FFO Distribution Allowance means, for any fiscal year of the Consolidated Parties, an amount equal to ninety-five percent (95%) of Funds From Operations for such fiscal year.
FFO Distribution Allowance means, for any fiscal year of the Consolidated Parties, an amount equal to ninety-five percent (95%) of Funds From Operations for such period.
FFO Distribution Allowance means, commencing as of March 31, 2004, and for each fiscal quarter ending thereafter, an amount equal to ninety percent (90.0%) of FFO for such quarter, plus an amount equal to ninety percent (90.0%) of FFO for the three (3) fiscal quarters ending immediately prior to such fiscal quarter and not otherwise distributed prior to commencement of such quarter.
Examples of FFO Distribution Allowance in a sentence
The Consolidated Parties may declare or make cash distributions to their shareholders (excluding any shareholders which are Consolidated Parties) during any given fiscal quarter in an aggregate amount not to exceed the greater of (A) the FFO Distribution Allowance for such fiscal quarter or (B) so long as no Default or Event of Default has occurred and is then continuing, the amount necessary to maintain the status of USV as a REIT.
More Definitions of FFO Distribution Allowance
FFO Distribution Allowance means, for any fiscal year of the Consolidated Parties, an amount equal to Borrower’s good faith estimate of 95% of its projected Funds From Operations of the Consolidated Parties for such fiscal year.
FFO Distribution Allowance means, for the REIT, for calendar year, 95% of the greater of: (i) the sum of Modified Fund From Operations as reasonably determined by the REIT in good faith and as reasonably acceptable to the Lender plus Qualified Gains; and (ii) Taxable REIT Income.
FFO Distribution Allowance. “Florida Equity Interests,” “Funds from Operations” and “Xxxxxxx Florida 4” in Schedule B of the Note Purchase Agreement shall be and are hereby deleted in their entirety. Section 1.11. Exhibit 9.1(c)-1 (Form of Compliance Certificate) to the Note Purchase Agreement shall be and is hereby amended by deleting the reference to “FFO Distribution Allowance” in paragraph 4 thereof. SECTION 2.
FFO Distribution Allowance in paragraph 4 thereof. SECTION 2.
FFO Distribution Allowance means, for any four (4) calendar quarter period of the Consolidated Parties ending (a) prior to September 30, 2014, an unlimited amount, and (b) on or after September 30, 2014 and prior to September 30, 2015, an amount equal to 100% of FFO for such period, and (c) on or after September 30, 2015, an amount equal to 95% of FFO for such period.
FFO Distribution Allowance means (a) prior to March 31, 2016, an unlimited amount, (b) as of the end of any Fiscal Quarter on or after March 31, 2016 and prior to December 31, 2016, an amount equal to 100% of Funds From Operations for the period commencing January 1, 2016 through such Fiscal Quarter end, and (c) for any four (4) Fiscal Quarter period of the Consolidated Parties ending as of the end of any Fiscal Quarter on or after December 31, 2016, an amount equal to 95% of Funds From Operations for such four (4) Fiscal Quarter period.
FFO Distribution Allowance means, for the rolling twelve month period ending September 30, 2001 and each rolling twelve month period thereafter (measured quarterly), an amount equal to 95% of FFO for such quarter, plus an amount equal to 95% of FFO for the three fiscal quarters ending immediately prior to such fiscal quarter and not otherwise distributed prior to commencement of such quarter ; and