NOI Adjustment Worksheet definition

NOI Adjustment Worksheet format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CMSA for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in addition to that called for by the form of the "CMSA NOI Adjustment Worksheet" available as of the Closing Date on the CMSA website, is reasonably acceptable to the Master Servicer or the Special Servicer, as applicable.

NOI Adjustment Worksheet. A report prepared by the Master Servicer or the Special Servicer, as the case may be, substantially containing the content described in Exhibit Q-8 attached hereto, presenting the computations made in accordance with the methodology described in said Exhibit Q-8 to "normalize" the full year net operating income and debt service coverage numbers used in the other reports required by this Agreement, sent to the Trustee with each annual operating statement for a Mortgaged Property pursuant to Section 3.13(d).

NOI Adjustment Worksheet. A report prepared by the Special Servicer, substantially containing the content described in Exhibit S attached hereto, presenting the computations made in accordance with the methodology described in Exhibit T to "normalize" the full year net operating income and debt service coverage numbers used in the other reports required by this Agreement, delivered to the Master Servicer with each annual operating statement for a Mortgaged Property pursuant to Section 3.12(b).

Examples of NOI Adjustment Worksheet in a sentence

• The Sub-Servicer shall electronically deliver to the Master Servicer in Microsoft Excel format promptly upon completion, and in any event, at least five (5) Business Days before Master Servicer must deliver or make available such reports, statements and files under the Pooling and Servicing Agreement, each CREFC® NOI Adjustment Worksheet and CREFC® Operating Statement Analysis Report.

• The Master Servicer (but not the Primary Servicer under the Primary Servicing Agreement) shall electronically deliver the CMSA Operating Statement Analysis Report, the operating statements, rent rolls, property inspections and NOI Adjustment Worksheet for each Mortgage Loan to the Operating Adviser using the ARCap Naming Convention.

• Additionally, the Servicer shall deliver the CREFC® Operating Statement Analysis Report and CREFC® NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Servicer shall have no obligation to update such reports except as set forth in the immediately preceding paragraphs, and no analysis or update shall be required to the extent such analysis or update is not required to be provided under the then-current applicable CREFC® guidelines.

• Additionally, the Servicer shall deliver the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Servicer shall have no obligation to update such reports except as set forth in the immediately preceding paragraphs, and no analysis shall be required to the extent such analysis or update is not required to be provided under the then-current applicable CREFC® Guidelines.

• The applicable Master Servicer shall prepare and maintain a CREFC® Operating Statement Analysis Report and a CREFC® NOI Adjustment Worksheet with respect to each Mortgaged Property that secures a Serviced Mortgage Loan and the applicable Special Servicer shall prepare and maintain a CREFC® Operating Statement Analysis Report and a CREFC® NOI Adjustment Worksheet with respect to each Administered REO Property, in each case in accordance with the provisions described below.

More Definitions of NOI Adjustment Worksheet

NOI Adjustment Worksheet format substantially in the form of and containing the information called for therein for the Mortgage Loans, a current form of which is attached hereto as Exhibit M-11, or such other form for the presentation of such information as may be approved from time to time by the CMSA for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in addition to that called for by the form of the "CMSA NOI Adjustment Worksheet" available as of the Closing Date on the CMSA website, is reasonably acceptable to the Servicer or the Special Servicer, as applicable.

NOI Adjustment Worksheet. A report substantially in the form of, and containing the information called for in, the downloadable form of the "NOI Adjustment Worksheet" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be promulgated as recommended by the CMSA for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in addition to that called for by the form of the "NOI Adjustment Worksheet" available as of the Closing Date on the CMSA Website, is acceptable to the Master Servicer or the Special Servicer, as applicable.

NOI Adjustment Worksheet. A report prepared by the Special Servicer, with respect to each Specially Serviced Mortgage Loan and REO Loan and by the Master Servicer with respect to each other Mortgage Loan or, if applicable, Loan Pair, substantially containing the content described in Exhibit R attached hereto, presenting the computations made in accordance with the methodology described in Exhibit R to "normalize" the full year net operating income and debt service coverage numbers used in the other reports required by this Agreement and in accordance with the most recent CMSA standards, as such standards may change from time to time.

NOI Adjustment Worksheet. A report prepared by the Master Servicer or the Special Servicer, as the case may be, substantially containing the content described in Exhibit H-8 attached hereto, presenting the computations made in accordance with the methodology described in such Exhibit H-8 to "normalize" the full year net operating income and debt service coverage numbers used in the other reports required by this Agreement, sent to the Trustee with each annual operating statement for a Mortgaged Property pursuant to Section 8.14(d).

NOI Adjustment Worksheet means a report prepared by the Master Servicer or the Special Servicer, as the case may be, substantially containing the content described in Exhibit H-8 attached hereto, presenting the computations made in accordance with the methodology described in such Exhibit H-8 to "normalize" the full year net operating income and debt service coverage numbers used in the other reports required by this Agreement, sent to the Trustee with each annual operating statement for a Mortgaged Property pursuant to Section 8.14(d).

NOI Adjustment Worksheet means a worksheet substantially in the form of Exhibit P.

NOI Adjustment Worksheet. A report prepared by the Master Servicer (based upon operating statements, rent rolls, written reports and data fields collected or prepared by the Special Servicer pursuant to Section 3.12(b) and furnished to the Master Servicer by the Special Servicer in the case of Specially Serviced Mortgage Loans) substantially containing the content described in Exhibit K attached hereto, presenting the computations made in accordance with the methodology described in said Exhibit K to "normalize" the full year end of annual Net Operating Income and debt service coverage ratio numbers used in the other reports required by this Agreement, sent, upon request, to the Trustee with a hard copy (or imaged copies) of each annual operating statement and related rent roll, if available, for a Mortgaged Property or REO Property pursuant to Section 4.02(b).