Extension Debt Yield Test definition
Extension Debt Yield Test means a test that is satisfied if Debt Yield for the Test Period then most recently ended is (i) with respect to the first Extension Term, no less than 8.5%, (ii) with respect to the second Extension Term, no less than 9.00%, and (iii) with respect to the third Extension Term, no less than 9.25%.
Examples of Extension Debt Yield Test in a sentence
Borrower shall have the right to prepay a portion of the Loan in accordance with Section 2.1 if and to the extent required to satisfy the Extension Debt Yield Test.