Capital Reserve. As at any date of determination, a capital reserve equal to the weighted average of square feet of the Real Estate Assets during the applicable period, multiplied by $0.15 per annum. Capitalization Rate. The Capitalization Rate shall be 8.50%. Capitalized Leases. Leases under which the Borrower or any of its Subsidiaries or any Partially-Owned Entity is the lessee or obligor, the discounted future rental obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with GAAP.
Appears in 3 contracts
Samples: Senior Secured Term Loan Agreement (First Potomac Realty Trust), Senior Secured Term Loan Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust)
Capital Reserve. As at any date of determination, a capital reserve equal to the weighted average total number of square feet of the Real Estate Assets during the applicable periodon such date, multiplied by $0.15 per annum. Capitalization Rate. The Capitalization Rate shall be 8.508.00%. Capitalized Leases. Leases under which the Borrower or any of its Subsidiaries or any Partially-Owned Entity is the lessee or obligor, the discounted future rental obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with GAAP.
Appears in 2 contracts
Samples: Secured Term Loan Agreement (First Potomac Realty Trust), Secured Term Loan Agreement (First Potomac Realty Trust)
Capital Reserve. As at any date of determination, a capital reserve equal to the weighted average total number of square feet of the Real Estate Assets during the applicable periodon such date, multiplied by $0.15 per annum. Capitalization Rate. The Capitalization Rate shall be 8.508.25%. Capitalized Leases. Leases under which the Borrower or any of its Subsidiaries or any Partially-Owned Entity is the lessee or obligor, the discounted future rental obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with GAAP.
Appears in 1 contract
Samples: Revolving Credit Agreement (First Potomac Realty Trust)
Capital Reserve. As at any date of determination, a capital reserve equal to the weighted average of square feet of the Real Estate Assets during the applicable period, multiplied by $0.15 per annum. Capitalization Rate. The Capitalization Rate shall be 8.509.0%. Capitalized Leases. Leases under which the Borrower or any of its Subsidiaries or any Partially-Owned Entity is the lessee or obligor, the discounted future rental obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with GAAP.
Appears in 1 contract
Samples: Revolving Credit Agreement (First Potomac Realty Trust)
