Debt Yield Ratio means, with respect to any Eligible Property or Properties directly or indirectly securing a New Asset, the quotient (expressed as a percentage) of (i) net operating income for the trailing 12-month period for the most recently ended fiscal quarter, divided by (ii) the total amount of indebtedness secured directly or indirectly by such Eligible Property or Properties that are senior to or pari passu with such New Asset.
Debt Yield Ratio means the ratio (expressed as a percentage) of Net Operating Income (measured for the trailing six (6) months and on an annualized basis) to the average outstanding balance of the Loans at the time of determination.
Debt Yield Ratio means a ratio, as reasonably determined by Administrative Agent for the applicable period, in which:
Examples of Debt Yield Ratio in a sentence
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The Board of Directors is at present considering these alternative scenarios, the details of which are still subject to negotiation.In line with previous expectations and as a result of recent asset sales the Group is now in Default in relation to its Projected Interest Cover and Projected Debt Yield Ratio covenants.
The lender's Debt Yield Ratio is$100,000 x100% = 10%$1 million These are some of the benchmarks lenders will apply when reviewing loan applications.
Additionally the swimmers are taught how competitive swim meets are run so that they know what to expect when they enter their first meets.Attendance: We encourage attending at least two (2) times per week if it fits your family schedule (45 minutes per day) DevelopmentalMinimum Expectation: Complete 50 yards of freestyle and backstroke.
The Company informed ABN Amro Bank NV immediately after this violation had been established about the granting of the Adjusted Debt Yield Ratio to ING Belgium NV and undertook to grant the changes to the credit agreement with ABN Amro Bank NV desired by ABN Amro Bank NV.
More Definitions of Debt Yield Ratio
Debt Yield Ratio. At any time, the percentage equivalent of a fraction, determined as of the last day of the most recently ended Measurement Quarter, the numerator of which is equal to the Annualized Net Cash Flow (excluding income and expense attributable to Non-Leased Properties during the Exclusion Period) for such Measurement Quarter and the denominator of which is equal to the Advances Outstanding as of such last day of such Measurement Quarter (excluding the Allocated Loan Amounts for Non-Leased Properties during the Exclusion Period).
Debt Yield Ratio has the meaning given in Section 6.1(a).
Debt Yield Ratio. At any time, the percentage equivalent of a fraction, determined as of the last day of the most recently ended Measurement Quarter, the numerator of which is equal to the Annualized Net Cash Flow (excluding income and expense attributable to Non-Leased Properties and Vacant Properties during their respective Exclusion Periods) for such Measurement Quarter and the denominator of which is equal to the Advances Outstanding as of such last day of such Measurement Quarter (excluding the Allocated Loan Amounts for Non-Leased Properties and Vacant Properties during their respective Exclusion Periods).
Debt Yield Ratio means, as of any date of calculation, a ratio conveyed as a percentage in which: (a) the numerator is the Net Operating Income (which shall be calculated on the basis of the Operating Expenses and the Operating Income for a trailing period of six (6) months each (annualized and normalized)); and (b) the denominator is the Loan Amount. Lender’s calculation Loan Agreement Loan Number 201916813 #63074348_v17 of the Debt Yield Ratio, and all component calculations, shall be conclusive and binding on Borrower absent manifest error.
Debt Yield Ratio means, as of any date of determination, the ratio, expressed as a percentage, of (a) the MCASH NOI on a trailing four (4) fiscal quarter basis as of the last day of the most recently completed fiscal quarter for which financial statements are required to be delivered pursuant to Section 9.1 or Section 9.2, as applicable, to (b) the Aggregate Outstanding Balance as of such date.
Debt Yield Ratio means, as of any date of determination, the ratio, expressed as a percentage, of (i) the Borrowing Base Modified Cash NOI on a trailing 12-month basis, first tested as of the last day of the first quarter of 2023 and thereafter on a quarterly basis (each, a “Testing Date”), with a Compliance Certificate to be delivered 45 days after each Testing Date, to (ii) the aggregate outstanding principal amount of New Bank Term Loans as of such date. As used in this summary of terms, “Borrowing Base Modified Cash NOI” means net operating income from collateral properties, determined on a GAAP basis that (i) excludes straight-line rents and above / below market lease rates, (ii) includes lease buyouts and landlord inducements, but not write-offs of landlord inducements, and (iii) excludes the Imputed Base Management Fee. REIT Bad-Act Guaranty: CBL & Associates Properties, Inc. will provide an unsecured Guaranty (the “REIT Guaranty”) in the same form as provided in connection with the First Lien Credit Agreement covering losses solely with respect to those suffered by reason of fraud of or willful misrepresentation by the (i) New Bank Claim Borrower, (ii) the New Notes Issuer, or the (iii) Bank Claim Borrower. The REIT Guaranty will be limited to an aggregate principal amount of $175.0 million, which amount shall be reduced, to the extent paid, by an amount equal to the following: (i) 100% of the first $2.5 million of mandatory amortization per year; (ii) 50% of remaining mandatory amortization; (iii) 100% of Excess Cash (as defined below) sweep payments; and (iv) 150% of any voluntary prepayments of the New Bank Term Loan Facility in each case beginning immediately after the Plan Effective Date; provided that such reduction shall be exclusive of any mandatory prepayments in connection with dispositions and casualty events. The REIT Guaranty will terminate on the earlier of the date on which (i) the outstanding principal amount of the New Bank Term Loans is reduced to less than $650.0 million and (ii) after the second anniversary of the Closing Date, the Debt Yield Ratio is greater than 15.0%.
Debt Yield Ratio means, at any time of determination, Net Cash Flow for the trailing 12-month period divided by the then outstanding Loan Amount.