Funds Available for Distribution definition

Funds Available for Distribution means funds from operations (net income, computed in accordance with generally accepted accounting principles, excluding gains or losses from debt restructuring and sales of property, plus depreciation and amortization) minus non-revenue generated capital expenditures and debt principal amortization, as determined by the Board of Directors on a basis consistent with the policies and practices adopted by the Corporation for reporting publicly its results of operations and financial condition.

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Funds Available for Distribution means, on a cash basis, FFO plus amortization and minus the aggregate amount of capital expenditures and principal payments on Indebtedness.

Funds Available for Distribution. With respect to any Person for any fiscal period, an amount equal to Funds from Operations plus non-real estate depreciation and the amortization of deferred financing costs plus/minus Rent Adjustments minus Non-Incremental Revenue Generating Capital Expenditures (excluding any extraordinary or nonrecurring non-tenant related capital expenditures).

Examples of Funds Available for Distribution in a sentence

Borrower and REIT Guarantor may make Distributions of up to 95% of Funds Available for Distribution, provided neither Borrower nor REIT Guarantor shall pay any Distribution to its partners, members, or other owners or shareholders, if (a) an Event of Default is in existence, or (b) the Net Unrestricted Cash Amount shall be (or would be after giving effect to such Distributions) less than $2,500,000.
Borrower will not, nor will it permit any of its Subsidiaries to, as determined on an aggregate annual basis, declare or make any Restricted Payment (a) in excess of 90% of Funds Available for Distribution in any year or (b) during any period when an Event of Default shall have occurred and be continuing.
The Borrower shall not, as determined on an aggregate annual basis, pay any dividends in excess of 90% of the Borrower's Funds Available for Distribution for such Fiscal Year.
The Borrower shall not (a) pay or set apart any funds for the payment of dividends during any four (4) consecutive fiscal quarters in excess of one hundred percent (100%) of the Funds Available for Distribution derived by the Borrower during such period, nor (b) repurchase or redeem any of its outstanding securities or Debentures, in each case other than to maintain the Borrower's REIT status or to avoid the imposition of federal income tax or excise tax on the Borrower or its Subsidiaries.
Funds Available for Distribution shall mean Funds From Operations, less adjustments for straight-line rents and Capital Expenditures.

More Definitions of Funds Available for Distribution

Funds Available for Distribution as applied to any Person (and without duplication) means (i) Net Income, MINUS (ii) Capital Expenditures, PLUS (iii) depreciation and amortization, but only to the extent deducted in the calculation of Net Income.

Funds Available for Distribution means FFO, plus amortization of deferred financing costs, plus amortization of non-real estate assets, less capital expenditures for the preceding four Fiscal Quarters.

Funds Available for Distribution or "FAD" means, with respect to the Borrower, the Guarantor and their respective Subsidiaries for any fiscal period, an amount equal to Funds From Operations plus non-real estate depreciation and the amortization of deferred financing costs for such period less (a) the Capital Expenditure Reserve Amount for such Person for such period, and (b) the aggregate amount of scheduled principal payments on the Consolidated Total Indebtedness of such Person (excluding optional prepayments and scheduled principal payments in respect of any such Indebtedness which is payable in a single installment at final maturity) required to be made during such period.

Funds Available for Distribution means, for any period, Funds From Operations, less Capital Expenditures.

Funds Available for Distribution. With respect to any Person for any fiscal period, an amount equal to Funds from Operations minus the Actual Scheduled Principal Payments for such period minus the Capital Improvement Reserve.

Funds Available for Distribution means, for any accounting period, (a) Funds From Operations for such period minus (b) the aggregate amount of Capital Expenditures actually incurred by the Borrower and its Subsidiaries during such period, excluding (i) Capital Expenditures which directly result in an aggregate increase in the square footage of real property assets owned by the Borrower or any Subsidiary which are available for lease, (ii) Capital Expenditures resulting from tenant improvement and leasing commissions incurred for new tenants and (iii) Capital Expenditures made in connection with the acquisition of real property assets, provided that such Capital Expenditures are fully reflected in the budget relating to such acquisition, and provided further that such capital expenditures are made within twelve months following consummation of such acquisition of real property assets.

Funds Available for Distribution means, for any accounting period, (a) -------------------------------- Funds From Operations for such period minus (b) the aggregate amount of capital expenditures actually incurred by the Borrowers during such period, excluding (i) any capital expenditures which directly result in an aggregate increase in the square footage of real property assets owned by the Borrowers which are available for lease, and (ii) any capital expenditures made in connection with the acquisition of real property assets, provided that such capital expenditures are fully reflected in the budget relating to such acquisition, and provided further that such capital expenditures are made within twelve months following consummation of such acquisition of real property assets.