Minimum Extension Debt Yield definition

Minimum Extension Debt Yield means either (a) in connection Borrower’s exercise of the Second Extension Option, ten and eight-tenths percent (10.80%) or (b) in connection Borrower’s exercise of the Third Extension Option, eleven and five-hundredths percent (11.05%).
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Minimum Extension Debt Yield shall have the meaning set forth in Section 2.3.2(b)(xii).
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Minimum Extension Debt Yield shall have the meaning set forth in Section 2.3.2(b)(viii). “Minimum Leasing Parameters” shall mean, with respect to any Lease, the leasing parameters set forth on Schedule V attached hereto. “Minor Lease” shall mean any Lease that is not a Major Lease. “Monthly Debt Service Payment Amount” shall mean on each Monthly Payment Date through and including the Maturity Date, an amount equal to the interest accruing on the Outstanding Principal Balance at the Applicable Interest Rate (or at the Default Rate, as applicable) for the immediately preceding Interest Period, which interest shall be calculated in accordance with Section 2.2. “Monthly Payment Date” shall mean the ninth (9th) calendar day of each calendar month during the term of the Loan, and if such day is not a Business Day, then the Business Day immediately preceding such day. “Moody’s” shall mean Xxxxx’x Investors Service, Inc. “Mortgage” shall mean, as of the date hereof, (i) that certain Senior Loan Consolidated, Amended and Restated Mortgage, Assignment of Leases and Rents and Security Agreement, dated as of the Original Closing Date, executed and delivered by Borrower as security for the Loan and
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Examples of Minimum Extension Debt Yield in a sentence

  • Any collateral provided to Administrative Agent pursuant to (X) or (Y) above shall be released to Borrower upon the Property achieving the Minimum Extension Debt Yield for two (2) consecutive calendar quarters.

  • With respect to the Initial Closing, the Company shall have satisfied the Minimum Extension Debt Yield condition to the exercise of the Second Extension Option under Section 2.7.1(f) of the ENN Pool I Loan Documents; provided that the Company and the Borrowers (as defined in the ENN Pool I Loan Documents) under the ENN Pool I Loan Documents shall be permitted to make principal repayment in order to satisfy such Minimum Extension Debt Yield in an aggregate amount not to exceed $5,000,000.

Related to Minimum Extension Debt Yield

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Debt Yield means, as of any date of determination, a fraction expressed as a percentage in which:

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Extension Term means the time period defined in §2.C.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds.

  • Maturity Date Extension Request means a request by the Borrower, in the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Maturity Date pursuant to Section 2.20.

  • Second Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Credit Extension Date means the Borrowing Date for an Advance or the issuance date for a Facility LC.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).