Changes to Defined Terms. Effective as of the Second Expansion Premises Commencement Date, the following amendments are hereby made to definitions contained on page 1 of the Lease in the Basic Lease Provisions:
Changes to Defined Terms. As of the Effective Date, the following defined terms shall be amended and restated as follows:
Changes to Defined Terms. From and after the Effective Date, Article I of the Credit Agreement shall be amended as follows:
Changes to Defined Terms. From and after the Effective Date, Article I of the Term Loan Agreement shall be amended as follows:
Changes to Defined Terms. The following amendments are hereby made to definitions contained on page 1 of the Lease in the Basic Lease Provisions:
Changes to Defined Terms. From and after the Effective Date, Article I of the Credit Agreement shall be amended as follows: a. The following defined terms shall be added: “Mezzanine Investments” shall mean any investments by Borrower secured by a pledge of ownership interests in legal entities that own institutional grade multifamily property (as determined by the Agent in its reasonable discretion) in the continental United States. “Transition Project” shall mean a Project that has ceased to be a Real Property Under Development for less than four (4) full fiscal quarters. 1 b. The definition of “Real Property Under Development” is deleted in its entirety and shall be replaced by the following: “Real Property Under Development” is defined as any Project which either is under construction or completed and has not yet achieved a leasing level of 85% or more; provided that a Project shall continue to be a Real Property Under Development until the end of the fiscal quarter during which it achieves 85% leasing and provided further that a Project shall cease to be a Real Property Under Development no later than the end of the sixth fiscal quarter following the fiscal quarter during which its final certificate of occupancy was issued. c. The definition of “Total Asset Value” is deleted in its entirety and shall be replaced by the following: “Total Asset Value” means, as of any date, (i) the Net Operating Income for the most recent four (4) consecutive fiscal quarters of the Borrower for which financial results have been reported attributable to Projects (other than Real Property Under Development or Transition Projects) then owned or leased by Borrower or any other member of the Consolidated Group (excluding 100% of the Net Operating Income attributable to any such Projects which have not been owned or leased by any combination of Borrower, other members of the Consolidated Group or Investment Affiliates and included in Borrower's financial statements for at least six (6) fiscal quarters as of the end of the most recent fiscal quarter for which financial results have been reported, other than Net Operating Income from Overlimit General Projects (as defined below) then owned or leased by Borrower or any other member of the Consolidated Group which Net Operating Income will be included in this clause (i)) divided by the Capitalization Rate, plus (ii) 100% of cost for any such Projects first acquired or leased during such six (6) fiscal quarter period (including the amount of any assumed Ind...
Changes to Defined Terms. Section 1 of the Loan Agreement, along with the Recitals thereto, shall be amended, as of the Amendment Effective Date, by deleting the existing definitions of “Loan Commitment” and “Pro Forma DSCR” in their entirety and replacing them with the following:
Changes to Defined Terms. Effective as of March 22, 2021, the following amendments are hereby made to the definitions in the Lease.
Changes to Defined Terms. Effective as of the Effective Date (except as otherwise specified below), the following amendments are hereby made to the definitions contained in the Basic Lease Provisions.
Changes to Defined Terms. Article 1 of the Credit Agreement, shall be amended, as of the Amendment Effective Date, by deleting the existing definitions of “Consolidated EBITDA”,
