Stabilized Net Operating Income definition
Stabilized Net Operating Income means, with respect to any Mortgaged Property or Properties as of any date of determination, the amount of annualized cash flow available for debt service once the related Mortgage Property has stabilized, based on the most recent Appraisal.
Stabilized Net Operating Income or "SNOI" means:
Stabilized Net Operating Income. With respect to any Mortgaged Property or Properties as of any date of determination, the amount of annualized cash flow available for debt service once the related Mortgage Property has stabilized, based on the most recent Appraisal.
More Definitions of Stabilized Net Operating Income
Stabilized Net Operating Income as of any date, the Net Operating Income with respect to the Collateral Pool that would be necessary to support a Debt Service Coverage Ratio with respect to the then outstanding principal balance of the Loan of 1.35:1 (based on a principal and interest constant of nine percent (9%) per annum), such amount as determined by Lender in its sole discretion, but substantially in accordance with the methodology previously approved by Lender and WEA.