Weighted Average Capitalization Rate definition

Weighted Average Capitalization Rate means the NNOI of the property portfolio divided by the market
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Weighted Average Capitalization Rate means the NNOI of the property portfolio divided by the market value of the property portfolio both on a proportionate consolidation basis.
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Weighted Average Capitalization Rate means the greater of (x)9.7%,
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Examples of Weighted Average Capitalization Rate in a sentence

  • At the request of the Required Banks or of Borrower, any Property shall be reappraised from time to time for purposes of determining the contribution of such Property to the Weighted Average Capitalization Rate; provided, however, that no Property shall be reappraised at the request of the Required Banks more than once during the term of the Loans nor reappraised at the request of Borrower more than once during the term of the Loans.


More Definitions of Weighted Average Capitalization Rate

Weighted Average Capitalization Rate means the greater of (x)9.7%, ------------------------------------ the current Weighted Average Capitalization Rate as attached on SCHEDULE A hereto, and (y) the percentage that would result from the weighted average of the Capitalization Rates of the resultant Projects. Notwithstanding the foregoing, how ever, in determining the Weighted Average Capitalization Rate with respect to a Project acquired from and after the date hereof and located in the County of New York, the Capitalization Rates of only the other Projects located in the County of New York, exclusive of the Capitalization Rate with respect to the Project commonly known as Tower 45, shall be averaged, but in no event shall the same be less than 9.5%.
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Weighted Average Capitalization Rate means, (i) initially, 8.25%; and (ii) thereafter, a rate, redetermined upon any addition or release of a Property pursuant to Section 2.18 or upon any reappraisal of a Property pursuant to Section 2.19, equal to, as of the date of determination, the greater of (x) 8.25% or (y) the weighted average for all Properties (based upon the Properties' respective appraised values pursuant to the appraisals thereof referred to below) of the quotients of (1) each Property's contribution to Property EBITDA for the four (4) calendar quarters ending with the most recent quarter for which Borrower, Guarantor and Mortgagors are required to report financial results pursuant to this Agreement prior to the most recent appraisal of such Property pursuant to Section 2.18(b)(v), 2.19 or 4.01(8), as the case may be, divided by (2) the appraised value of such Property pursuant to such most recent appraisal. Notwithstanding the foregoing, if any re-computation of the Weighted Average Capitalization Rate pursuant to clause (ii) (y) above results in a Weighted Average Capitalization Rate that is, in the judgment either of Borrower or the Required Banks, unreasonable, then the rate under said clause (ii) (y) shall be as may be mutually agreed to by Borrower and the Required Banks, each acting in good faith.
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Related to Weighted Average Capitalization Rate

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;

  • Weighted Average SOFR means the arithmetic mean of SOFR in effect for each Business Day during the relevant Interest Period, calculated by multiplying the relevant SOFR by the number of calendar days such SOFR is in effect, determining the sum of such products and dividing such sum by the number of calendar days in the relevant Interest Period, provided however that during a Suspension Period, the SOFR for each day during that Suspension Period will be the value for the Business Day immediately prior to the first day of such Suspension Period. For purposes of this provision “Suspension Period” is the number of Business Days prior to the end of the relevant Interest Period as specified in the applicable pricing supplement.