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.
Sample 1Sample 2
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.
Sample 1Sample 2
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
Sample 1

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 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.
Sample 1

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 day is equal to or greater than 5.25%.

  • 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, 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).

  • 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 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 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 all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 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 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.[Signature Page Follows]

  • 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 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.