Acquisition Consideration. (a) The acquisition consideration to be paid by Kite Realty for the Partnership Interest (the "Acquisition Consideration") pursuant to an exercise of the Option under Section 2.1 shall be equal to the product of (x) 95% of the fair market value of the Property at the time, as determined in accordance with this Section 3.1 ("FMV"), less the Project Indebtedness, multiplied by (y) the Percentage Interest.
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Acquisition Consideration. (a) The acquisition consideration to be paid by Kite Realty for the Partnership Interest Property or any Portion thereof (the "“Acquisition Consideration"”) pursuant to an exercise of the Option under Section 2.1 shall be equal to the product lesser of (xi) 95Annualized NOI divided by 8.5% of or (ii) the fair market value of the Property (“FMV”) at the time, as determined in accordance with this Section 3.1 ("FMV")3.1, less of the Project IndebtednessProperty or the Portion, multiplied by (y) respectively, at the Percentage Interest.time; provided, however, that, with respect to the acquisition of a Portion of the Property, for purposes of this
Appears in 1 contract
Acquisition Consideration. (a) The acquisition consideration to be paid by Kite Realty for the Partnership Interest Property or any Portion thereof (the "Acquisition Consideration") pursuant to an exercise of the Option under Section 2.1 shall be equal to the product of (x) 95% of the fair market value of the Property or the Portion, respectively, at the time, as determined in accordance with this Section 3.1 ("FMV"), less the Project Indebtedness, multiplied by (y) the Percentage Interest.
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Acquisition Consideration. (a) The acquisition consideration to be paid by Kite Realty for the Partnership Interest Property or any Portion thereof (the "“Acquisition Consideration"”) pursuant to an exercise of the Option under Section 2.1 shall be equal to the product lesser of (xi) 95Annualized NOI divided by 8.5% of or (ii) the fair market value of the Property (“FMV”) at the time, as determined in accordance with this Section 3.1 ("FMV")3.1, less of the Project IndebtednessProperty or the Portion, multiplied by (y) respectively, at the Percentage Interest.time; provided, however,
Appears in 1 contract
