Maximum Distribution. As of the end of the fiscal quarter immediately preceding the Initial Advance (and as of the end of each fiscal quarter thereafter), at no time that the Loan is outstanding shall Guarantor’s and PGRT’s aggregate maximum distribution for the most recent four (4) full fiscal quarters prior to the date of determination to their common shareholders and unit holders, as applicable, exceed 90% of PGRT’s Funds From Operations.
Appears in 3 contracts
Sources: Guaranty of Interest and Operating Costs and Indemnity (Prime Group Realty Trust), Guaranty of Loan Payment and Indemnity (Prime Group Realty Trust), Guaranty of Completion and Indemnity (Prime Group Realty Trust)