Annual Capital Expenditure Adjustment means, for any retail Property, an amount equal to the product of (a) $0.15 multiplied by (b) the aggregate net rentable area (determined on a square feet basis) of all such Properties.
Annual Capital Expenditure Adjustment means (i) in the case of a Portfolio Property consisting of a Hotel Property, an office property or a retail property (x) if such Portfolio Property has been owned, or ground leased pursuant to an Eligible Ground Lease, by one or more Subsidiaries of the Company for at least four consecutive full fiscal quarters for which financial statements have been provided to the holders pursuant to Section 7.1(a) or (b), 4% of the average of the quarterly gross revenues from such Portfolio Property as set forth in the financial statements for the then most recently ended four consecutive fiscal quarter period of the REIT delivered to the holders pursuant to Section 7.1(a) or (b) and (y) if such Portfolio Property has not been owned, or ground leased pursuant to an Eligible Ground Lease, by one or more Subsidiaries of the Company for at least four consecutive full fiscal quarters for which financial statements have been provided to the holders pursuant to Section 7.1(a) or (b), 4% of the average of the quarterly gross revenues from such Portfolio Property for the period consisting of all of the full fiscal quarters of the REIT commencing after the date such Portfolio Property was acquired (or after an Eligible Ground Lease is entered into with respect to such Portfolio Property, if applicable) by a Subsidiary of the Company for which financial statements have been provided to the holders pursuant to Section 7.1(a) or (b), and (ii) in the case of any Portfolio Property consisting of a residential property, an amount equal to $125 multiplied by the number of units in such residential property. For purposes of clause (i)(y) of this definition, in the case of any Portfolio Property consisting of a Portfolio Property that is owned, or ground leased pursuant to an Eligible Ground Lease, by one or more Subsidiaries of the Company for at least one full fiscal month of the REIT but less than one full fiscal quarter for which financial statements have been provided to the holders pursuant to Section 7.1(a) or (b), the Annual Capital Expenditure Adjustment for such Portfolio Property shall equal (x) if such Portfolio Property is owned, or ground leased pursuant to an Eligible Ground Lease, for less than two full fiscal months of the REIT, the Annual Capital Expenditure Adjustment that would apply to such Portfolio Property if calculated in accordance with the applicable clause of this of definition above (but for only the then most recently ended one fiscal month period of the R...
Annual Capital Expenditure Adjustment for any Real Property shall be an amount equal to, without duplication, the product of (i) $0.25 (in the case of office properties and the Empire State Observatory) or $0.15 (in the case of retail properties) multiplied by (ii) the aggregate net rentable area (determined on a square feet basis) of such Real Property.
Examples of Annual Capital Expenditure Adjustment in a sentence
The Annual Capital Expenditure Adjustment for any real property asset shall be an amount equal to, without duplication, the product of (i) $0.25 (in the case of office properties and the Empire State Building Observatory) or $0.15 (in the case of retail properties) multiplied by (ii) the aggregate net rentable area (determined on a square feet basis) of all such property.
More Definitions of Annual Capital Expenditure Adjustment
Annual Capital Expenditure Adjustment means, for any Property, an amount equal to the product of (i) $0.20 multiplied by (ii) the aggregate net rentable area (determined on a square feet basis) of such Property.
Annual Capital Expenditure Adjustment means for each Property, $50 per Site.
Annual Capital Expenditure Adjustment means, with respect to any Property as of any date, an amount equal to the product of
Annual Capital Expenditure Adjustment means (i) in the case of a Portfolio Property consisting of a Hotel Property, an office property or a retail property (x) if such Portfolio Property has been owned, or ground leased pursuant to an Eligible Ground Lease, by one or more Subsidiaries of the Company for at least four consecutive full fiscal quarters for which financial statements have been provided to the holders pursuant to Section 7.1(a) or (b), 4% of the average of the quarterly gross revenues from such Portfolio Property as set forth in the financial statements for the then most recently ended four consecutive fiscal quarter period of the REIT delivered to the holders pursuant to Section 7.1(a) or (b) and (y) if such Portfolio Property has not been owned, or ground leased pursuant to an Eligible Ground Lease, by one or more Subsidiaries of the Company for at least four consecutive full fiscal quarters for which financial statements have been provided to the holders pursuant to Section 7.1(a) or (b), 4% of the average of the quarterly gross revenues from such Portfolio Property for the period consisting of all of the full fiscal quarters of the REIT commencing after the date such Portfolio Property was acquired (or after an Eligible Ground Lease is entered into with respect to such Portfolio Property, if applicable) by a Subsidiary of the Company for which financial statements have been provided to the holders pursuant to Section 7.1(a) or (b), and (ii) in the case of any Portfolio Property consisting of a residential property, an amount equal to $125 multiplied by the number of units in such residential property. For purposes of clause (i)(y) of this definition, in the case of any Portfolio Property consisting of a Portfolio Property that is owned, or ground leased pursuant to an Eligible Ground Lease, by one or more Subsidiaries of the Company for at least one full fiscal month of the REIT but less than one full fiscal quarter for which financial statements have been provided to the holders pursuant to Section 7.1(a) or (b), the Annual Capital Expenditure Adjustment for such Portfolio Property shall equal (x) if such Portfolio Property is owned, or ground leased pursuant to an Eligible Ground Lease, for less than two full fiscal months of the REIT, the Annual Capital Expenditure Adjustment that would apply to such Portfolio Property if calculated in accordance with the applicable clause of this definition above (but for only the then most recently ended one fiscal month period of the REIT...
