Corporate Debt Yield Clause Samples

Corporate Debt Yield. The ratio of NOI to Total Debt. 2076882.7

Corporate Debt Yield. Maintain a Corporate Debt Yield Ratio equal to or greater than (i) 10% for the fiscal-quarter periods ended December 31, 2009, March 31, 2010, June 30, 2010 and September 30, 2010; (ii) 11% for the fiscal-quarter periods ended December 31, 2010, March 31, 2011, June 30, 2011 and September 30, 2011; and (iii) 12% for the fiscal-quarter period ended December 31, 2011 and all subsequent ends to fiscal-quarter periods. provided that, notwithstanding anything herein to the contrary, the calculations for all of the financial covenants contained in Section 5.04 shall exclude the On-Campus Participating Properties and the Hampton Roads Joint Venture.

Corporate Debt Yield. The quotient of (a) Adjusted Consolidated EBITDA, divided by (b) Consolidated Total Indebtedness, expressed as a percentage. For the purposes of calculating Corporate Debt Yield, when calculating Adjusted Consolidated EBITDA for Real Estate not owned and operated by Parent Company or any of its Subsidiaries for two (2) full fiscal quarters, the Adjusted Consolidated EBITDA attributable to such Real Estate shall be calculated in accordance with the terms and conditions of this Agreement by using the actual historical results for such Real Estate for the two (2) full fiscal quarters most recently ended as if the Real Estate had been owned by Parent Company or any of its Subsidiaries during such time.

Corporate Debt Yield. The Parent shall not permit the Corporate Debt Yield to be less than the percentage set forth below corresponding to each period set forth below at any time during such period. From the Effective Date to and including March 30, 2012 9.50 % From March 31, 2012 to and including March 30, 2013 9.75 % From March 31, 2013 and at all times thereafter 10.0 % Notwithstanding anything to the contrary set forth in the table above, if pursuant to Section 2.13., the Borrower and the Gallery Borrower exercise their right to extend the Termination Date, then from the date that would have been the Termination Date without giving effect to such extension and at all times thereafter, the Parent shall not permit the Corporate Debt Yield to be less than 10.25%. (y) The Credit Agreement is amended by restating Section 8.2 in its entirety as follows:

Corporate Debt Yield. Parent Company shall not at any time permit the Corporate Debt Yield to be less than fifteen percent (15%).