Collateral Pool NOI definition

Collateral Pool NOI means, as of the end of any fiscal quarter for any Collateral Pool Property, the sum of:
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Collateral Pool NOI means the Adjusted NOI for Collateral Pool Properties for the previous two (2) quarters on an annualized basis (adjusted for seasonality in a manner reasonably acceptable to the Administrative Agent).
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Collateral Pool NOI means, as of any date, the sum of (a) the aggregate Net Operating Income for the most recent two (2) full fiscal quarters for which financial results of Borrower have been reported attributable to Qualifying Collateral Pool Properties owned for the entirety of such period plus, (b) in the case of any Qualifying Collateral Pool Property that was owned as of the last day of such period of two (2) fiscal quarters, but not so owned for the full period, the amount of Net Operating Income that would have been earned if such Qualifying Collateral Pool Property had been so owned for such period of two (2) full fiscal quarters, as established by Borrower and reasonably approved by the Administrative Agent on behalf of the Lenders.
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More Definitions of Collateral Pool NOI

Collateral Pool NOI means, for any Measurement Period, the Property NOI of all Collateral Pool Properties for such Measurement Period.
Sample 1
Collateral Pool NOI means, as of any date, the sum of (a) the aggregate Net Operating Income (excluding Net Operating Income attributable to a tenant subject to a voluntary or involuntary petition for relief under any federal or state bankruptcy law pursuant to which it has rejected its Lease) for the most recent fiscal quarter for which financial results have been reported attributable to all Qualifying Collateral Pool Properties owned for the entirety of such fiscal quarter plus, (b) in the case of any Qualifying Collateral Pool Property that was owned as of the last day of such fiscal quarter, but not so owned for the full fiscal quarter, the amount of Net Operating Income (excluding Net Operating Income attributable to a tenant subject to a voluntary or involuntary petition for relief under any federal or state bankruptcy law pursuant to which it has rejected its Lease) that would have been earned if such Qualifying Collateral Pool Property had been so owned for the full fiscal quarter, as established by Borrower and reasonably approved by the Administrative Agent on behalf of the Lenders.
Sample 1
Collateral Pool NOI means, as of any date, the sum of (a) the aggregate Net Operating Income for the most recent four (4) consecutive fiscal quarters for which financial results have been reported attributable to all Collateral Properties and Underlying Properties owned for the entirety of such period plus, (b) in the case of any Collateral Property or Underlying Property that was owned as of the last day of such period of four (4) fiscal quarters, but not so owned for the full period of four (4) fiscal quarters by the Borrower or a Subsidiary of the Borrower, the amount of Net Operating Income that would have been earned if such Collateral Property or Underlying Property had been so owned for the full period of four (4) fiscal quarters, calculated by using the per diem Net Operating Income actually earned for such Project during the period it was owned by the Borrower or a Subsidiary of the Borrower.
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Collateral Pool NOI means, as of any date, the amount determined by multiplying four (4) times the aggregate Net Operating Income attributable to the Collateral Assets for the most recent fiscal quarter of Borrower for which financial results have been reported but excluding any portion of such Net Operating Income attributable to a tenant who is an Excluded Tenant as of such date.
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Related to Collateral Pool NOI

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Collateral Floating Percentage means, with respect to any Distribution Date, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Collateral Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Adjusted Invested Amount as of the close of business on such last day; provided, however, that with respect to the first Monthly Period, the Collateral Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Collateral Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Collateral Principal Percentage means, with respect to any Monthly Period, (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Collateral Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Collateral Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated; provided, however, that with respect to the first Monthly Period, the Collateral Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Collateral Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Collateral Coverage Ratio means (i) the aggregate value of any relevant collateral security, including the pro rata value of any shared collateral, divided by (ii) the outstanding aggregate principal amount of the relevant debt.