Borrower Debt Yield. The quotient of (a) Adjusted Net Operating Income from the Mortgaged Properties determined as of the end of the fiscal quarter most recently ended divided by (b) the average daily amount of the outstanding principal amount of the Revolving Credit Loans, Letter of Credit Liabilities and Swing Loans, expressed as a percentage.
Appears in 4 contracts
Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)
