2%/25% Guidelines definition
2%/25% Guidelines has the meaning set forth in Section 13.
2%/25% Guidelines shall have the meaning set forth in the Charter.
2%/25% Guidelines means the requirement pursuant to the NASAA Guidelines that, in any period of four consecutive fiscal quarters, total Operating Expenses not exceed the greater of 2% of the Company’s Average Invested Assets during such 12-month period or 25% of the Company’s Net Income over the same 12-month period.
Examples of 2%/25% Guidelines in a sentence
If the Independent Directors do not approve such Excess Amount as being so justified, the Advisor shall reimburse the Company the amount by which the Total Operating Expenses exceeded the 2%/25% Guidelines.
More Definitions of 2%/25% Guidelines
2%/25% Guidelines shall have the meaning set forth in Section 9.5.
2%/25% Guidelines means the greater of 2% of Average Invested Assets or 25% of Net Income.
2%/25% Guidelines has the meaning set forth in the Articles of Incorporation.
2%/25% Guidelines shall have the meaning set forth in the Corporate Governance Guidelines.
2%/25% Guidelines shall have the meaning set forth in Section 13. “Valuation Commencement Date” shall mean the date, as set forth in the Memorandum or as otherwise established by the Board, upon which the Company begins determining a NAV per Share for any class of Common Shares. “Valuation Guidelines” shall mean the valuation guidelines adopted by the Board, as amended or restated from time to time.
2%/25% Guidelines has the meaning set forth in the Charter. “Units” has the meaning set forth in the Limited Partnership Agreement. “Valuation Policy” means the valuation policy adopted by the valuation committee of the Board of Directors, as amended from time to time.
2%/25% Guidelines shall have the meaning set forth in Section 13. “Valuation Commencement Date” shall mean the date, as set forth in the Memorandum or as otherwise established by the Board, upon which the Company begins determining a NAV per Share for any class of Common Shares. “Valuation Guidelines” shall mean the valuation guidelines adopted by the Board, as amended or restated from time to time.