Project Yield means the ratio, as of any particular date, expressed as a percentage, of (a) annualized Adjusted Net Operating Income from the Projects, as determined by Administrative Agent as of such date, to (b) the outstanding principal balance of the Loan as of such date.
Project Yield means the total quantity of Project Water that the Project can reasonably be expected to produce for Project Water Service to the Project Participants, which is expressed as an annual average rate or base production rate.
Examples of Project Yield in a sentence
However, there is no evidence that the current program (1995-present: de facto peg to the US dollar) has so far been effective in reducing inertia.
Beginning at such time as permitted by the Order and Applicable Laws, each Party shall be entitled to extract from the groundwater basin its pro rata allocation of the Project Yield.
Extraction of Project Yield by non‐parties In the event an entity that is not a Party to this Agreement subscribes to all or a portion of the unsubscribed Project Yield set forth in Section 5(a) as an Additional Project Participant, at such time as permitted by the Order and Applicable Laws, that entity shall be entitled to extract from the groundwater basin its pro rata allocation of the Project Yield.
Project Yield Increase- Section 3408(j) of the Central Valley Project Improvement Act (106 Stat.
Some of these are binding by-laws, but some are mere recommendations.
More Definitions of Project Yield
Project Yield means 100 % of the total annual amount of Recycled Water injected into injection wells pursuant to this Agreement.
Project Yield means the quotient (expressed as a percentage) as reasonably determined by Lender of (x) the annualized Net Operating Income from the Project, as determined by Lender's audit, at Borrower's expense (or at Lender's option, as reasonably estimated by Lender), divided by (y) the then-current outstanding principal balance of the Loan plus all accrued but unpaid interest thereon.
Project Yield for any period means the quotient, as reasonably calculated by Agent, of (x) the Adjusted Net Operating Income from the Projects for a particular period, divided by (y) the sum of (i) the then current outstanding principal balance of the Loan, plus (ii) all accrued but unpaid interest thereon.
Project Yield for any period means the quotient, as reasonably calculated by Agent, of (x) the Adjusted Net Operating Income from the Projects for a particular period, divided by (y) the sum of the then current outstanding principal balance of the Loan plus any Borrowing Availability (if during the Borrowing Period), plus all accrued but unpaid interest thereon, plus the outstanding amount of the Letter of Credit Obligations.
Project Yield. The quotient of (i) Net Operating Income from the Projects as estimated in good faith by Senior Lender or as determined by Senior Lender's audit, at Borrower's expense, at such time, divided by (i) the sum of the then current outstanding principal balance of the Loan plus accrued and unpaid interest thereon plus the then current outstanding principal balance of the Senior Loan plus accrued and unpaid interest thereon.
Project Yield for any period means the quotient of (x) the Net Operating Income from the Project (calculated using actual occupancy of the Project), as determined by Lender's audit (or otherwise reasonably estimated by Lender), at Borrower's expense, divided by (y) the then current outstanding principal balance of the Loan plus all accrued but unpaid interest thereon. "NET OPERATING INCOME" means the Effective Rental Income (as reasonably determined by Lender and excluding non-recurring and non-Property related income) less Expenses. Calculation of "EFFECTIVE RENTAL INCOME" shall be based ---- on the lesser of: (a) the rent rolls from the most recent three months annualized (adjusted for concessions); or (b) an assumed 93% occupancy rate for the same period annualized. Effective Rental Income shall not include receipts from any other sources including, but not limited to, late fees and interest income. Calculation of "EXPENSES" shall mean (i) for purposes of this Section, the actual customary operating expenses of the Property, on a stabilized accrual basis, for the previous twelve (12) month period as reasonably adjusted by Lender, including, but not limited to, recurring expenses, real estate taxes and assessments, a management fee (whether or not paid) equal to the greater of five percent (5%) of effective gross revenue or the amount actually paid by Borrower, a replacement reserve in an amount equal to Three Hundred and No/100 Dollars ($300.00) per unit; or (ii) for purposes of Section 5.9, the actual customary operating expenses of the Property, on a stabilized accrual basis, for the previous twelve (12) month period, including, but not limited to, recurring expenses, real estate taxes and assessments, a management fee (whether or not paid) equal to the greater of five percent (5%) of effective gross revenue or the amount actually paid by Borrower, a replacement reserve in an amount equal to Three Hundred and No/100 Dollars ($300.00) per unit. 1.3.
Project Yield means the quotient of (x) the Net Operating Income from the Project, as reasonably estimated by Lender, divided by (y) the then current outstanding principal balance of the Loan plus all accrued but unpaid interest thereon.