FFO Multiple definition

FFO Multiple shall be determined by ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co. and shall equal the multiple of the projected per share Funds from Operations (as such term in defined in the Registration Statement defined in Section 2.1 below) of the Company for the 1997 fiscal year available for Common Stock distributions used for determining the Price to Public for shares of Common Stock sold in the IPO. If a Yield Reduction Event occurs, neither the Purchaser nor the Company shall have any obligation to purchase or sell the Shares.
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FFO Multiple means Market Value as of the last trading date of the calendar year divided by its FFO per share for the preceding twelve-month period). Following the Maturity Date, the Company shall compute the simple numerical average of the FFO Multiples as of December 31 of each of the preceding five years (each such multiple being based on the preceding twelve months' FFO) (the "AVERAGE MULTIPLE"). The Average Multiple will then be compared against the Average Multiple of the ten Indexed REITs designated by the Company for such five-year period. If the Average Multiple for the Company is at or below the 50th percentile of the Indexed REITs, there will be no reduction in Payment Amount; if the Average Multiple is at or above the 80th percentile, there will be a 30% reduction in Payment Amount; if the increase is between 50th and 80th percentile, the reduction in Payment Amount will be computed on a pro-rated basis between 0% and 30%. For example, if the increase is at the 72nd percentile, the reduction shall be 22% of the Payment Amount.
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FFO Multiple means, for each of the Company and the Peer Companies, (i) the company's Measurement Market Value on the applicable Measurement Date divided by (ii) the company's Consensus FFO per share for such Measurement Date.
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Examples of FFO Multiple in a sentence

  • The achieved FFO Multiple at the 60th percentile of the Indexed REITs represents 33.33% of the difference between the 50th percentile threshold and the 80% target.

  • The "FFO Multiple" shall be determined by ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co. and shall equal the multiple of the projected per share Funds from Operations (as such term in defined in the Registration Statement defined in Section 2.1 below) of the Company for the 1997 fiscal year available for Common Stock distributions used for determining the Price to Public for shares of Common Stock sold in the IPO.

  • The Purchaser has also agreed to issue an exchange right (the "Exchange Right") to VFUT that would allow VFUT to exchange the Put Option Shares for cash or ordinary units in Westfield America Trust (at the Purchaser's election), calculated by multiplying the Mall REIT Industry FFO Multiple (as defined in the Valley Fair Letter Agreement) for the most recent four calendar quarters by the Company's funds from operations per share of Common Stock for the same period.

  • Up to 30% of the Payment Amount may be reduced based on the FFO Multiple (as used herein, "FFO MULTIPLE" shall mean Market Value as of the last trading date of the calendar year divided by its FFO per share for the preceding twelve-month period).

Related to FFO Multiple

  • Borrowing Multiple means (a) in the case of a Borrowing denominated in US Dollars, US$1,000,000 and (b) in the case of a Borrowing denominated in any Alternative Currency, 1,000,000 units of such currency.

  • Borrowing Minimum means (a) in the case of a Borrowing denominated in US Dollars, US$5,000,000 and (b) in the case of a Borrowing denominated in any Alternative Currency, the smallest amount of such Alternative Currency that is a multiple of 1,000,000 units of such currency that has a US Dollar Equivalent of US$5,000,000 or more.

  • Multiple means the least of (i) three, (ii) the greater of one and the number of years and fractions thereof during the period from the Date of Termination (as hereinafter defined) and the Executive's 65th birthday, and (iii) if the Executive had announced his intention to retire before the Date of Termination, the number of years and fractions thereof from the Date of Termination until the date of such intended retirement.

  • Loop Concentrator/Multiplexer or "LCM" is the Network Element that does one or more of the following: aggregates lower bit rate or bandwidth signals to higher bit rate or bandwidth signals (multiplexing); disaggregates higher bit rate or bandwidth signals to lower bit rate or bandwidth signals (demultiplexing); aggregates a specified number of signals or channels to fewer channels (concentrating); performs signal conversion, including encoding of signals (e.g., analog to digital and digital to analog signal conversion); or in some instances performs electrical to optical (E/O) conversion. LCM includes DLC, and D4 channel banks and may be located in Remote Terminals or Central Offices.

  • ECF Percentage has the meaning specified in Section 2.05(b)(i).