Definition of Portfolio Purchase Price Debt Yield

  1. Portfolio Purchase Price Debt Yield means, as of any date of determination, a fraction (expressed as a percentage) (a) the numerator of which is the aggregate Underwritten Net Operating Income for each Mortgaged Property or Mortgaged Properties securing a Purchased Asset then subject to a Transaction, as reasonably determined by Purchaser in its sole discretion, exercised in good faith, and (b) the denominator of which is the Outstanding Facility Purchase Price.

Definition of Portfolio Purchase Price Debt Yield in Master Repurchase Agreement

Portfolio Purchase Price Debt Yield means, as of any date of determination, a fraction (expressed as a percentage) (a) the numerator of which is the aggregate Underwritten Net Operating Income for each Mortgaged Property or Mortgaged Properties securing a Purchased Asset then subject to a Transaction, as reasonably determined by Purchaser in its sole discretion, exercised in good faith, and (b) the denominator of which is the Outstanding Facility Purchase Price.