Payout Ratio. Distributions shall not exceed ninety percent (90%) of Funds from Operations with respect to the Borrower and the Guarantor on a consolidated basis (or, if greater, the amount required to be distributed under Section 857(a) of the Code).
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Samples: Credit Agreement (Saul Centers Inc), Revolving Credit Agreement (Saul Centers Inc), Revolving Credit Agreement (Saul Centers Inc)
Payout Ratio. Distributions shall not exceed ninety five percent (9095%) of Funds from Operations Operation with respect to the Borrower and the Guarantor on a consolidated basis (or, if greater, the amount required to be distributed under Section 857(a) of the Code)basis.
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