Release Debt Yield definition

Release Debt Yield shall have the meaning set forth in Section 2.5.2(e) hereof.
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Release Debt Yield means, as of any date of determination, the percentage obtained by dividing (a) Net Cash Flow for the twelve (12) month period immediately preceding such date, excluding the amount of any Net Cash Flow from the Individual Property which is the subject of such Property Release, by (b) the sum of the outstanding principal balance as of such date of the Mortgage Loan, the Loan, and the Other Senior Mezzanine Loans, after taking into account the payment of the applicable Mortgage Loan Release Amount, the Release Amount and the Other Mezzanine Loan Release Amounts.
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Release Debt Yield means the product of (a) 10% multiplied by (b) a fraction, the numerator of which is the sum of (x) the Release Amounts and (y) the Mezzanine Release Amounts of all Mortgaged Properties subject to the lien of the Mortgages and the related Loan Documents (including the Mortgaged Property to be released), and the denominator of which is the sum of (x) the then current Amortized Release Amounts and (y) the then current Amortized Mezzanine Release Amounts of all Mortgaged Properties subject to the lien of the Mortgages and the related Loan Documents (including the Mortgaged Property to be released).
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More Definitions of Release Debt Yield

Release Debt Yield means the greater of (i) the lesser of (A) fifteen percent (15%) or (B) the Debt Yield immediately prior to giving effect to the applicable partial release or (ii) ten and two-tenths percent (10.2%).
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Related to Release Debt Yield

  • Debt Yield as of any date of determination, the percentage obtained by dividing:

  • First Lien Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Total Debt Service means the sum of (i) scheduled or other required payments of principal on Indebtedness, and (ii) Interest Expense, in each case for such period.

  • Leverage Ratio means, on any date, the ratio of Total Debt on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date.

  • Secured Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of such date to (b) EBITDA of the Company and its Restricted Subsidiaries for the most recently ended Test Period on or prior to such date, in each case with such pro forma adjustments as are consistent with the pro forma adjustments set forth in the definition of “Interest Coverage Ratio.”