Project Yield. As of each Determination Date, the Project Yield shall be equal to or greater than the following, in each case based upon the trailing twelve (12) full calendar months prior such to the Determination Date (i) as of each of the first four Determination Dates, 13.0%; and (ii) as of each Determination Date thereafter, 13.5%, If a Determination Date is less than twelve (12) months from the date on which a Borrower acquired a Project, Adjusted Net Operating Income for such Project may be annualized based upon the period of such Borrower’s ownership of the Project.
Project Yield. (1) Calculation Period: (2) Trailing _____ months
Project Yield. The quotient of (x) Net Operating Income from the Project as determined by Lender’s audit, at Borrower’s expense, at such time, divided by (y) the sum of the then current outstanding principal balance of the Loan plus any anticipated future fundings on the Loan plus accrued and unpaid interest thereon.
Project Yield. 17 Properties....................................................................1 Property......................................................................1
Project Yield. If on any Determination Date during the first Loan Year, operating statements for the prior twelve (12) month period are not available, the operating statements covering any lesser period of time will be annualized to determine compliance with Section 7.13(c).
Project Yield. As of each Determination Date, the Project Yield shall equal or exceed the Minimum Project Yield required as of such Determination Date.
Project Yield. 8 Projects...................................1 Properties.................................1 Property................................1, 8 Property Condition Reports.................8
Project Yield. The Project Yield as of each Determination Date shall be equal to or greater than 13% based on the trailing twelve (12) full calendar months prior to the Determination Date.
Project Yield. The quotient of (x) Net Operating Income from the Projects as determined by Lender’s audit, at Borrowers’ expense, at such time, divided by (y) the sum of the then current outstanding principal balance of the Loan plus any anticipated future fundings on the Loan plus accrued and unpaid interest thereon. Property Level Blocked Accounts: Account numbers 102 887 0686 (Parkway), 102 890 1323 (Xxxxxx), and 102 887 0694 (Commerce) at PNC Bank, national association, each subject to the Deposit Account Control Agreements.
Project Yield. (1) Calculation Period: (2) Trailing 12 months LOAN AGREEMENT – Schedule 6 – Page 1[Summit Pxxxxxxxxx]
