NOI Growth definition

NOI Growth means, for any calendar year, the percentage change in property NOI, in the aggregate, over the prior year’s property NOI, in the aggregate, for the Same-Store Properties in the ACI. NOI Growth may be positive or negative.
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Examples of NOI Growth in a sentence

  • As soon as reasonably practicable following the completion of the Performance Period, the Administrator shall determine the Same Store Cash NOI, Annual Same Store Cash NOI Growth, Same Store Cash NOI Growth, the Performance Vesting Percentage, the number of Class D Units granted hereby that have become Performance Vested Base Units, the number of Distribution Equivalent Units and the number of Performance Vested Units, in each case as of the completion of the Performance Period.

  • For example, if the percentages are 0.7%, 1.1% and 4.5% for the foregoing three periods, then the Average Same Store Cash NOI Growth Percentage will be 2.10%.

  • As soon as reasonably practicable following the completion of the Performance Period, the Administrator shall determine the Same Store Cash NOI, Annual Same Store Cash NOI Growth, Same Store Cash NOI Growth, the Performance Vesting Percentage and the number of RSUs granted hereby that have become Performance Vested RSUs as of the completion of the Performance Period.

  • If Average 3-Year Same Store NOI Growth is above Maximum Performance, 150% of the Target Award shall vest and if Average 3-Year Same Store NOI Growth is below Threshold Performance, 0% percent of the Target Award shall vest.

  • Each Lease Year, the parties will determine, in accordance with the provisions of this paragraph, whether the budgeted NOI Growth was greater than or less than the actual NOI Growth for the Lease Year just ending, and whether, as a consequence, the adjustment in Base Rent made at the commencement of the subject Lease Year was over- or under-stated.

  • Landlord shall provide written notice to Tenant of such budgeted NOI Growth for the upcoming Lease Year and such new Base Rent amount, together with supporting documentation thereof, at least thirty (30) days prior to January 1 of the Lease Year at issue.

  • Landlord shall cause such budgeting of NOI Growth to be done in good faith and in the ordinary course of ASOT’s budgeting practices.

  • On each Base Rent Adjustment Date, the Base Rent payable under Section 4.1 shall be adjusted as follows: On each Base Rent Adjustment Date, the Base Rent for the next Lease Year shall be adjusted to equal the Base Rent for the prior twelve (12) month period plus or minus the product of such Base Rent and the NOI Growth budgeted by ASOT for the upcoming Lease Year.

  • Subject to the Participant’s Continuous Service through the applicable vesting date (except as otherwise provided below), the Participant shall become vested in a percentage of the Deferred Stock Units shown below based upon the level of achievement of Average 3-Year Same Store NOI Growth and the following vesting schedule: Performance will be measured over a three-year performance period commencing on January 1, 20[ ] and ending on December 31, 20[ ] (the “Performance Period”).

  • After the conclusion of each Lease Year, Landlord shall determine the actual NOI Growth for such Lease Year.