Unsecured Net Operating Income definition

Unsecured Net Operating Income means at any time all Net Operating Income (but without giving effect to clauses (iii) and (iv) of the definition thereof) attributable to Unencumbered Stabilized Properties.
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Examples of Unsecured Net Operating Income in a sentence

  • The ratio of Unsecured Net Operating Income to Unsecured Interest Expense shall at all times be equal to or greater than 1.75 to 1.0.

  • The ratio of Unsecured Net Operating Income to Unsecured Interest Expense shall at all times be equal to or greater than 2.0 to 1.0.

  • The ratio of Unsecured Net Operating Income to Unsecured ---------------- Interest Expense shall at all times be equal to or greater than 1.75 to 1.0.

  • Ratio of Unsecured Net Operating Income to Unsecured Interest Expense.

  • Ratio of Unsecured Net Operating Income to Unsecured Interest Expense..............................

  • Ratio of Unsecured Net Operating Income to Unsecured Interest Expense..................................

Related to Unsecured Net Operating Income

  • Adjusted Net Operating Income or “Adjusted NOI” means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments:

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • net non-operating income means the difference between: (A) revenues from all sources other than those related to operations; and (B) expenses, including taxes and payments in lieu of taxes, incurred in the generation of revenues in (A) above.

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Net Operating Cash Flow means the net cash flow to the Partnership resulting from ownership and operation of the Partnership Property, plus any other items of income received in cash by the Partnership less (i) all debts and expenses paid in the operation of the Partnership, (ii) any reserves which the General Partners deem reasonably necessary for the operation of the Partnership or for the satisfaction of obligations of the Partnership pursuant to Section 8.6, and (iii) all proceeds which are (A) received by the Partnership from the Transfer of Partnership Property, and (B) used to purchase or reserved, as determined by the General Partners in furtherance of their fiduciary duties hereunder and under the Act, for the purchase of other Partnership Property.