Unconsolidated Affiliate Interest means the percentage of the Equity Interests owned by a Consolidated Party in an Unconsolidated Affiliate accounted for pursuant to the equity method of accounting under GAAP.
Unconsolidated Affiliate Interest means, with respect to any Unconsolidated Affiliate at any time, the fraction expressed as a percentage, obtained by dividing (a) the total book value in accordance with GAAP (but determined without giving effect to any depreciation) of all Equity Interests in such Unconsolidated Affiliate held by the members of the Consolidated Group at such time by (b) the total book value in accordance with GAAP (but determined without giving effect to any depreciation) of all outstanding Equity Interests in such Unconsolidated Affiliate at such time.
Unconsolidated Affiliate Interest means, with respect to any Unconsolidated Affiliate, the aggregate ownership percentage of such member of the Consolidated Group in such Unconsolidated Affiliate, which shall be calculated as the greater of (a) such member of the Consolidated Group’s direct or indirect nominal capital ownership interest in such Unconsolidated Affiliate as set forth in such Unconsolidated Affiliate’s Organization Documents, and (b) such member of the Consolidated Group’s direct or indirect economic ownership interest in such Unconsolidated Affiliate reflecting such member of the Consolidated Group’s current allocable share of income and expenses of such Unconsolidated Affiliate.
More Definitions of Unconsolidated Affiliate Interest
Unconsolidated Affiliate Interest for a period means the Company's interest in the net income or loss of unconsolidated affiliates for such period as determined in accordance with the equity method of accounting under GAAP and the Company's accounting policies applied on a consistent basis.
Unconsolidated Affiliate Interest means, with respect to any Unconsolidated Affiliate of the Borrower and its Subsidiaries, the percentage of the Capital Stock or other equity interests in such Unconsolidated Affiliate owned by any Consolidated Party; provided, however, that in calculating the “Unconsolidated Affiliate Interest” held with respect to any liabilities or Indebtedness of an Unconsolidated Affiliate, such percentage shall be the greater of (a) the percentage calculated pursuant to the foregoing provisions of this definition and (b) the percentage amount of such liabilities and/or Indebtedness which is recourse to any Consolidated Party holding interests in such Unconsolidated Affiliate (in each case without duplication of amounts already included in the applicable calculation).
Unconsolidated Affiliate Interest means, with respect to any Unconsolidated Affiliate, the percentage of the Capital Stock or other equity interests in such Unconsolidated Affiliate owned by any of the USRP REIT, the General Partner, the Borrower or any of their Subsidiaries; provided, however, that in calculating the “Unconsolidated Affiliate Interest” held with respect to any liabilities or Indebtedness of an Unconsolidated Affiliate, such percentage shall be the greater of (a) the percentage calculated pursuant to the foregoing provisions of this definition and (b) the percentage amount of such liabilities and/or Indebtedness which is recourse to any Consolidated Party holding interests in such Unconsolidated Affiliate (in each case without duplication of amounts already included in the applicable calculation).”
Unconsolidated Affiliate Interest means, with respect to any Unconsolidated Affiliate, the aggregate ownership percentage of such member of theConsolidated Group in such Unconsolidated Affiliate, which shall be calculated as the greater of (a) such member of the Consolidated Group’s direct or indirect nominal capital ownership interest in such Unconsolidated Affiliate as set forth in such Unconsolidated Affiliate’s Organization Documents, and (b) such member of the Consolidated Group’s direct or indirect economic ownership interest in such Unconsolidated Affiliate reflecting such member of the Consolidated Group’s current allocable share of income and expenses of such Unconsolidated Affiliate.
Unconsolidated Affiliate Interest means the percentage of the Capital Stock owned by a Consolidated Party in an Unconsolidated Affiliate accountedfor pursuant to the equity method of accounting under GAAP.
Unconsolidated Affiliate Interest means, with respect to any Unconsolidated Affiliate at any time, the fraction expressed as a percentage, obtained by dividing
Unconsolidated Affiliate Interest means, with respect to any Unconsolidated Affiliate, the aggregate ownership percentage of such member of the Consolidated Group in such Unconsolidated Affiliate, which shall be calculated as the greater of (a) such member of the Consolidated Group’s direct or indirect nominal capital ownership interest in such Unconsolidated Affiliate as set forth in such Unconsolidated Affiliate’s Organization Documents, and (b) such member of the Consolidated Group’s direct or indirect economic ownership interest in such Unconsolidated Affiliate reflecting such member of the Consolidated Group’s current allocable share of income and expenses of such Unconsolidated Affiliate. “Unencumbered Asset Value” means, at any time for the Consolidated Group, without duplication, the sum of the Appraised Value of the Unencumbered Properties owned or leased (as ground lessee) as of such date by the Consolidated Group; provided that if an Unencumbered Property was acquired within the prior three-month period and a Periodic Valuation has not been received, then Unencumbered Asset Value attributable to such Unencumbered Property shall be the Approved Cost of such Unencumbered Property. “Unencumbered NOI” means, at any time for the Consolidated Group, the sum of the Net Operating Income of all Unencumbered Properties for, (a) in the case of any Unencumbered Property that is owned for at least four fiscal quarters, the Net Operating Income from such Unencumbered Property for the then most recently ended Calculation Period minus the Annual Capital Expenditure Adjustment with respect to such Unencumbered Property, plus (b) in the case of any Unencumbered Property that is owned for less than four fiscal quarters, but at least one full fiscal quarter, the Net Operating Income from such Unencumbered Property for the then most recently ended fiscal quarter multiplied by four minus the Annual Capital Expenditure Adjustment with respect to such Unencumbered Property plus (c) in the case of any Unencumbered Property that is owned for less than one full fiscal quarter, pro forma annualized Net Operating Income for such Unencumbered Property, as projected by Xxxxxxxx and approved by Administrative Agent. For the avoidance of doubt, (i) the Net Operating Income of an Unencumbered Property that is sold within the fiscal quarter will be excluded in calculating Unencumbered NOI, and