Definition of Tenant Concentration Percentage

  1. Tenant Concentration Percentage means that percentage calculated by dividing the Net Operating Income of a single tenant by the aggregate Net Operating Income of all Properties owned directly or indirectly by the Parent Guarantor.

Examples of Tenant Concentration Percentage in a sentence

  1. The Parent Guarantor shall not permit the Tenant Concentration Percentage to exceed 25% of the aggregated NOI.

Definition of Tenant Concentration Percentage in Credit Agreement

Tenant Concentration Percentage means that percentage calculated by dividing the Net Operating Income of a single tenant by the aggregate Net Operating Income of all Properties owned directly or indirectly by the Parent Guarantor.