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This excerpt taken from the MAC 8-K filed Jun 12, 2009. Sales Per
Square Foot Growth means the increase in the average sales per square
foot of leased space by retailers leasing mall and freestanding stores with
10,000 square feet or less (excluding theaters) that occupied their space
during the entire year or other applicable period over the average sales per
square foot of leased space by such retailers that occupied their space for the
entire preceding year or other preceding applicable period, as reported to the
Committee for inclusion in the Corporation’s reports to the SEC for the
applicable periods.
Except as otherwise expressly provided, all financial terms are used as defined under Generally Accepted Accounting Principles (GAAP) and all determinations shall be made in accordance with GAAP, as applied by the Corporation in the preparation of its periodic reports to stockholders.
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