Annual Capital Expenditure Adjustment means an amount equal to (a) the aggregate square footage of all Unencumbered Properties multiplied by (b) $0.50.
Annual Capital Expenditure Adjustment means, for any Property, an amount equal to the greater of (a) (i) for office Properties, an amount equal to the product of (A) $0.25 multiplied by (B) the aggregate net rentable area (determined on a square feet basis) of such Property, (ii) for retail Properties, an amount equal to the product of (A) $0.20 multiplied by (B) the aggregate net rentable area (determined on a square feet basis) of such Property, (iii) for industrial and life-science Properties, an amount equal to the product of (A) $0.10 multiplied by (B) the aggregate net rentable area (determined on a square feet basis) of such Property, and (iv) for residential multi-family Properties, an amount equal to $250 per unit and (b) actual capital expenditures made in respect of such Property during the most recently ended four (4) fiscal quarters; provided, for any Property to which more than one of the categories above applies, the calculation pursuant to clause (a) above shall apply the square footage rates above on the basis of the square footage of such Property allocated to each such use; provided, further, to the extent any such Property has been owned by a member of the Consolidated Group or an Unconsolidated Affiliate for fewer than four (4) complete fiscal quarters, the amount contemplated by clause (b) above shall be deemed to be the amount budgeted by the Consolidated Group or the applicable Unconsolidated Affiliate, as applicable, for capital expenditures with respect to such Property for the first year of ownership of such Property without regard to actual capital expenditures made in respect of such Property.
Annual Capital Expenditure Adjustment means, for any retail Property, an amount equal to the product of (a) $0.15 multiplied by (b) the aggregate net rentable area (determined on a square feet basis) of all such Properties. “Anti-Money Laundering Laws” has the meaning set forth in Section 6.21. “Applicable Percentage” means with respect to any Lender at any time, (a) with respect to such Lender’s portion of the outstanding Term Loan A-1, the percentage of the outstanding principal amount of the Term Loan A-1 held by such Lender at such time and (b) with respect to such Xxxxxx’s portion of the outstanding amount of any Incremental Term Loan, the percentage of the outstanding principal amount of such Incremental Term Loan held by such Lender at such time. The initial Applicable Percentage of each Lender in respect of the Term Loan A-1 is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption or other agreement pursuant to which such Lender becomes a party hereto, as applicable. “Applicable Rate” means the applicable rate per annum set forth in the table below notwithstanding any failure of the Parent Entity to maintain an Investment Grade Rating or any failure of the Parent Entity to maintain a Debt Rating. Pricing Level Debt Rating of Parent Entity Applicable Rate for Term SOFR Rate Loans/Daily Simple SOFR Rate Loans Applicable Rate for Base Rate Loans 1 > A-/ A-/A3 0.85% 0.00% 2 < A-/ A-/A3 > BBB+ / BBB+ Baa1 0.90% 0.00% 3 < BBB+ / BBB+ Baa1 > BBB / BBB / Baa2 1.00% 0.00% 4 < BBB / BBB / Baa2 > BBB- / BBB- / Baa3 1.25% 0.25% 5 < BBB- / BBB- / Baa3 or unrated 1.65% 0.65% Each change in the Applicable Rate resulting from a change in the Debt Rating of the Parent Entity shall be effective for the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. Notwithstanding the above, (i) if at any time there are two ratings and there is a split in such Debt Ratings of the Parent Entity, and the Debt Ratings differ by one level, then the Pricing Level for the higher of such Debt Ratings shall apply (with the Debt