Executive Memorandum definition
Executive Memorandum means the set of information provided to the investment committee of the Parent's board of directors in connection with the purchase or acquisition of a Property. The Executive Memorandum shall include, at a minimum, the following information relating to such Property: (a) a description of such Property, such description to include the age, location, site plan and current occupancy rate of such Property; (b) the purchase price paid or to be paid for such Property; (c) the capitalization rate for such Property; (d) a summary of the existing tenants of such Property; (e) grocery sales information for any grocery store tenants of such Property and a competitive retail inventory for such Property; (f) either current operating statements for such Property for the immediately preceding fiscal year and for current fiscal year through the fiscal quarter most recently ending (to the extent reasonably available to Borrower) or pro forma operating statements for such Property; and (g) other demographic and trade information relating to such Property.