Borrower Debt Yield Clause Samples

Borrower Debt Yield. The quotient of (a) Adjusted Net Operating Income from the Mortgaged Properties determined as of the end of the fiscal quarter most recently ended divided by (b) the average daily amount of the outstanding principal amount of the Revolving Credit Loans, Letter of Credit Liabilities and Swing Loans, expressed as a percentage.
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Borrower Debt Yield. The Borrower will not at any time permit the Borrower Debt Yield to be less than (a) nine percent (9.0%) on and after the Restatement Effective Date through and including January 31, 2014 (or December 31, 2013, should the Borrower change its fiscal year end to December 31 during calendar year 2013), (b) nine and one quarter percent (9.25%) on and after February 1, 2014 (or January 1, 2014, should the Borrower change its fiscal year end to December 31 during calendar year 2013) through and including January 31, 2015 (or December 31, 2014, should the Borrower change its fiscal year end to December 31 during calendar year 2013 or 2014), and (c) nine and one half percent (9.50%) thereafter.
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Borrower Debt Yield. The Borrower will not at any time on or after January 31, 2013 permit the Borrower Debt Yield to be less than nine percent (9.0%).
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Related to Borrower Debt Yield

  • Secured Leverage Ratio Permit the Secured Leverage Ratio, as of the last day of any fiscal quarter of the Consolidated Group, to be greater than thirty-five percent (35%), or, for a period of four consecutive fiscal quarters following a Material Acquisition, forty percent (40%).

  • Senior Secured Leverage Ratio The Borrowers shall not at any time permit the Senior Secured Leverage Ratio, calculated as of the end of each fiscal quarter, to exceed the maximum ratio set forth below for such fiscal quarter;

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Consolidated Senior Secured Leverage Ratio Permit the Consolidated Senior Secured Leverage Ratio as of the end of any fiscal quarter of the Borrower prior to the Investment Grade Date to be greater than (i) except during a Specified Acquisition Period, 3.75 to 1.00 and (ii) during a Specified Acquisition Period, 4.00 to 1.00.