Adjusted Net Operating Income. On any date of determination, the sum of (a) the Net Operating Income for the preceding two (2) fiscal quarters annualized minus (b) the Capital Reserves for such period.
Appears in 9 contracts
Samples: Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid-America Apartments, L.P.)
Adjusted Net Operating Income. On any date of determination, the sum of (a) the Net Operating Income for the preceding prior two (2) fiscal quarters annualized minus most recently ended, multiplied by two (2), less (b) the Capital Reserves for such periodReserve.
Appears in 7 contracts
Samples: Credit Agreement (QTS Realty Trust, Inc.), Term Loan Agreement (QualityTech, LP), Credit Agreement (QTS Realty Trust, Inc.)
