Common use of [Debt Yield Compliance Clause in Contracts

[Debt Yield Compliance. The Debt Yield shall be equal to or in excess of 12.5% (on a pro forma basis taking into account such increase in Revolving Commitments) before and after giving effect to such increase in Revolving Commitments and the Administrative Agent shall have received a certificate dated as of the Increase Effective Date and executed by a Responsible Officer of the Borrower showing compliance with such requirement in form and substance reasonably acceptable to the Administrative Agent.]14

Appears in 1 contract

Samples: Credit Agreement (ESH Hospitality LLC)

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[Debt Yield Compliance. The Debt Yield shall be equal to or in excess of 12.512.0% (on a pro forma basis taking into account such increase in Revolving Commitments) before and after giving effect to such increase in Revolving Commitments and the Administrative Agent shall have received a certificate dated as of the Increase Effective Date and executed by a Responsible Officer of the Borrower showing compliance with such requirement in form and substance reasonably acceptable to the Administrative Agent.]14Agent.]20

Appears in 1 contract

Samples: Credit Agreement (ESH Hospitality, Inc.)

[Debt Yield Compliance. The Debt Yield shall be equal to or in excess of 12.5% (on a pro forma basis taking into account such increase in extension of Revolving Commitments) before and after giving effect to such increase in extension of Revolving Commitments and the Administrative Agent shall have received a certificate dated as of the Increase New Lender Effective Date and executed by a Responsible Officer of the Borrower showing compliance with such requirement in form and substance reasonably acceptable to the Administrative Agent.]14Agent.]15

Appears in 1 contract

Samples: Credit Agreement (ESH Hospitality LLC)

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[Debt Yield Compliance. The Debt Yield shall be equal to or in excess of 12.512.0% (on a pro forma basis taking into account such increase in extension of Revolving Commitments) before and after giving effect to such increase in extension of Revolving Commitments and the Administrative Agent shall have received a certificate dated as of the Increase New Lender Effective Date and executed by a Responsible Officer of the Borrower showing compliance with such requirement in form and substance reasonably acceptable to the Administrative Agent.]14Agent.]22

Appears in 1 contract

Samples: Credit Agreement (ESH Hospitality, Inc.)

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