Applicable Capitalization Rate means, with respect to any Real Property of a type set forth below, the percentage set forth below for such type of Real Property: LA Downtown Office Real Property: 6.0% Other Office Real Property: 7.0% Retail Real Property: 7.0% Hotel Real Property: 9.0%
Applicable Capitalization Rate means, for any Real Property, 8.65%, or such rate(s) as the Lender, taking into consideration such factors as the location or type of such Real Property, may establish on a prospective basis from time to time (but no more often than once in any calendar year) as the applicable capitalization rate for such Real Property.
Applicable Capitalization Rate means (a) 7.25% for Upscale, Upper-Upscale or Luxury (as defined by Xxxxx Travel Research or any successor thereto or substitute therefor reasonably acceptable to the Administrative Agent) Hotel Properties located in downtown or central business district locations in Boston, Chicago, Manhattan, San Francisco and Washington, DC and (b) 8.00% for all other Hotel Properties.
Examples of Applicable Capitalization Rate in a sentence
Must operate a motor vehicle in a safe manner and in compliance with all Utah laws and regulations.
For any Real Estate as of any date of determination, an amount equal to (a) the Adjusted Net Operating Income for such Real Estate for the four (4) fiscal quarters most recently ended, divided by (b) the Applicable Capitalization Rate.
For assets which are used primarily for industrial purposes, six and three-quarters percent (6.75%) (provided, however, that for any such industrial assets occupied entirely by Investment Grade Tenants, the Applicable Capitalization Rate shall be six and one half percent (6.5%)), and for all other assets, seven and one-half percent (7.5%).
For any Real Estate as of any date of determination, an amount equal to (a) the Adjusted Net Operating Income for such Real Estate divided by (b) the Applicable Capitalization Rate.
More Definitions of Applicable Capitalization Rate
Applicable Capitalization Rate shall have the meaning ascribed to such term in the Primary Credit Facility from time to time, and, if for any reason no Primary Credit Facility then exists or such term is no longer used therein, the Applicable Capitalization Rate most recently in effect. Notwithstanding the foregoing, in no event shall the “Applicable Capitalization Rate” applied under and pursuant to this Agreement at any time be 0.75% less than the related Applicable Capitalization Rate applied under and pursuant to the Primary Credit Facility as of the date hereof (i.e., in no event shall the Applicable Capitalization Rate for a Hotel Property be less than 7.00%).
Applicable Capitalization Rate means, (i) in the case of any Portfolio Property consisting of a traditional multi-family property (which, for example, shall include a multi-family apartment, duplex or condo complex), 6.00%, (ii) in the case of any Portfolio Property consisting of a non-traditional multi-family property (which, for example, shall include a recreational vehicle (RV) park), 7.00%, (iii) in the case of any Portfolio Property consisting of a retail property,6.50%, (iv) in the case of any Portfolio Property consisting of an office property, 6.00% and (v) in the case of a Hotel Property, 7.75%, in each case as such percentage may be increased by the Required Lenders pursuant to Section 2.14(c) in connection with an extension of the Maturity Date of the Revolving Credit Facility.
Applicable Capitalization Rate means, (i) in the case of any Portfolio Property consisting of a traditional multi-family property (which, for example, shall include a multi-family apartment, duplex or condo complex), 5.75%, (ii) in the case of any Portfolio Property consisting of a non-traditional multi-family property (which, for example, shall include a recreational vehicle (RV) park), 7.00%, (iii) in the case of any Portfolio Property consisting of a retail property, 6.25%, (iv) in the case of any Portfolio Property consisting of an office property, 6.00% and (v) in the case of a Hotel Property, 7.50%, in each case as such percentage may be increased by the Required Lenders pursuant to Section 2.14(c) in connection with an extension of the Maturity Date of the Revolving Credit Facility.
Applicable Capitalization Rate means (i) (a) six and one quarter percent (6.25%) for CBD Office Properties and (b) seven percent (7.00%) for non-CBD Office Properties, (ii) six percent (6.00%) for multi-family properties, and (iii) seven and one half percent (7.50%) for retail properties, in each case, for Income Producing Assets; provided that, in order for any Income Producing Assets to be included in calculations under this Agreement which are not office assets, retail assets or apartment assets, such Income Producing Assets must be approved for inclusion by the Administrative Agent.
Applicable Capitalization Rate means 6.00%.
Applicable Capitalization Rate means (i) 6.00% for office properties, (ii) 5.75% for multi-family properties, and (iii) 7.00% for retail properties, in each case, for Income Producing Assets; provided that, in order for any Income Producing Assets to be included in calculations under this Agreement which are not office assets, retail assets or apartment assets, such Income Producing Assets must be approved for inclusion by the Administrative Agent.
Applicable Capitalization Rate. The capitalization rate set forth below with respect to the type of asset described below: MOB – eight percent (8%) ASC, LTAC and Rehabs – ten percent (10%) SNF – ten percent (10%) ILFs and ALFs – eight percent (8%)