Examples of Underwritten NOI in a sentence
Underwritten NOI Debt Yield Calculation Computation in which the respective loan's Underwritten Net Operating Income ($) was divided by the corresponding Cut-off Date Balance ($).
Underwritten NOI DSCR (x) Calculation Computation in which the respective loan's Underwritten Net Operating Income ($) was divided by the corresponding Trust Annual Debt Service.
Should Borrower fail to satisfy the requirements set forth in either of clause (i) or (ii) above, Lender, in its sole and absolute discretion, may decrease the Valuation Amount and the Underwritten NOI of the “1206 Waltham, MA” Project to exclude any value or income attributable to retail or office uses.
Cut-off Date LTV Ratio, Maturity Date LTV Ratio, DSCR Based on Underwritten NOI / NCF, Debt Yield Based on Underwritten NOI / NCF and Cut-off Date Balance per SF calculations are based on the aggregate cut-off date principal balance of $180,000,000.
With respect to the AFR/Bank of America Portfolio Mortgage Loan, the Underwritten NOI and the Underwritten Net Cash Flow do not include income relating to the Shadow Occupied Release Space.