Capitalization Factor definition
Capitalization Factor means, as at the relevant Calculation Reference Date, the amount determined as the simple average of the weighted average capitalization rates published by the REIT in reference to the calculation of the fair value of its assets in the REIT’s annual or interim financial statements or MD&A published for each of the eight most recently completed fiscal quarters (including the fiscal quarter in which the relevant Calculation Reference Date occurs).
Capitalization Factor. ’ of the REIT means, as at the relevant Calculation Reference Date, the amount determined as the simple average of the weighted average capitalization rate published by the REIT in reference to the calculation of the fair value of its assets in the REIT’s annual or interim financial statements or management’s discussion and analysis published for each of the eight (8) most recently completed fiscal quarters (including the fiscal quarter in which the relevant Calculation Reference Date occurs), provided that (i) for the first seven (7) fiscal quarters of the REIT, such average shall be calculated on a rolling-up basis as the average with respect to the completed fiscal quarters, which rolling up shall include the Deemed Fiscal Quarters as though each such Deemed Fiscal Quarter was a completed fiscal quarter of the REIT, and (ii) the first fiscal quarter of the REIT shall be the interim period from July 1, 2013 to September 30, 2013 (the ‘‘First Fiscal Quarter’’). For the purposes of this definition, the REIT shall be deemed to have completed four fiscal quarters prior to the First Fiscal Quarter for which the capitalization rate for each such deemed fiscal quarter shall be equal to 6.16% (the ‘‘Deemed Fiscal Quarters’’).
Capitalization Factor means (a) 0.0719 if the aggregate of all Capitalization Factor Occupancy Percentages for all Portfolio Properties (hereinafter “Aggregate Capitalization Factor Occupancy Percentage”) equals 100% on the Re-Determination Effective Date, (b) 0.077 if the Aggregate Capitalization Factor Occupancy Percentage is less than 100% but greater than or equal to 93% on the Re-Determination Effective Date, (c) 0.078 if the Aggregate Capitalization Factor Occupancy Percentage is less than 93% but greater than or equal to 86% on the Re-Determination Effective Date, (d) 0.079 if the Aggregate Capitalization Factor Occupancy Percentage is less than 86% but greater than or equal to 79% on the Re-Determination Effective Date, (e) 0.080 if the Aggregate Capitalization Factor Occupancy Percentage is less than 79% but greater than or equal to 72% on the Re-Determination Effective Date, (f) 0.082 if the Aggregate Capitalization Factor Occupancy Percentage is less than 72% but greater than or equal to 65% on the Re-Determination Effective Date, and (g) 0.085 if the Aggregate Capitalization Factor Occupancy Percentage is less than 65% on the Re-Determination Effective Date.
Examples of Capitalization Factor in a sentence
The aggregate value of Borrower's Unencumbered Real Estate Assets for the purposes of this Section 5.19(g) shall be determined (x) by including therein fifty percent (50%) of the book value of the Assets Under Development and of the Raw Land comprised within Borrower's Unencumbered Real Estate Assets, and (y) with respect to Unencumbered Real Estate Assets other than Assets Under Development or Raw Land, determined by reference to the Capitalization Factor.
More Definitions of Capitalization Factor
Capitalization Factor of the REIT means, as at the relevant Calculation Reference Date, the amount determined as the simple average of the weighted average capitalization rate published by the REIT in reference to the calculation of the fair value of its assets in the REIT’s annual or interim MD&A published for each of the 10
Capitalization Factor of the Borrower means, as at the relevant calculation reference date, the amount determined as the simple average of the weighted average capitalization rate published by the Borrower in reference to the calculation of the fair value of its assets in the Borrower’s annual or interim financial statements or management’s discussion and analysis published for each of the four (4) most recently completed Fiscal Quarters (including the Fiscal Quarter in which the relevant calculation reference date occurs).
Capitalization Factor of the Trust means, as at the relevant Calculation Reference Date, the amount determined as the simple average of the weighted average capitalization rate published by the Trust in reference to the
Capitalization Factor of the Trust means, as at the relevant Calculation Reference Date, the amount