Debt Yield Threshold definition
Debt Yield Threshold means eight percent (8.0%).
Debt Yield Threshold shall have the meaning set forth in Section 8.7 hereof.
Debt Yield Threshold means, with respect to any release of a Property, the greater of (x) the Closing Date Debt Yield and (y) Debt Yield immediately prior to such release.
More Definitions of Debt Yield Threshold
Debt Yield Threshold means six percent (6.00%).
Debt Yield Threshold shall have the meaning set forth in the definition of “Trigger Period”.
Debt Yield Threshold means six and one-quarter percent (6.25%).
Debt Yield Threshold means 13.0%.
Debt Yield Threshold means 8.25%.
Debt Yield Threshold shall have the meaning set forth in the Mortgage Loan Agreement.
Debt Yield Threshold as follows: (a) during the period from the Closing Date through and including the Stated Maturity Date, 6.00%, (b) during the period from the Stated Maturity Date through and including the second Extended Maturity Date (assuming the exercise of the first and second Extension Options), 6.25% or (c) at any time after the second Extended Maturity Date (assuming the exercise of the third Extension Option), 6.50%, in each case, for two (2) consecutive calendar quarters (a “Debt Yield Trigger Event”) and (iv) the Debt Service Coverage Ratio falling below 1.10:1.00 (calculated assuming an interest rate equal to the then current Interest Rate and, with respect to the Mezzanine Loan, the Interest Rate (as defined in the Mezzanine Loan Agreement)) for two (2) consecutive calendar quarters (a “Debt Service Coverage Ratio Trigger Event”); and (B) expiring upon (w) with regard to any Trigger Period commenced in connection with clause (i) above, the cure (if applicable) of such Event of Default, (x) with regard to any Trigger Period commenced in connection with clause (ii) above, the termination of such Mezzanine Trigger Period, (y) with regard to any Trigger Period commenced in connection with clause (iii) above, either (I) the date that the Debt Yield is equal to or greater than the applicable Debt Yield Threshold for two (2) consecutive calendar quarters, (II) Borrower prepays the Loan and the Mezzanine Loan on a pro rata basis in an amount sufficient such that the Debt Yield shall be not less than the applicable Debt Yield Threshold in accordance with Section 2.7(a) hereof (including payment of any applicable Prepayment Premium) (provided that in the event of a prepayment pursuant to this clause (II), the Debt Yield Trigger Event shall cease upon such prepayment without any obligation to wait two (2) consecutive calendar quarters) or (III) the date that Borrower delivers Low Cash Flow Period Threshold Collateral or Low Cash Flow Period Threshold Letter of Credit in accordance with Section 9.9 hereof and (z) with regard to any Trigger Period commenced in connection with clause (iv) above, either (I) the date that the Debt Service Coverage Ratio (calculated pursuant to clause (iv) above) is equal to or greater than 1.10:1.00 for two (2) consecutive calendar quarters, (II) Borrower prepays the Loan and the Mezzanine Loan on a pro rata basis in an amount sufficient such that the Debt Service Coverage Ratio (calculated pursuant to clause (iv) above) is equal to or greate...