FFO. If Borrower notifies Lender that the definition of FFO has been amended by the Board of Governors of the National Association of Real Estate Investment Trusts after the date of this Agreement and that Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in FFO or in the application thereof on the operation of such provision (or if Lender notifies Borrower that Lender requests an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in FFO or in the application thereof, then such provision shall be interpreted on the basis of FFO as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith.
FFO. With respect to the Guarantor and its Subsidiaries on a consolidated basis, "funds from operations" as defined in accordance with resolutions adopted by the Board of Governors of the National Association of Real Estate Investment Trusts as in effect on the date of Closing, and as amended from time to time, subject, however, to the provisions of Section 1.3(b) herein.
FFO. With respect to EPR and its Subsidiaries on a consolidated basis, “funds from operations” as defined in accordance with resolutions adopted by the Board of Governors of the National Association of Real Estate Investment Trusts as in effect on the date of Closing, and as amended from time to time, subject, however, to the provisions of Section 1.3(b) herein and excluding the effect of any reduction in FFO attributable to the deduction of acquisition-related expenses required by SFAS-141R. Full Advance Notice. See §2.7. GAAP. Principles that are (a) consistent with the principles promulgated or adopted by the Financial Accounting Standards Board and its predecessors, as in effect from time to time and (b) consistently applied with past financial statements of the Person adopting the same principles; provided that a certified public accountant would, insofar as the use of such accounting principles is pertinent, be in a position to deliver an unqualified opinion (other than a qualification regarding changes in generally accepted accounting principles) as to financial statements in which such principles have been properly applied.
FFO. Funds from Operations, as reported in the Corporation’s periodic reports filed with the Securities and Exchange Commission.
FFO. With respect to EPR and its Subsidiaries on a consolidated basis, “funds from operations” as defined in accordance with resolutions adopted by the Board of Governors of the National Association of Real Estate Investment Trusts as in effect on the date of Closing, and as amended from time to time, subject, however, to the provisions of Section 1.3(b) herein. GAAP. Principles that are (a) consistent with the principles promulgated or adopted by the Financial Accounting Standards Board and its predecessors, as in effect from time to time and (b) consistently applied with past financial statements of the Person adopting the same principles; provided that a certified public accountant would, insofar as the use of such accounting principles is pertinent, be in a position to deliver an unqualified opinion (other than a qualification regarding changes in generally accepted accounting principles) as to financial statements in which such principles have been properly applied.
FFO. The National Association of Real Estate Investment Trusts ("NAREIT") currently defines FFO as net income computed in accordance with generally accepted accounting principles ("GAAP"), excluding gains or losses from depreciable operating property sales, plus real estate depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures. Camden's definition of diluted FFO also assumes conversion of all xxxxxxve convertible securities, including minority interests, which are convertible into common equity. The Company considers FFO to be an appropriate supplemental measure of operating performance because, by excluding gains or losses on dispositions of operating properties and excluding depreciation, FFO can help one compare the operating performance of a company's real estate between periods or as compared to different companies. A reconciliation of net income to FFO is provided below: Three Months Ended Six Months Ended June 30, June 30, ------------------------- ------------------------- 2006 2005 2006 2005 ------------------------- ------------------------- Net income $34,582 $21,852 $76,025 $188,516 Real estate depreciation and amortization from continuing operations 40,579 43,575 76,978 74,606 Real estate depreciation from discontinued operations - 1,430 346 2,857 Adjustments for unconsolidated joint ventures 764 1,297 1,545 1,965 Income from continuing operations allocated to common units 1,130 572 2,433 1,705 Income from discontinued operations allocated to common units - 11 722 23 (Gain) on sale of operating properties - - - (132,117) (Gain) on sale of discontinued operations (23,652) (21,724) (51,044) (36,104) (Gain) on sale of joint venture properties - - (1,763) - ------------------------- ------------------------- Funds from operations - diluted $53,403 $47,013 $105,242 $101,451 ========================= ========================= Weighted average number of common and common equivalent shares outstanding: EPS diluted 56,683 55,538 56,083 53,916 FFO diluted 60,083 58,407 59,539 53,916 Net income per common share - diluted $0.61 $0.39 $1.36 $3.53 FFO per common share - diluted $0.89 $0.80 $1.77 $1.88 Expected FFO Expected FFO is calculated in a method consistent with historical FFO, and is considered an appropriate supplemental measure of expected operating performance when compared to expected net income (EPS). A reconciliation of the ranges provided for expected net income per diluted share to expected FFO per...
FFO containing a statement of Funds From Operations; and (f) Subsidiary Guarantors – setting forth a list of all Subsidiaries that are Subsidiary Guarantors and certifying that each Subsidiary that is required to be a Subsidiary Guarantor pursuant to Section 9.7 is a Subsidiary Guarantor, in each case, as of the date of such certificate of a Senior Financial Officer. Section 7.3.
FFO containing a statement of Funds From Operations; and
FFO ating lll<!))lii«ll:ays Regular employees, who have satisfactorily completed the initial probationary period, shall receive forty (40) hourn personally scheduled holiday time, referred to in this Agreement as floating holidays, each calendar year. Such floating holiday time shall be arranged in advance with each employee's immediate supeirvisor. Floating holiday time may be used in an amount of four (4) hours or more; not to exceed the employee's normal work day. Floating holidays may not be accumulated om year to year. Up to sixteen (1) hours of the forty (40) hours of floating holiday time that remain unused on December 31 of any calendar year shall be paid to the employee the following January.
FFO
