Debt Yield Ratio. At any time, the percentage equivalent of a fraction, determined as of the last day of the most recently ended Fiscal Quarter, the numerator of which is equal to the Annualized Net Cash Flow for such Fiscal Quarter and the denominator of which is equal to the Advances Outstanding as of such last day of such Fiscal Quarter.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Silver Bay Realty Trust Corp.), Revolving Credit Agreement (Silver Bay Realty Trust Corp.)
Debt Yield Ratio. At any time, the percentage equivalent of a fraction, determined as of the last day of the most recently ended Fiscal Quarter, the numerator of which is equal to the Annualized Net Cash Flow for such Fiscal Quarter and the denominator of which is equal to the Advances Outstanding as of such last day of such Fiscal QuarterQuarter Default: Any condition, occurrence or event which, after notice or lapse of time or both, would constitute an Event of Default.
Appears in 1 contract
Sources: Revolving Credit Agreement (Silver Bay Realty Trust Corp.)