Common use of Debt Yield Clause in Contracts

Debt Yield. Permit the Debt Yield as at the last day of any calendar month, if, as of any date during such calendar month, any Loans or Reimbursement Obligations were outstanding or any Letters of Credit were outstanding that were not Cash Collateralized in an amount not less than the Minimum Collateral Amount, to be less than 9.00%.

Appears in 3 contracts

Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.)

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Debt Yield. Permit the Debt Yield as at the last day of any calendar month, if, as of any date during such calendar month, any Loans or Reimbursement Obligations were outstanding or any Letters of Credit were outstanding that were not Cash Collateralized in an amount not less than the Minimum Collateral Amount, to be less than 9.009%.

Appears in 1 contract

Samples: Credit Agreement (ESH Hospitality LLC)

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