OFFICE RETAIL Sample Clauses

OFFICE RETAIL. Brandywine Realty Trust - Xxxx Xxxx Realty Corp. - Center Trust - Corporate Office Properties - Parkway Properties Inc. - Kimco Realty Corp. - Highwoods Properties Inc. - Prime Group Realty Trust - Kranzco Realty Trust - Keystone Property Trust - PS Business Parks - Pan Pacific Retail Corp. Properties - Xxxxx Equity Inc. This set of comparables includes information such as share price as a multiple of latest twelve months Funds From Operations ("FFO"), projected 2000 FFO and book value and enterprise value as a multiple of latest twelve months and projected 2000 EBITDA. When deriving multiples on projected measures of financial performance, Bear Xxxxxxx based the estimates of future financial performance on Wall Street research analyst estimates. Bear Xxxxxxx noted that this segment should be valued in the mid-range of comparable companies due to underlying property characteristics, such as relatively strong asset and average tenant quality, relative age and occupancies, limited required capital expenditures and average lease terms. The following table sets forth the comparable companies analysis for the Mainland Commercial segment:

OFFICE RETAIL. Tenants of the office and retail components of the Premises will receive a 50% discount off the then applicable initiation fee for standard Club Memberships (as set forth in the applicable Membership Marketing Plan) for all of their respective full time employees, subject to availability. Owner and Operator will, in good faith, work with the leasing agent on negotiating a discount off the regular monthly dues payable by such employees, consistent with the Club's normal corporate pricing practices, provided, that, in any event, the terms offered to the employees of the tenants of the office and retail components of the Premises will be of a "most favored" nature (i.e., equal to or better than the terms offered to any other pool of members or corporate sponsor of group memberships).