period shall be the six (6) month period immediately preceding the date of calculation.