Capitalization Rate Clause Samples
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Capitalization Rate. The definition of “Capitalization Rate” set forth in Section 1.1 of the Credit Agreement is restated in its entirety to read as follows:
Capitalization Rate. The Capitalization Rate shall be 9.5%. Capitalized Leases. Leases under which the Borrower or any of its Subsidiaries or any Partially-Owned Entity is the lessee or obligor, the discounted future rental obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with GAAP. CERCLA. See §7.18.
Capitalization Rate. The Capitalization Rate shall be six and three-fourths percent (6.75%). Capital Reserve. For any period, an amount equal to $0.10 multiplied by the Net Rentable Area of the Buildings on the Real Estate.
Capitalization Rate. For purposes of this Agreement, the Capitalization Rate equals 7.7 percent. However, in the event that the federal DAC tax capitalization rate applicable to individual life insurance policies changes, the Capitalization Rate will change accordingly.
Capitalization Rate. The definition of “Capitalization Rate” in Section 1.1 of the Credit Agreement is hereby modified by reducing the rate for Medical Office/Office Properties to seven percent (7.0%) and reducing the rate for Other Properties to eight percent (8.0%).
Capitalization Rate. The Capitalization Rate shall be six and three-fourths percent (6.75%).
Capitalization Rate. With respect to any Stabilized Property owned or leased pursuant to a Ground Lease by Borrower or any of its Subsidiaries, an amount equal to eight and one-half percent (8.50%) (the “Primary Capitalization Rate”).
Capitalization Rate. For Real Estate located in the District of Columbia, seven percent (7.00%); for all other Real Estate, seven and three-quarters percent (7.75%).
Capitalization Rate. For purposes of calculating the value of any ------------------- Mortgaged Property, from time to time, including the value of any Mortgage Property for which a request for a substitution or release has been transmitted to Lender, the value of such Mortgaged Property shall be determined by capitalizing the Net Operating Income for the Trailing 12 Month Period at the capitalization rate utilized by ▇▇▇▇▇▇ Mae in the annual facility assessment most recent to the date of the proposed substitution or release. Once such values have been determined, if for any purpose, including that in Section 2(c)(3) of this Agreement, an amount of debt is allocated to each Mortgaged Property, such amount shall be allocated pro rata to each Mortgaged Property, in accordance with the respective values of such Mortgaged Properties determined by Lender, and the debt service shall equal a pro rata portion of the Facility Debt Service allocable to such debt.
Capitalization Rate. The rate of interest used to convert a series of future payments into a single present value.