Release Debt Yield definition

Release Debt Yield shall have the meaning set forth in Section 2.6.1(a)(v) 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 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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More Definitions of Release Debt Yield

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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Related to Release Debt Yield

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

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

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

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