Adjusted Net Operating Income. As at any date of determination, an amount equal to (i) the Net Operating Income of the Borrowing Base Pool for the applicable period; minus (ii) the Borrowing Base Pool Capital Reserve on such date.
Appears in 3 contracts
Samples: Secured Term Loan Agreement (First Potomac Realty Trust), Secured Term Loan Agreement (First Potomac Realty Trust), Secured Term Loan Agreement (First Potomac Realty Trust)
Adjusted Net Operating Income. As at any date of determination, an amount equal to (i) the Net Operating Income of the Borrowing Base Unencumbered Pool for the applicable period; minus (ii) the Borrowing Base Unencumbered Pool Capital Reserve on such date.
Appears in 3 contracts
Samples: Revolving Credit Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust)
Adjusted Net Operating Income. As at For any date period of determination, an amount equal to (i) the Net Operating Income of the Borrowing Base Pool for the applicable period; minus (ii) the Borrowing Base Pool Capital Reserve on for such dateperiod.
Appears in 1 contract
Samples: Revolving Credit Agreement (Hartman Commercial Properties Reit)
Adjusted Net Operating Income. As at any date of determination, an amount equal to (i) the Net Operating Income of the Borrowing Base Pool for the applicable period; minus (ii) the Borrowing Base Pool Capital Reserve on such date. Affected Lender. See §4.10.
Appears in 1 contract
Samples: Secured Term Loan Agreement (First Potomac Realty Trust)
