Definition of TCF Quarterly Equivalent

  1. TCF Quarterly Equivalent means, with respect to each fiscal quarter, (a) in the case of any Tenant Lease providing for monthly payments, (i) the aggregate amount of Cash Collections that are scheduled to be paid to the Company or its Subsidiary for each month in such quarter, less (ii) the TCF Deductions related to such Tenant Lease for such quarter, and (b) in the case of any Tenant Lease providing for periodic payments more or less frequently than monthly, (i) the prorated monthly amount of Cash Collections that are scheduled to be paid to the Company or its Subsidiary during such period(s), less (ii) the TCF Deductions relating to such Tenant Lease and such quarter.