Weighted Average Remaining Lease Term definition

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 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 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

  • Operating Lease Right-of-Use Assets Operating Lease Liabilities included in Other Liabilities$ 1,582,686 $ 1,582,686 Weighted Average Remaining Lease Term, in Years 7.32Weighted Average Discount Rate 5.00%The Company elected, for all classes of underlying assets, not to separate lease and non-lease components and instead to account for them as a single lease component.

  • 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.

  • The Collateral Pool Properties (excluding multifamily Collateral Pool Properties) to have Weighted Average Remaining Lease Term of less than five (5) years (with compliance certified as of the last day of each fiscal quarter for the Measurement Period then ended in a Compliance Certificate delivered pursuant to Section 6.1).

  • The following tables summarizes the weighted average remaining lease terms by asset class and geographic location: Weighted Average Remaining Lease Term (years) As at December 31, 2013 IndustrialOfficeRetailTotalManitoba4.03.88.94.2Ontario12.43.6‐6.9Saskatchewan‐1.1‐1.1Alberta9.8‐1.98.7Northwest Territories‐‐2.32.3 7.53.56.65.4 As at December 31, 2013, approximately 5.1% of the REIT’s tenancies are on a month‐to‐month basis.

  • 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.

  • Information regarding the Company’s lease terms and discount rates as of December 31, 2019 is as follows: Weighted Average Remaining Lease Term Operating leases8 yearsFinance leases5 years Weighted Average Discount Rate Operating leases4.6%Finance leases8.6% Operating lease cost is recognized on a straight-line basis over the lease term.

  • The following tables summarizes the weighted average remaining lease terms by asset class and geographic location: Weighted Average Remaining Lease Term (years) As at June 30, 2013 IndustrialOfficeRetailTotalManitoba4.43.39.44.2Ontario12.94.3‐8.5Saskatchewan‐1.42.62.0Alberta10.3‐2.19.3Northwest Territories‐‐2.92.9 8.03.45.05.7 As at June 30, 2013, approximately 1.7% of the REIT’s tenancies are on a month‐to‐month basis.

  • In such a case, the Company may request such customer to submit documents including such customer’s “Certificate of Seal Impression”, “Abstract of Family Register”, and “Residence Certificate”.

  • The Weighted Average Remaining Lease Term to be less than six (6) years on the Borrowing Base Properties (with compliance certified as of the last day of each fiscal quarter in a Compliance Certificate delivered pursuant to Section 9.3 and at each other date of determination).

  • Leases consisted of the following (in thousands): Leases December 31, 2019AssetsOperating lease ROU assets, net(1) $ 166LiabilitiesOperating lease liabilities $ 166 Weighted Average Remaining Lease Term 0.5 years (1) Operating lease ROU assets are recorded net of accumulated amortization of $356,000 as of December 31, 2019.


More Definitions of Weighted Average Remaining Lease Term

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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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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Related to Weighted Average Remaining Lease Term

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • 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 means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

  • Weighted Average Spread means, with respect to Floating Rate Obligations (in each case excluding Defaulted Loans), as of any date, the number obtained by:

  • Remaining Weighted Average Life of an Equipment Note, at the redemption date of such Equipment Note, means the number of days equal to the quotient obtained by dividing: (i) the sum of the products obtained by multiplying (A) the amount of each then remaining installment of principal, including the payment due on the maturity date of such Equipment Note, by (B) the number of days from and including the redemption date to but excluding the scheduled Payment Date of such principal installment by (ii) the then unpaid principal amount of such Equipment Note.

  • Weighted Average Net Mortgage Interest Rate As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • 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:

  • Weighted Average Pass-Through Rate For any Distribution Date, the weighted average of the Pass-Through Rates on the Mortgage Loans as of the second preceding Due Date (after giving effect to the payments due on the Mortgage Loans on that Due Date).

  • 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 Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation 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 7.0%.

  • 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 on the Pink Open Market. 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 12 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.

  • Fixed Rate Period Remaining Life means, with respect to any Debenture, the period from the Special Redemption Date for such Debenture to the Interest Payment Date in December 2010.

  • Remaining Excess Spread With respect to any Distribution Date, the Excess Spread less any Extra Principal Distribution Amount, in each case for such Distribution Date.

  • 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, as of any date of determination, that the Weighted Average Life of all Eligible Loan Assets is equal to or less than 6.0 years.

  • Fixed Spread means the Bank’s fixed spread in effect at 12:01 a.m. Washington, D.C. time, one calendar day prior to the date of the Loan Agreement, for the Currency of denomination of such amount.”

  • Weighted Average Life As of any date of determination with respect to all Collateral Obligations other than Defaulted Obligations, the number of years following such date obtained by summing the products obtained by multiplying:

  • LIBOR Total Spread means, for each Interest Period: (A) three-fourths of one percent (3/4 of 1%); (B) minus (or plus) the weighted average margin, for such Interest Period, below (or above) the London interbank offered rates, or other reference rates, for six-month deposits, in respect of the Bank’s outstanding borrowings or portions thereof allocated by the Bank to fund single currency loans or portions thereof made by it that include the Loan; as reasonably determined by the Bank and expressed as a percentage per annum.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • Three-Month LIBOR means the rate (expressed as a percentage per annum) for deposits in United States dollars for a three-month period commencing on the first day of a Dividend Period that appears on the Reuters Screen LIBOR01 Page as of 11:00 a.m. (London time) on the LIBOR Determination Date for that Dividend Period. If such rate does not appear on Reuters Screen LIBOR01 Page, Three-month LIBOR will be determined on the basis of the rates at which deposits in United States dollars for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., London time, on the LIBOR Determination Date for that Dividend Period. The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of such quotations. If fewer than two quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of the rates quoted by three major banks in New York City selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for that Dividend Period for loans in United States dollars to leading European banks for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million. However, if fewer than three banks selected by the Calculation Agent to provide quotations are quoting as described above, Three-month LIBOR for that Dividend Period will be the same Three-month LIBOR as determined for the previous Dividend Period or, in the case of the Dividend Period beginning on April 30, 2018, 2.920%. The determination of Three-month LIBOR for each relevant Dividend Period by the Calculation Agent will (in the absence of manifest error) be final and binding.