Weighted Average Remaining Lease Term definition

Weighted Average Remaining Lease Term means the average remaining lease term for the Borrowing Base Properties, including both soft and firm term, and including option or extension periods only to the extent they have been validly exercised, with the lease term for each Borrowing Base Property weighted by the Borrowing Base Adjusted NOI attributable to such Borrowing Base Property. For any Borrowing Base Property with more than one tenant Lease on such property, the allocation of Borrowing Base Adjusted NOI associated with each such Lease shall be made at the time such Borrowing Base Property is added to the calculation of Borrowing Base Availability and calculated based on the percentage of aggregate annual rental revenue of each tenant.
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Weighted Average Remaining Lease Term means the period of time calculated as the weighted average of the Remaining Lease Term of Leases on all of the Borrowing Base Assets weighted on the basis of the Appraised Value of each such Borrowing Base Asset.
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Weighted Average Remaining Lease Term means the average remaining Lease term for Leases at non-multifamily Collateral Pool Properties, including option or extension periods only to the extent validly exercised, with the term for each Lease weighted based upon the rental revenue attributable to such Lease for the immediately preceding Measurement Period and the average rental revenue associated with all Leases at non-multifamily Collateral Pool Properties. By way of example and clarification only, immediately below is a chart calculating the Weighted Average Remaining Lease Term for two hypothetical leases, “A” and “B” (where “Rev” means the rental revenue derived from such Lease during the relevant Measurement Period): Property Lease Term Remaining Lease Rev Average Rev of All Leases at non- multifamily Collateral Pool Properties Ratio of Lease Rev to Average Rev Adjusted Lease Term (Lease Term x Ratio to Average Rev) Total Adjusted Term (sum of Adjusted Lease Terms) XXXX (Sum of Adjusted Lease Term divided by Number of Leases) A 8 years $900,000 $1,000,000 0.9 7.2 18.2 9.1 B 10 years $1,100,000 $1,000,000 1.1 11
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Examples of Weighted Average Remaining Lease Term in a sentence

  • PORTFOLIO HIGHLIGHTS Portfolio Overview Q1’22 Q1’21 Properties 309 306 Square Feet (millions) 39.3 37.2 Tenants 137 130 Industries 50 48 Countries and Territories 11 10 Leased 98.7% 99.7% Weighted Average Remaining Lease Term (1) 8.4 years 8.3 years % of SLR derived from Investment Grade Tenants (2)(3) 61.9% 66.3% % of leases with contractual rent increases (4) 94.4% 93.9% Metrics for Q1’22 as of March 31, 2022 and as of March 31, 2021 for Q1’21.

  • PORTFOLIO HIGHLIGHTS Properties 333 Square Feet (millions) 25.0 Tenants 104 Industries 41 Countries 7 Leased 99.5% Weighted Average Remaining Lease Term (1) 8.5 years % of SLR derived from Investment Grade Tenants (2)(3) 79.1% % of leases with contractual rent increases (4) 91% Portfolio Overview As of June 30 , 2018 unless otherwise noted.

  • PORTFOLIO HIGHLIGHTS Properties 321 Square Feet (millions) 22.9 Tenants 100 Industries 41 Countries 7 Leased 99.5% Weighted Average Remaining Lease Term (1) 8.8 years % of SLR derived from Investment Grade Tenants (2)(3) 76.1% % of leases with contractual rent increases (3)(4) 92.8% Portfolio Overview As of December 31, 2017.

  • The following table sets forth information regarding the ten largest customers in the portfolio based on annualized rent as of March 31, 2014: Principal Customer Industry Number of Locations Annualized Rent (1) % of Portfolio Annualized Rent Weighted Average Remaining Lease Term (Months) (2) (1) Annualized rent is presented for leases commenced as of March 31, 2014.

  • PORTFOLIO HIGHLIGHTS Properties 313 Square Feet (millions) 22.3 Tenants 95 Industries 40 Countries 7 Leased 99.4% Weighted Average Remaining Lease Term (1) 9.1 years % of SLR derived from Investment Grade Tenants (2)(3) 75.8% % of leases with contractual rent increases (3)(4) 94% Portfolio Overview As of September 30, 2017.

  • FOURTH QUARTER 2022 PORTFOLIO HIGHLIGHTS Portfolio Overview Q4’22 Properties 309 Square Feet (millions) 39.2 Tenants 138 Industries 51 Countries and Territories 11 Leased 98.0% Weighted Average Remaining Lease Term (1) 8.0 years % of SLR derived from Investment Grade Tenants (2)(3) 60.5% % of leases with contractual rent increases (4) 94.5% Metrics as of December 31, 2022.

  • MA Purchase Price $6.7 million Square Feet 57,600 Weighted Average Remaining Lease Term (2) (years) 20.0 Tenant • MMG is a middle - market precision metalworks manufacture that offers a full range of services including process engineering, machining, fabrication, powder coating and assembly • MMG was founded in 1982 and is headquarters in St. Johnsbury, VT • Over the past seven years, MMG has grown through acquisitions, increasing the company’s production capabilities and expanding its customer base.

  • Portfolio Overview Q4’23 Properties 1,296 Square Feet (millions) 66.8 % Leased 96% Weighted Average Remaining Lease Term (“WALT”)(1) 6.8 years % of SLR Derived from United States & Canada vs.

  • FIRST QUARTER 2023 PORTFOLIO HIGHLIGHTS Portfolio Overview Q1’23 Properties 317 Square Feet (millions) 39.6 Tenants 140 Industries 52 Countries and Territories 11 Leased 98.0% Weighted Average Remaining Lease Term (1) 7.8 years % of SLR derived from Investment Grade Tenants (2)(3) 59.6% % of leases with contractual rent increases (4) 95.0% Metrics as of March 31, 2023.

