MFR Building definition
MFR Building means a multi-family residential apartment building. (175) “MFR Buildings with LEED Gold Certification Rate” means, for any Fiscal Year, the total number of Tricon’s MFR Buildings that either (a) have received LEED Gold Certification (excluding any MFR Building for which certification is revoked or expired), or (b) for which (i) the design and construction specifications meet LEED Gold certification requirements and (ii) an application has been submitted to GBCI based on a LEED rating system and scorecard for which there is reasonable evidence that LEED Gold Certification will be obtained within the twelve (12) month period from the date such application is submitted; provided that, for greater certainty, the MFR Buildings with LEED Gold Certification Rate included in the Sustainability Certificate for any Fiscal Year shall be limited to MFR Buildings for which such certification was obtained or commenced within the corresponding calendar year, and subject to evidence reasonably acceptable to the Co-Sustainability Structuring Agents. Relevant details provided annually in the Sustainability Certificate will be the (i) number of MFR Buildings in Tricon’s portfolio, (ii) the number of MFR Buildings that have received LEED Gold Certification, together with a copy of the LEED Gold Certification Review Report, and (iii) the number of MFR Buildings for which (A) the design and construction specifications meet LEED Gold Certification requirements and (B) an application has been submitted to GBCI based on a LEED rating system and scorecard for which there is reasonable evidence that LEED Gold Certification will be obtained within the twelve (12) month period from the date such application is submitted, together with evidence of the submission of completed application(s) and supporting