Real Estate Revenues means, with respect to (i) any Real Estate Asset owned as of April 17, 2002 and which continues to be owned as of the relevant date of determination by Ventas, Inc. or any of its Restricted Subsidiaries and (ii) Reacquired Qualified CMBS Real Estate Assets, in each case, the rental revenues generated by such Real Estate Asset during the quarter ending September 30, 2004, annualized by multiplying such revenues by four, all as set forth on Schedule I attached hereto.
Real Estate Revenues means, with respect to any Real Estate Asset of the Parent and its Subsidiaries owned as of the closing of the Separation and the REIT Conversion Merger, the annualized cash rental revenues generated by such Real Estate Asset during the three months ended March 31, 2013.
Real Estate Revenues means, with respect to any Real Estate Asset of the Company and its Restricted Subsidiaries owned as of the Issue Date, rental revenues (including, for the avoidance of doubt, earned income from direct financing leases) generated by such Real Estate Assets during the most recently completed four fiscal quarters preceding the applicable determination date; provided that such rental revenues shall (x) exclude the non-cash portion of “straight-line” rental income, (y) include the cash received which exceeds the amount recognized in respect of “straight-line” rental income, and (z) exclude direct financing lease adjustments; provided further that (i) prior to the date on which financial statements have been furnished pursuant to Section 4.02 for the first full fiscal quarter beginning and ending following the date of this Indenture, Real Estate Revenues shall be $465.0 million; and (ii) following the date on which financial statements have been furnished pursuant to Section 4.02 for the first full fiscal quarter beginning and ending following the date of this Indenture and prior to the time that financial statements have been furnished pursuant to Section 4.02 for four full fiscal quarters beginning and ending following the date of this Indenture, Real Estate Revenues shall be annualized based upon Real Estate Revenues for the preceding full fiscal quarter or quarters beginning and ending following the date of this Indenture for which financial statements have been furnished pursuant to Section 4.02 (e.g. following the date on which financial statements have been furnished pursuant to Section 4.02 for the third full fiscal quarter beginning and ending following the date of this Indenture, Real Estate Revenues for the four full fiscal quarters shall be computed by dividing Real Estate Revenues for the three full fiscal quarters by 0.75).
Examples of Real Estate Revenues in a sentence
In no event will the Company be required to pay the LTP Bonuses unless the Company, acting in its good faith discretion, determines that the XxxxXxxxxx.xxx Businesses are in good condition and that operating decisions made to achieve the Real Estate Revenues and Real Estate OIBA targets set forth in this section (the “LTP Targets”) were accomplished in the ordinary course of business and did not jeopardize the long-term health of the business.
Within 60 days following the end of the 2009 fiscal year, the Company shall prepare and deliver to Executive a statement of Real Estate Revenues and Real Estate OIBA for such year.
Budget and Management Control – Real Estate Revenues from sales and office developments.
Minnesota’s Golf Real Estate Revenues in 2006 ($ millions)Golf-Related Residential Construction$105.6Realized Golf Premium$71.4TOTAL$177.0Note: The sale of existing homes is considered a transfer of assets rather than new economic output, so the golf premium that is realized in the sale of an existing home is not included in the economic impact analysis.
Michigan’s Golf Real Estate Revenues in 2006 ($ millions)Golf-Related Residential Construction$102.1Realized Golf Premium$96.1TOTAL$198.2Note: The sale of existing homes is considered a transfer of assets rather than new economic output, so the golf premium that is realized in the sale of an existing home is not included in the economic impact analysis.
More Definitions of Real Estate Revenues
Real Estate Revenues means, with respect to any Real Estate Asset of Ventas, Inc. and its Restricted Subsidiaries owned as of the date of the Indenture, the rental revenues generated by such Real Estate Asset for Ventas, Inc. during the four-quarter period ending March 31, 2002, all as set forth on Schedule I attached hereto.
Real Estate Revenues means, with respect to any Real Estate Asset of Parent and its Restricted Subsidiaries owned as of the Spin-Off Effective Date, the rental revenues generated by such Real Estate Assets during the most recently completed four fiscal quarters preceding the applicable determination date.
