Applicable Cap Rate definition

Applicable Cap Rate means 8.5%.

Applicable Cap Rate means 6.25%.

Applicable Cap Rate means 10.25% for all Non-industrial Properties that are not multi-family Properties and 9.50% for all industrial and multi-family Properties.

Examples of Applicable Cap Rate in a sentence

• Applicable Cap Rate shall mean: 9.5% “12-month net operating income of the Contributed Asset” shall mean: (a) the Gross Revenue of the Property, minus (b) Operating Expenses for the Property, for the current trailing twelve (12)-month period.

• Not later than forty-five (45) days after Borrower requests the extension, Agent shall notify Borrower as to what the Applicable Cap Rate shall be during the extension period.

• In addition to the remedies under the Agreement, (1) any of the Tranche B that is not repaid before the maturity date for Tranche B as defined in the loan documents will be subject to a 1.75:1 offset at the time of conversion and (2) the Applicable Cap Rate shall increase to 8.75%.

• Total Property Income Capped at Applicable Cap Rate (Attach schedule noting Property Operating Income for the most recent quarter by Property as appropriately annualized; for Subsidiaries and Investment Affiliates include allocable share only).

• Applicable Cap Rate shall mean: 9.5% “12 month net operating income of the Contributed Asset” shall mean: (a) the Gross Revenue of the Property, minus (b) Operating Expenses for the Property, for the current trailing twelve (12)-month period.

More Definitions of Applicable Cap Rate

Applicable Cap Rate means 7.0%.

Applicable Cap Rate means 6.25%; provided that, if the Bank Credit Agreement (or, if at such time the Bank Credit Agreement does not exist, the Material Credit Facility with the highest percentage “capitalization rate”) provides for a “capitalization rate” that is higher or lower than 6.25%, then the “Applicable Cap Rate” shall be such higher or lower rate; provided, however, that in no event may the “Applicable Cap Rate” be less than 5.50%.

Applicable Cap Rate means 5.75%.

Applicable Cap Rate means 8.0%.

Applicable Cap Rate means: 9.5% “12 month net operating income of the Contributed Asset” shall mean: (a) the Gross Revenue of the Property, minus (b) Operating Expenses for the Property, for the current trailing twelve (12)-month period. “Gross Revenue” shall include the following amounts recorded in accordance with generally accepted accounting principles consistently applied:

Applicable Cap Rate means 11.5% initially, may be reviewed from time to time by the Lenders and shall be subject to adjustment by the Required Lenders in their sole discretion based upon market conditions for comparable property types. In no event shall the Applicable Cap Rate be adjusted more than one (1) time in any trailing twelve (12) month rolling period.

Applicable Cap Rate means 8.75% for all Properties; provided, however, that the Required Lenders shall have the right, at the end of any calendar year, to review and adjust, in their reasonable discretion, the Applicable Cap Rate, which change shall become effective immediately upon written notice by the Administrative Agent to the Borrower.