Capitalized Value definition

Capitalized Value means, as of any date, Annualized EBITDA divided by the Capitalization Rate.

Capitalized Value means (a) in the case of any Asset other than a Leased Asset, the Adjusted Net Operating Income of such Asset divided by 6.50%, and (b) in the case of any Leased Asset other than a Short-Term Leased Asset, the Adjusted Net Operating Income of such Asset divided by 8.75%.

Capitalized Value means, for any Real Estate Asset as of any date of determination, an amount equal to (a) the Net Operating Income for such Real Estate Asset divided by (b) the Capitalization Rate.

Examples of Capitalized Value in a sentence

• The calculation of Consolidated Capitalized Value shall be adjusted as set forth in §10.13 hereof.

• The aggregate of (a) .60 multiplied by the Capitalized Value of the Unencumbered Asset Pool (excluding the Leased Assets), plus (b) the Leased Asset NOI Amount.

• In addition to the foregoing limitations, the aggregate value of the items subject to the limitations in the preceding clauses (a) through (e) shall not exceed 40.0% of Capitalized Value at any time, and clauses (b) through (e) shall not exceed 20.0% of Capitalized Value at any time.

• The ratio (the “Leverage”) of (i) Total Indebtedness to (ii) Capitalized Value, to exceed 0.60 to 1.00 at any time.

• The aggregate Borrowing Base Capitalized Value Limit for all Borrowing Base Assets shall be the sum of such calculations for all of the Borrowing Base Assets.

More Definitions of Capitalized Value

Capitalized Value means the Adjusted Net Operating Income for any Stabilized Property divided by the Capitalization Rate.

Capitalized Value means, in the case of any Hotel Asset, the Adjusted Net Operating Income of such Hotel Asset divided by (a) 7.25% for (x) Hotel Assets that are located in the Xxx Xxxx Xxxx XXX xxxx, xxx Xxxxxx XXX area (which, for the avoidance of doubt, includes Cambridge, MA), the Washington D.C. CBD area or South Beach, Miami, FL and (y) the Hotel Asset known as the Parrot Key Hotel located in Key West, FL and listed on Schedule II and (b) 8.00% for all other Hotel Assets.

Capitalized Value means, in relation to a retirement benefit or indexable benefit or part of a retirement benefit or indexable benefit, its actuarial present value determined, at the date of the calculation, in accordance with

Capitalized Value means at any time and with respect to any Borrowing Base Property, the Borrowing Base NOI minus the Annual Capital Expenditure Adjustment but calculated exclusively with respect to such Borrowing Base Property divided by the Capitalization Rate.

Capitalized Value means, as of any date:

Capitalized Value has the meaning provided in the definition of Total Real Estate Value.

Capitalized Value means the sum of all of the following of the Trust and its Subsidiaries on a consolidated basis determined in accordance with GAAP applied on a consistent basis: (a) cash and Cash Equivalents, plus (b) (i) Adjusted EBITDA for the two most recent quarters multiplied by (ii) 2 divided by (iii) the Capitalization Rate, plus (c) the GAAP book value of Properties acquired during the two most recent quarters, plus (d) Construction-in-Process until the Property is substantially complete which in no case will go beyond 18 months from commencement, plus (e) the GAAP book value of Unimproved Land, mortgages and notes. Borrowers’ pro rata share of Unconsolidated Affiliates will be included in calculations of Capitalized Value consistent with the above treatment for wholly owned assets. For purposes of determining Capitalized Value, EBITDA attributable to assets described in any of the immediately preceding clauses (c) through (e) shall be excluded from Adjusted EBITDA.