Adjusted Total NOI definition
Adjusted Total NOI means, for any period, Borrowers', the Guarantors' and their respective Affiliates' pro-rata share of Net Operating Income, including the Borrowers', Guarantors' and their respective Affiliates' pro-rata share of Net Operating Income from unconsolidated Persons, less the Capital Expenditure Reserve as of the last day of such period.
Adjusted Total NOI means, for any period, an amount equal to (a) Total Net Operating Income, minus (b) the Capital Expenditure Reserve as of the last day of such period.