Pro-Forma Operating Income means projected annualized Operating Income based on the most recent rent roll and such other information as is required to be delivered by Borrower pursuant to Section 2.09 hereof excluding only rent receivables (pursuant to the most recent Rent Roll) that are more than forty-five (45) days old as reasonably adjusted by Lender to take into account, among other things, a vacancy factor equal to anticipated vacancies.

Pro-Forma Operating Income means the operating income per the Annual Operating Budget before any expenses for the Plan.

Pro-Forma Operating Income means the lesser of (i) projected aggregate Operating Income for the Cross-collateralized Properties for the immediately subsequent 12-month period and (ii) actual aggregate Operating Income for the Cross-collateralized Properties for the immediately preceding 12-month period, as increased by scheduled rent increases set forth in the Space Leases and rent anticipated from tenants under Space Leases relating to any portion of the Premises which was previously not occupied provided such tenants are then in occupancy pursuant to Space Leases entered into in accordance with the terms of this Security Instrument and have paid all rents due under the Space Lease without abatement, suspension, deferment, diminution, reduction or other allowances for at least one full calendar month, in each case as determined by Lender based on the most recent rent roll and such other information as is required to be delivered by Mortgagor pursuant to Section 2.09 hereof and as reasonably adjusted by Lender to take into account, among other things, a vacancy factor equal to the greater of (x) anticipated vacancies for the succeeding 12-month period and (b) actual vacancies during the immediately preceding 12-month period.

Examples of Pro-Forma Operating Income in a sentence

Published Operating Margin Goal = 8% Q2’15 Adjusted Pro-Forma Operating Income from Continuing Operations (1) = 4.0% From 2.0% in FY 2014.
Before Plaintiff was able to obtain the vehicle from Leslie/Haughn Racing, Defendants removed the car to an unknown location.

More Definitions of Pro-Forma Operating Income

Pro-Forma Operating Income means the lesser of (i) projected aggregate Operating Income for the Property for the immediately subsequent 12-month period and (ii) actual aggregate Operating Income for the Property for the immediately preceding 12-month period, as increased by scheduled rent increases set forth in the Space Leases and rent anticipated from tenants under Space Leases relating to any portion of the Premises which was previously not occupied provided such tenants are then in occupancy pursuant to Space Leases entered into in accordance with the terms of this Security Instrument and have paid all rents due under the Space Lease without abatement, suspension, deferment, diminution, reduction or other allowances for at least one full calendar month, in each case as determined by Lender based on the most recent rent roll and such other information as is required to be delivered by Borrower pursuant to Section 2.09 hereof and as reasonably adjusted by Lender to take into account, among other things, a vacancy factor equal to the greater of (x) anticipated vacancies for the succeeding 12-month period and (b) actual vacancies during the immediately preceding 12-month period.

Pro-Forma Operating Income means projected aggregate annualized Operating Income for all of the Cross-collateralized Properties based on the most recent rent rolls and such other information as is required to be delivered by Borrower pursuant to Section 2.09 hereof excluding rent relating to tenants under Space Leases (pursuant to the most recent rent roll) that are more than thirty (30) days old as reasonably adjusted by Lender to take into account, among other things, a vacancy factor equal to the greater of (a) anticipated vacancies and (b) market vacancies for the market in which the Cross-collateralized Properties are located.

Pro-Forma Operating Income means the lesser of (i) projected Operating Income for the immediately subsequent 12-month period and (ii) actual Operating Income for the immediately preceding 12-month period, as increased by scheduled rent increases set forth in the Space Leases and rent anticipated from tenants under Space Leases relating to any portion of the Premises which was previously not occupied provided such tenants are then in occupancy pursuant to Space Leases entered into in accordance with the terms of this Security Instrument and have paid all rents due under the Space Lease without abatement, suspension, deferment, diminution, reduction or other allowances for at least one full calendar month, in each case as determined by Lender based on the most recent rent roll and such other information as is required to be delivered by Borrower pursuant to Section 2.09 hereof and as reasonably adjusted by Lender to take into account, among other things, a vacancy factor equal to the greater of (x) anticipated vacancies for the succeeding 12-month period and (b) actual vacancies during the immediately preceding 12-month period.

Pro-Forma Operating Income means for each Qualified Company whose Acquisition by the Company occurs during the four consecutive fiscal quarter period preceding the date as of which EBITDA is being calculated and with respect to the period beginning four fiscal quarters prior to the calculation of EBITDA through the date of such Acquisition, the sum of Consolidated Net Earnings of such Qualified Company for such period, plus (to the extent deducted in determining Consolidated Net Earnings of such Qualified Company for such period) the aggregate amount of federal, state and local income and franchise taxes, interest expense, depreciation expense and amortization expense and other non-cash charges for such period, plus or minus, as applicable, Add-Back Adjustments with respect to such Qualified Company, in the case of each such item equal to the amount of such item as set forth in the pro forma presentation of the results of such Acquisition contained in the applicable form filed or to the filed by the Company with the Securities and Exchange Commission reporting such Acquisition.

Pro-Forma Operating Income means, for each fiscal year of the Corporation contained in the Performance Period, the Operating Income of the Corporation for such fiscal year, adjusted to exclude (i) amortization of purchased intangible assets, (ii) in-process research and development expense, (iii) stock-based compensation expense from acquisitions and (iv) stock-based compensation expense determined in accordance with Statement of Financial Accounting Standards No. 123 (revised 2004).

Pro-Forma Operating Income means projected annualized Operating Income (which for the purposes hereof shall include Rent due under Space Leases having a term of five (5) years or greater with respect to which the rent commencement date will occur within six (6) months of the date as of which the calculation of Pro Forma Operating Income is made) based on the most recent rent roll and such other information as is required to be delivered by Borrower pursuant to Section 2.09 hereof, as reasonably adjusted by Lender to take into account a vacancy factor equal to the greater of (a) anticipated vacancies over the course of the subsequent twelve (12) month period for which such calculation is made or (b) five percent (5%), and excluding rental income of tenants under Space Leases (other than Government Tenants which are not contesting “base” or “fixed” rent and which have not sent any notice of default or notice regarding termination of such Space Lease to Borrower) whose base rent is more than ninety (90) days overdue.