Ground Lease Expense definition
Ground Lease Expense means, for any period, all payments due from any member of the Consolidated Group under a lease of land underlying a Property for such period.
Ground Lease Expense means, for any period of determination, the sum of all amounts payable by Debtor under any Existing Lease with respect to the subject Premises.
Ground Lease Expense means for any Twelve Month Period, the sum of all amounts payable under any ground lease with respect to the Premises and the Other Properties.
Examples of Ground Lease Expense in a sentence
For purposes of this Section, the term "Fixed Charge Coverage Ratio" shall mean with respect to the twelve month period of time immediately preceding the date of determination, the ratio calculated for such period of time of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, less a corporate overhead allocation in an amount equal to 5% of Gross Sales, to (b) the sum of the FFCA Payments, the Equipment Payment Amount and the Ground Lease Expense.
Ground Lease Expense for the most recent 12 calendar months $______________________ C.