Capitalized Value. With respect to any Stabilized Property, an amount equal to (a) the Net Operating Income from such Stabilized Property for the preceding calendar quarter multiplied by four (4), divided by (b) the Capitalization Rate.
Appears in 4 contracts
Samples: Credit Agreement (Dupont Fabros Technology, Inc.), Term Loan Agreement (Dupont Fabros Technology, Inc.), Credit Agreement (Dupont Fabros Technology, Inc.)
Capitalized Value. With respect to any Stabilized PropertyProperty owned by Borrower or any of its Subsidiaries or Unconsolidated Affiliates, an amount equal to (a) the Adjusted Net Operating Income from such Stabilized Property for the preceding calendar quarter multiplied by four (4)) calendar quarter period, divided by (b) the Capitalization Ratesix and one-fourth percent (6.25%).
Appears in 2 contracts
Samples: Credit Agreement (GTJ REIT, Inc.), Credit Agreement (Monogram Residential Trust, Inc.)
Capitalized Value. With respect to any Stabilized PropertyProperty owned by Borrower or any of its Subsidiaries or Unconsolidated Affiliates, an amount equal to (a) the Adjusted Net Operating Income from such Stabilized Property for the preceding calendar quarter multiplied by four (4)) calendar quarter period, divided by (b) the Capitalization Ratesix percent (6.00%).
Appears in 1 contract
Samples: Credit Agreement (GTJ Reit, Inc.)