  • Channel Islands Purchase Price $76.5 million (1) Square Feet 113,713 Weighted Average Remaining Lease Term (2) (years) 9.6 Tenants • Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions that provides investment and asset management services for institutions and high net worth individuals.


More Definitions of Weighted Average Remaining Lease Term

Weighted Average Remaining Lease Term means, as of any date of determination, the quotient of (a) the sum of each Weighted Average Remaining Lease Term Component for each Owned Asset subject to an Asset Lease divided by (b) the Appraised Value of all Owned Assets subject to an Asset Lease. “Weighted Average Remaining Lease Term Component” means, for any Owned Asset subject to an Asset Lease, the product of (a) such Owned Asset’s Appraised Value and (b) the Remaining Lease Term of the Asset Lease related to such Owned Asset expressed as a whole number, with any partial years rounded up or down (as applicable) to the nearest whole number. “Weighted Average Remaining Lease Term Event” means, as of any date of determination, the occurrence of the Weighted Average Remaining Lease Term for all Asset Leases being less than 12 months. “WLFC” means Xxxxxx Lease Finance Corporation. - 53 - “WLFC Change in Control” means (i) (a) any transaction or series of related transactions in which any Unrelated Person or two or more Unrelated Persons acting in concert acquire beneficial ownership (within the meaning of Rule 13d 3(a)(1) under the Securities Exchange Act of 1934, as amended), directly or indirectly, of more than 50% of the voting power of all of the outstanding capital stock of WLFC and (b) at any time during any consecutive two- year period, individuals who at the beginning of such period constituted the Board of Directors of WLFC (together with any new or replacement directors whose elections by the shareholders of WLFC was approved by a vote of 66-2/3% of the directors then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the Board of Directors of WLFC then in office; or (ii) WLFC consolidates with or merges into another Person or conveys, transfers or leases all or substantially all of its assets to any Person or any Person consolidates with or merges into WLFC, in either event pursuant to a transaction in which the ownership interests in WLFC are changed into or exchanged for cash, securities or other property, with the effect that any Unrelated Person acquires beneficial ownership, directly or indirectly, of more than 50% of the voting power of all the outstanding capital stock of WLFC or that the Persons who were the holders of the voting power of all the outstanding capital stock of WLFC immediately prior to the transaction hold less than 50% of th...
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Weighted Average Remaining Lease Term means, as of any date of determination, the result of (a) the sum for all Aircraft of (i) the Appraised Value for each Aircraft multiplied by (ii) the Remaining Lease Term of such Aircraft divided by (b) the aggregate Appraised Value of all Aircraft, as of such date.
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Weighted Average Remaining Lease Term means, as of any date of determination, the sum of the following for each Borrowing Base Property: (i) the number of years (rounded to the nearest 1/10th) remaining in the term of the Lease with respect to such Borrowing Base Property multiplied by (ii) the Adjusted NOI of such Borrowing Base Property used in calculation of the Borrowing Base NOI for the most recent fiscal quarter, annualized after giving effect to any applicable Concentration Limits divided by (iii) the Borrowing Base NOI for the most recently ended fiscal quarter, annualized.
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Related to Weighted Average Remaining Lease Term

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such date is equal to or greater than 5.00%.

  • Weighted Average Floating Spread As of any Measurement Date, the number obtained by dividing: (a) the amount equal to (A) the Aggregate Funded Spread plus (B) the Aggregate Unfunded Spread by (b) an amount equal to the lesser of (A) the Aggregate Principal Balance of all Floating Rate Obligations as of such Measurement Date and (B) either (x) with respect to the S&P CDO Monitor Test, the Aggregate Principal Balance of Floating Rate Obligations and (y) otherwise, the Reinvestment Target Par Balance minus the Aggregate Principal Balance of Fixed Rate Obligations; provided that if the foregoing amount is less than the S&P Minimum Weighted Average Floating Spread selected by the Collateral Manager in connection with the S&P CDO Monitor Test, then all or a portion of the Weighted Average Floating Spread Adjustment, if any, as of such date, to the extent not exceeding such shortfall, will be added to such result.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Weighted Average SOFR means the arithmetic mean of SOFR in effect for each Business Day during the relevant Interest Period, calculated by multiplying the relevant SOFR by the number of calendar days such SOFR is in effect, determining the sum of such products and dividing such sum by the number of calendar days in the relevant Interest Period, provided however that during a Suspension Period, the SOFR for each day during that Suspension Period will be the value for the Business Day immediately prior to the first day of such Suspension Period. For purposes of this provision “Suspension Period” is the number of Business Days prior to the end of the relevant Interest Period as specified in the applicable pricing supplement.

  • Weighted Average Interest Rates means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest:

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to seven (7.0) years.

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Weighted Average Yield means with respect to any Loan, on any date of determination, the weighted average yield to maturity, in each case, based on the interest rate applicable to such Loan on such date and giving effect to all upfront or similar fees or original issue discount payable with respect to such Loan.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Loans included in the Aggregate Net Collateral Balance, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Collateral Loan by (ii) such Eligible Collateral Loan’s contribution to the Aggregate Net Collateral Balance and dividing (b) such sum by the Aggregate Net Collateral Balance.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 5.0%.

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Weighted Average Life Test means a test that is satisfied at any such time if the Weighted Average Life as calculated on the date of determination is less than or equal to 5.5 years.

  • Weighted Average Life means, as of any date, with respect to any debt security, the quotient obtained by dividing (i) the sum of the products of the number of years from such date to the dates of each successive scheduled principal payment (including any sinking fund payment requirements) of such debt security multiplied by the amount of such principal payment, by (ii) the sum of all such principal payments.