Real Estate Revenues means the revenues of the XxxxXxxxxx.xxx Businesses as calculated by the Company in accordance with its ordinary business practices. “Real Estate OIBA” means Operating Income Before Amortization (as defined in the Company’s public earnings releases from time to time and as calculated by the Company in accordance with its ordinary business practices) of the XxxxXxxxxx.xxx Businesses. Within 60 days following the end of the 2009 fiscal year, the Company shall prepare and deliver to Executive a statement of Real Estate Revenues and Real Estate OIBA for such year. Executive shall have ten days after delivery of such schedule to review and comment on such schedule, after which the Company shall have ten days to finalize such schedule, which final schedule shall be prepared in the reasonable discretion of the Company acting in good faith. The Company shall pay the amount of the bonus reflected in such schedule within 75 days after the end of the 2009 fiscal year. The Company shall afford the Executive reasonable access to the books and records of the Real Estate Business to the extent that such books and records reasonably relate to the computation of the Real Estate Revenue and Real Estate OIBA for fiscal year 2009; provided, however, that the Executive acknowledges and agrees that all such books and records are confidential information of the Company and are delivered to the Executive subject to his obligation to maintain the confidentiality of such materials provided in Section 2 of the Standard Terms and Conditions attached to this Agreement.
Real Estate Revenues means, with respect to any Real Estate Asset of Parent and its Restricted Subsidiaries owned as of the Issue Date, (1) at any time before internal financial statements are available for the quarter ended June 30, 2015, the pro forma rental revenues generated by such Real Estate Asset during the four fiscal quarters ending March 31, 2014 assuming such Real Estate Asset had been held by Parent or any Restricted Subsidiary during such period and the Master Leases had been in effect during all of such period, all as set forth on Schedule A attached to this Indenture prepared substantially consistent with the pro forma income statement included in the Offering Memorandum and (2) at any time after internal financial statements are available for the quarter ended June 30, 2015, the rental revenues generated by such Real Estate Assets during the most recently completed four fiscal quarters preceding the applicable determination date.
Real Estate Revenues means, with respect to any Real Estate Asset of Borrower and its Subsidiaries owned as of the Closing Date, rental revenues (including, for the avoidance of doubt, earned income from direct financing leases) generated by such Real Estate Assets during the most recently completed four fiscal quarters preceding the applicable determination date; provided that such rental revenues shall (x) exclude the non-cash portion of “straight-line” rental income, (y) include the cash received which exceeds the amount recognized in respect of “straight-line” rental income, and (z) exclude direct financing lease adjustments; provided further, that (i) prior to the date on which financial statements have been furnished to Lenders pursuant to Section 5.04 for the first full fiscal quarter beginning and ending following the Closing Date, Real Estate Revenues shall be $465.0 million; and (ii) following the date on which financial statements have been furnished to Lenders pursuant to Section 5.04 for a full fiscal quarter beginning and ending following the Closing Date and prior to the time that financial statements have been furnished to Lenders pursuant to Section 5.04 for four full fiscal quarters beginning and ending following the Closing Date, Real Estate Revenues shall be annualized based upon the Real Estate Revenues for the most recently ended full fiscal quarter or quarters following the Closing Date, as the case may be, for which financial statements have been furnished to Lenders pursuant to Section 5.04 (e.g. following the date on which financial statements for the third full fiscal quarter following the Closing Date have been delivered to Lenders pursuant to Section 5.04, Real Estate Revenues for the four full fiscal quarters shall be computed by dividing Real Estate Revenues for the three full fiscal quarters by 0.75).
Real Estate Revenues means, with respect to any Real Estate Asset of Parent and its Restricted Subsidiaries owned as of December 31, 2010, the annualized rental revenues for such Real Estate Asset, calculated based on the monthly rental revenue for such Real Estate Asset as of December 31, 2010 and assuming such Real Estate Asset had been held by the Parent and its Restricted Subsidiaries during the four-quarter period ended December 31, 2010, all as set forth on Schedule A attached hereto.
Real Estate Revenues means, with respect to any Real Estate Asset of Parent and its Subsidiaries owned as of the closing of the Separation and the REIT Conversion Merger, the annualized cash rental revenues generated by such Real Estate Asset during the three months ended March 31, 2013.