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"type": "definition", "offset": [841, 871]}, {"key": "consistent-with-the", "type": "clause", "offset": [917, 936]}, {"key": "white-paper", "type": "definition", "offset": [937, 948]}, {"key": "issued-by", "type": "clause", "offset": [991, 1000]}, {"key": "national-association", "type": "definition", "offset": [1001, 1021]}, {"key": "real-estate-investment-trusts", "type": "clause", "offset": [1025, 1054]}, {"key": "other-modifications", "type": "clause", "offset": [1142, 1161]}, {"key": "agreement-date", "type": "definition", "offset": [1184, 1198]}, {"key": "to-the-extent", "type": "clause", "offset": [1219, 1232]}], "size": 3, "snippet": "means, for any applicable period, with respect to the Borrower and its Subsidiaries, Consolidated funds from operations for such period, calculated without regard to acquisition costs, gains or losses on early retirement of debt, debt modification charges, prepayment premiums, contingent consideration or impairment charges, SEC investigation costs, personnel separation costs, development or redevelopment costs written-off, and any other non-recurring, infrequent or unusual charges for such period deemed to be non-Core FFO provided that, solely with respect to such other non-recurring, infrequent or unusual charges, such charges are approved by the Agent for exclusion in such calculation, all adjusted to include the Borrower\u2019s or any Subsidiary\u2019s Pro Rata Share of the foregoing items of any Partially Owned Entity for such period. For purposes of this Agreement, \u201cfunds from operations\u201d shall be calculated consistent with the White Paper on Funds from Operations dated April 2002 issued by National Association of Real Estate Investment Trusts, Inc. (the \u201cWhite Paper\u201d), but without giving effect to any supplements, amendments or other modifications promulgated after the Agreement Date; provided, however, to the extent that the White Paper is inconsistent with the first sentence of this definition, the first sentence of this definition shall control.", "samples": [{"hash": "5kgdvvtnHl8", "uri": "/contracts/5kgdvvtnHl8#core-ffo", "label": "Credit Agreement (First Potomac Realty Trust)", "score": 26.9329223633, "published": true}, {"hash": "kQ6TJpQztRO", "uri": "/contracts/kQ6TJpQztRO#core-ffo", "label": "Term Loan Agreement (First Potomac Realty Trust)", "score": 24.8056125641, "published": true}, {"hash": "i4rlb4yic0M", "uri": "/contracts/i4rlb4yic0M#core-ffo", "label": "Revolving Credit Agreement (First Potomac Realty Trust)", "score": 24.8056125641, "published": true}], "hash": "32ea8482b96ee772ebf97135de9518a7", "id": 9}, {"snippet_links": [{"key": "core-funds-from-operations", "type": "definition", "offset": [12, 38]}, {"key": "the-year", "type": "definition", "offset": [62, 70]}, {"key": "as-adjusted", "type": "definition", "offset": [116, 127]}, {"key": "sale-of", "type": "clause", "offset": [150, 157]}, {"key": "other-non", "type": "clause", "offset": [194, 203]}, {"key": "capital-events", "type": "definition", "offset": [213, 227]}, {"key": "other-adjustments", "type": "clause", "offset": [237, 254]}, {"key": "the-committee", "type": "clause", "offset": [272, 285]}, {"key": "original-budget", "type": "clause", "offset": [434, 449]}], "size": 3, "snippet": "means BRE\u2019s core funds from operations as reported by BRE for the year ended December 31, \u00abxxYear_of_Grant_Numeric\u00bb as adjusted for the timing of the sale of Summerwind (or a replacement sale), other non-budgeted capital events, and any other adjustments as determined by the Committee necessary to make Core FFO as determined for the year ended December 31, \u00abxxYear_of_Grant_Numeric\u00bb comparable to core funds from operations per the original budget for such year.", "samples": [{"hash": "zROExGp5X4", "uri": "/contracts/zROExGp5X4#core-ffo", "label": "Restricted Stock Award Agreement (Bre Properties Inc /Md/)", "score": 24.2525672913, "published": true}, {"hash": "kNGhNkHXpjA", "uri": "/contracts/kNGhNkHXpjA#core-ffo", "label": "Restricted Stock Award Agreement (Bre Properties Inc /Md/)", "score": 24.0965099335, "published": true}], "hash": "4704a415125105ec4bd39b5445dec553", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIRY29yZS1mZm8jMDAwMDAwMGEMogECZW4YACAA", "definition": {"size": 