Definition of Pool Leasing Ratio

  1. Pool Leasing Ratio means, at any time of determination, the ratio, expressed as a percentage, of (a) the weighted average of the Mortgaged Properties' leased square feet (tenants in occupancy and current on rent payments, or a new tenant under a signed lease to take occupancy within 30 days), to (b) the Mortgaged Properties' aggregate rentable square feet.

Definition of Pool Leasing Ratio in Revolving Credit Agreement

Pool Leasing Ratio means, at any time of determination, the ratio, expressed as a percentage, of (a) the weighted average of the Mortgaged Properties' leased square feet (tenants in occupancy and current on rent payments, or a new tenant under a signed lease to take occupancy within 30 days), to (b) the Mortgaged Properties' aggregate rentable square feet.