Definition of Portfolio Total Expenses

  1. Portfolio Total Expenses means, for any period, in the aggregate with respect to the entire Portfolio and the Cross-Collateralized Portfolio during such period, the aggregate of all Property Expenses actually incurred by Borrowers and the Cross-Collateralized Borrowers and due and payable during such period in respect of the Portfolio and the Cross-Collateralized Portfolio, as applicable.

Definition of Portfolio Total Expenses in Loan Agreement

Portfolio Total Expenses means, for any period, in the aggregate with respect to the entire Portfolio and the Cross-Collateralized Portfolio during such period, the aggregate of all Property Expenses actually incurred by Borrowers and the Cross-Collateralized Borrowers and due and payable during such period in respect of the Portfolio and the Cross-Collateralized Portfolio, as applicable.