63, "title": "Core FFO", "snippet": "means FFO with certain adjustments which are either not likely to occur on a regular basis or are otherwise not representative of the ongoing operating performance of NHT\u2019s portfolio. Core FFO adjusts FFO to remove items such as losses on extinguishment of debt and modification costs (includes prepayment penalties incurred and the write-off of unamortized deferred financing costs and fair market value adjustments of assumed debt related to the retirement of debt and costs incurred in connection with a debt modification that are expensed), distributions to redeemable Class B Units (the \u201cClass B Units\u201d) of NHT Operating Partnership, LLC (the \u201cOP\u201d) and casualty-related expenses.", "id": "core-ffo", "examples": ["If the <strong>Core FFO</strong> does not equal or exceed the <strong>Core FFO</strong> Test prior to the second (2nd) anniversary of the Initial Public Offering, none of the Deferral Amounts shall be paid.", "The <strong>Core FFO</strong> Test shall apply to each full Fiscal Quarter following completion of the Initial Public Offering and shall terminate upon the earlier of (i) the second (2nd) anniversary of the Initial Public Offering and (2) the <strong>Core FFO</strong> equaling or exceeding the <strong>Core FFO</strong> Test for a full Fiscal Quarter.", "Notwithstanding anything contained herein, all determinations, interpretations and assumptions relating to the vesting of the Award (including, without limitation, determinations, interpretations and assumptions with respect to Company <strong>Core FFO</strong> Growth Percentage, Company TSR Percentage and/or Peer Group TSR Percentage and the vesting and earning of OPP Units) shall be made by the Administrator.", "In no event may more than 100% of the Same-Center NOI RSUs or 100% of the <strong>Core FFO</strong> RSUs become Earned Restricted Stock Units.", "Any portion of the PSUs which do not vest as a result of the Company\u2019s Relative TSR Ranking and/or <strong>Core FFO</strong> for the Performance Period being below the threshold for vesting set forth above shall automatically and without further action be cancelled and forfeited by Participant, and Participant shall have no further right or interest in or with respect to such PSUs or any related Dividend Equivalents.", "Such number of PSUs shall vest on the Certification Date based on the Company\u2019s <strong>Core FFO</strong> for the FFO Performance Period as is determined by multiplying (i) fifty (50%) by (ii) the Target Number of PSUs set forth in the Grant Notice, by (iii) the <strong>Core FFO</strong> Performance Multiplier (as determined below) as of the Measurement Date (rounded to the nearest whole PSU).", "<strong>Core FFO</strong> may be calculated (before such adjustments, if any) as presented in the Company\u2019s earnings releases or as presented in third party published reports.", "In no event may more than 100% of the Same-Center NOI LTIP Units or 100% of the <strong>Core FFO</strong> LTIP Units become Earned Restricted Stock Units.", "If the Company achieves <strong>Core FFO</strong> that falls between the following levels, the Performance Multiplier will be determined by linear interpolation between the applicable levels.", "The Performance Factor shall be determined in accordance with the matrix set forth below, based on (i) Actual Revenue, measured as of the AMB Measurement Date, and (ii) the percentile ranking of the Company\u2019s <strong>Core FFO</strong> Per Share Growth for the Performance Period relative to the <strong>Core FFO</strong> Per Share Growth of the Peer Group for the Performance Period; provided that, in no event shall the Performance Factor exceed 100%."], "related": [["operating-profit", "Operating Profit", "Operating Profit"], ["gross-operating-profit", "Gross Operating Profit", "Gross Operating Profit"], ["adjusted-operating-income", "Adjusted Operating Income", "Adjusted Operating Income"], ["operating-profits", "Operating Profits", "Operating Profits"], ["adjusted-funds-from-operations", "Adjusted Funds From Operations", "Adjusted Funds From Operations"]], "related_snippets": [], "updated": "2026-02-25T05:25:33+00:00"}, "json": true, "cursor": ""}}