Hotel NOI Multiplier Sample Clauses

Hotel NOI Multiplier. The “Hotel NOI Multiplier” shall equal the product of (x) one-half (1/2), multiplied by (y) the Base Hotel NOI Multiplier. The “Base Hotel NOI Multiplier” shall be determined in accordance with the table below: If the Company’s Hotel NOI Is… The Base Hotel NOI Multiplier Is… Less than $100,000,000 0 $100,000,000 (“Threshold Hotel NOI”) 0.5 $200,000,000 (“Target Hotel NOI”) 1.00 $300,000,000 (“Maximum Hotel NOI”) or greater 2.00 The Threshold Hotel NOI will be reduced by thirty percent (30%), the Target Hotel NOI will be reduced by fifty-five percent (55%), and the Maximum Hotel NOI will be reduced by eighty percent (80%), respectively, of Hotel NOI (as defined below, but calculated with respect to the corresponding figures reported in the Company’s earnings release for the fiscal year ending December 31, 2019) that is attributable to any hotel assets disposed of by the Company during the Performance Period or Shortened Performance Period, as applicable, as identified and calculated by the Committee. The Base Hotel NOI Multiplier shall be interpolated on a linear basis for achievement of Hotel NOI between the Threshold Hotel NOI and Target Hotel NOI, or Target Hotel NOI
Sample 1
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Hotel NOI Multiplier. The “Hotel NOI Multiplier” shall equal the product of (x) one-half (1/2), multiplied by (y) the Base Hotel NOI Multiplier. The “Base Hotel NOI Multiplier” shall be determined in accordance with the table below: If the Company’s Hotel NOI Is… The Base Hotel NOI Multiplier Is… Less than $100,000,000 0 $100,000,000 (“Threshold Hotel NOI”) 0.5 $200,000,000 (“Target Hotel NOI”) 1.00 $300,000,000 (“Maximum Hotel NOI”) or greater 2.00
Sample 1

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