Definition of Portfolio Purchase Price Debt Yield

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.
Sample 1