Common use of Debt Yield Clause in Contracts

Debt Yield. Within thirty (30) days after the end of each Fiscal Year, Borrower shall deliver to Administrative Agent a Compliance Certificate setting forth the Debt Yield calculated as of the last day of such Fiscal Year. In the Event the Debt Yield is less than _____ percent (___.0%), as determined by Administrative Agent in its sole discretion, Borrower shall be required to prepay the Loan within thirty (30) days of notice of the failure to meet the required Debt Yield in an amount that would result in a Debt Yield of _____ percent (__.0%).]

Appears in 1 contract

Samples: Construction Loan Agreement

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Debt Yield. Within thirty (30) days after the end of each Fiscal Year, Borrower shall deliver to Administrative Agent Lender a Compliance Certificate setting forth the Debt Yield calculated as of the last day of such Fiscal Year. In the Event the Debt Yield is less than _____ percent (___.0%), as determined by Administrative Agent Lender in its sole discretion, Borrower shall be required to prepay the Loan within thirty (30) days of notice of the failure to meet the required Debt Yield in an amount that would result in a Debt Yield of _____ percent (__.0%).].0%).]39

Appears in 1 contract

Samples: Term Loan Agreement

Debt Yield. Within thirty (30) days after the end of each Fiscal Year, Borrower shall deliver to Administrative Agent Lender a Compliance Certificate setting forth the Debt Yield calculated as of the last day of such Fiscal Year. In the Event the Debt Yield is less than _____ percent (___.0%), as determined by Administrative Agent Lender in its sole discretion, Borrower shall be required to prepay the Loan within thirty (30) days of notice of the failure to meet the required Debt Yield in an amount that would result in a Debt Yield of _____ percent (__.0%).]

Appears in 1 contract

Samples: Construction Loan Agreement

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Debt Yield. Within thirty (30) days after the end of each Fiscal Year, Borrower shall deliver to Administrative Agent a Compliance Certificate setting forth the Debt Yield calculated as of the last day of such Fiscal Year. In the Event the Debt Yield is less than _____ percent (___.0%), as determined by Administrative Agent in its sole discretion, Borrower shall be required to prepay the Loan within thirty (30) days of notice of the failure to meet the required Debt Yield in an amount that would result in a Debt Yield of _____ percent (__.0%).].0%).]42

Appears in 1 contract

Samples: Term Loan Agreement

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