Rollover Projects definition

Rollover Projects means those Projects which, due to no or low occupancy at such Project, have a value, determined by dividing the Property Operating Income for such a Project for the most recent four fiscal quarters by the Applicable Cap Rate, of less than 50% of book value, provided that a Project shall no longer be treated as a Rollover Project after: (i) a period of six consecutive full fiscal quarters has elapsed since such Project was first included as a Rollover Project, or (ii) such Project has a value, determined by dividing the Property Operating Income for such Project for the most recent four fiscal quarters by the Applicable Cap Rate, of greater than 50% of book value.
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Examples of Rollover Projects in a sentence

  • A motion was made by Director Webb, seconded by Director Clark and unanimously supported to approve the Resolution Authorizing the General Manager to Implement the 2003 Capital Replacement, Improvement and Rollover Projects Budgets.

  • There is a need for additional funds for this line item as some of their consultations were not paid due to unavailability of funds.3.2.3.2. Capital Expenditure Roll-over Projects 2014/15The municipality made an application to National Treasury for the approval of roll-over amounts relating to MIG for the purpose of completing the projects during the current financial year and the application was successful.

  • Orient Craft Noida (a supplier with many factories in the NCR region), one of the largest enterprises in the region, closed down in May 2020 without paying the dues of workers.

  • Negative numbers indicate that outflows are projected to be greater than inflows for that year.APPENDIX B: CWSRF Project Financing Forecast for SFY 2019-20 – Fundable List‌ Rollover Projects are highlighted yellow.

Related to Rollover Projects

  • Rollover Loan means one or more Loans:

  • Rollover Date means the date of commencement of a new Interest Period applicable to a Loan and which shall be a Banking Day.

  • Contribution Indebtedness means Indebtedness or Disqualified Stock of the Company or any Restricted Subsidiary in an aggregate principal amount not greater than the aggregate amount of cash contributions (other than the proceeds from the issuance of Disqualified Stock or any cash contribution by an Issuer or a Restricted Subsidiary) made to the capital of the Company or a Restricted Subsidiary after the Issue Date (whether through the issuance of Capital Stock or otherwise); provided that such Contribution Indebtedness is incurred within 180 days after the making of the related cash contribution.