We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Capital Reserve Clause in Contracts

Capital Reserve. On an annual basis, an amount equal to $0.25 per square foot. The Capital Reserve shall be calculated based on the total rentable square footage of the Buildings owned (or ground leased) at the end of each fiscal quarter, less the square footage of unoccupied space held for development or redevelopment.

Appears in 3 contracts

Samples: Credit Agreement (City Office REIT, Inc.), Credit Agreement (City Office REIT, Inc.), Credit Agreement (City Office REIT, Inc.)

Capital Reserve. On an annual basis, an amount equal to $0.25 per square footfoot for each building located on Real Estate of the Credit Parties and their Subsidiaries. The Capital Reserve shall be calculated based on the total rentable square footage of the Buildings owned (or ground leased) at as of the end of each fiscal quarter, less the square footage of unoccupied space held for development or redevelopment.

Appears in 1 contract

Samples: Credit Agreement (Hertz Group Realty Trust, Inc.)

Capital Reserve. On an annual basis, an amount equal to $0.25 per square foot. The Capital Reserve shall be calculated based on the total rentable square footage of the Buildings owned (or ground leased) at the end of each fiscal quarter, less the square footage of unoccupied space held for development or redevelopment. Capitalization Rate. Eight percent (8.00%).

Appears in 1 contract

Samples: Credit Agreement (City Office REIT, Inc.)