Income Approach Sample Clauses

Income Approach. (1) The income approach, when utilized, shall be implemented by calibrating and applying valuation models as follows: (a) Investigate and qualify, with documented analysis, market data, which may include but not be limited to: rental income; expenses; vacancy; and, capitalization rates for: residential, commercial, industrial and any other special use property; (b) Describe property specific characteristics; (c) Document statistical testing for the income valuation models to known sales of similar properties; (d) Create valuation models consisting of market data based upon: (i) Defined descriptions and specifications based upon property type; and, (ii) Quality and size of the improvements; and, (e) Document the calibration of all income approach valuation tables and models.
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Income Approach. Consideration of the income approach to value will be made when the income or potential income generated by the real estate is deemed likely to affect the property’s resale value. Data to be analyzed will include economic rents, typical vacancy rates and typical operation expense ratios. In the valuation of property by the income approach, adequate records will be prepared, showing a reconstruction of income and expenses, as well as all calculations used to arrive at market value, including formulas and capitalization rates as appropriate to the type of property being appraised.
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Income Approach. The purpose of the income approach is to value an income-producing property by analyzing likely future income and expenses to the property. Xxxxxxx & Wakefield employed a direct capitalization analysis on each of the Properties by dividing a forecast of NOI by an appropriate capitalization rate, which Xxxxxxx & Xxxxxxxxx believed to be 9.75% for the Century II Apartments and 9.25% for the Park Place Tower Apartments. Capitalization rates are extracted from comparable market sales as an indication of value. Xxxxxxx & Wakefield relied on a variety of sources as the basis of the forecast of NOI, including an analysis of each Property's income and expenses based on historical figures and comparable projects. In its income approach, Xxxxxxx & Xxxxxxxxx first examined the potential gross income ("PGI") for the Park Place Tower Apartments, which includes apartment rental collections, retail/commercial rental collections, parking revenues and other income. Combining the expected revenues generated by these various components resulted in an annual estimated gross potential income of $12,139,488 for the Park Place Tower Apartments in 1999 compared with a PGI of $10,996,240 in 1996, $11,180,834 in 1997 and $11,780,643 in 1998. Between 1996 and 1997, Park Place's PGI increased 1.68%, while between 1997 and 1998, PGI grew by 5.36%. Xxxxxxx & Wakefield's estimate represent a 3.05% increase over the 1998 achieved PGI, a figure near, but slightly below the mid-point of the demonstrated growth rates. In addition, the Partnership reflects a budgeted PGI in 1999 of $12,099,168. Based on historical collections, the indicated annual growth rates and the Partnership's projected figure, Xxxxxxx & Wakefield believed their PGI estimate of $12,139,488 was reasonable and supported by operations at Park Place. Xxxxxxx & Xxxxxxxxx then calculated Park Place's effective gross income ("EGI") by addressing a vacancy and collection loss factor, income lost to non-revenue units and any concessions which may or may not be relevant. Once the EGI were established, operating expenses were stabilized and deducted from the EGI in order to arrive at a NOI for Park Place. Xxxxxxx & Xxxxxxxxx deducted an estimated vacancy and collection loss of $595,724 and $119,145, respectively, and an estimated concession charge of $50,000 plus the lost income associated with non-revenue producing units of $61,692 from the previously established PGI of $12,139,488, and arrived at an estimated EGI of $11,312,927 ...
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Income Approach. The income approach, when utilized, shall be implemented by calibrating and applying valuation models as follows:
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Income Approach. Under this method, the appraiser derives a value indication for an income- producing property by converting its anticipated benefits (cash flows and reversion) into property value. This conversion can be accomplished in two ways. One year’s income expectancy can be capitalized at a market-derived capitalization rate or at a capitalization rate that reflects a specified income pattern returns on investment and change in the value of the investment. Alternatively, the annual cash flows for the holding period and the reversion can be discounted at a specified yield rate. The Income Approach method of valuation may only be used for Agency Non- Program Properties such as Real Estate Owned (REO) or Non-Program Loan Assumptions. USPAP Standards Rule 2-2 (a) (viii) require the appraisal report to summarize the information analyzed, the appraisal methods and techniques employed, and reasoning that supports the analyses, opinions, and conclusions; and also, exclusion of the sales comparison approach, cost approach, or income approach must be explained.
Sample 1
Income Approach. The income approach is the most widely used and, in our opinion, generally the most reliable approach to valuing transactions similar to the purchase of Park. Other clients have relied upon the income approach, primarily, in its prior purchases of similar utilities. PFM will develop a cash flow pro forma over a 30 year period, income statement and balance sheet for Park. The pro forma provides the foundation for estimating the value of Park in the proposed transaction.
Sample 1
Income Approach. Discounted Cash Flow Analysis. Taking into account various factors including, but not limited to, Xxxxxxxxxx’x recent performance, the current banking environment and the local economy in which Touchstone operates, and in consultation with and based on information provided by the managements of First National and Touchstone of the net income and after-tax cost savings estimates for Touchstone over a forward looking five year period, the forward-looking projections and key assumptions which formed the basis for the discounted cash flow analyses were developed by Xxxxx. The resulting projections estimated Touchstone’s net income plus after-tax cost savings used for the analysis to be $3.2 million for 2024, $9.0 million for 2025,
Sample 1
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Income Approach. The discounted cash flow (DCF) approach has been adopted for this income approach valuation, while free cashflow of the entity has been selected. The value of the entire equity interests is obtained indirectly through the valuation of the overall value of the entity. This valuation is based on free net cashflow of the entity for certain years in the future. The value of overall operating assets of the entity, calculated through adding up the discounted values with the adoption of an appropriate discount rate, is added to surplus assets and non-operating assets less interest-bearing liabilities in order to derive the value of the entire equity interests.
Sample 1
Income Approach. This approach to value may or may not be utilized by the Contractor during this statistical update. Given the short timing of this contract, Income and Expense forms and responses may not be returned in time to complete the final value presentation of July 15, 2020. Contractor will make best efforts to gain rental and expense information from local businesses. (1) The income approach, when utilized, shall be implemented by calibrating and applying valuation models as follows: (a) Investigate and qualify, with documented analysis, market data, which may include but not be limited to rental income; expenses; vacancy; and, capitalization rates for: residential, commercial, industrial and any other special use property; (b) Describe property specific characteristics; (c) Document statistical testing for the income valuation models to known sales of similar properties; (d) Create valuation models consisting of market data based upon: (i) Defined descriptions and specifications based upon property type; and, (ii) Quality and size of the improvements; and, (e) Document the calibration of all income approach valuation tables and models.
Sample 1

Related to Income Approach

  • Profitability The Board reviewed detailed information regarding revenues received by XXXX under the Agreement. The Board considered the estimated costs to XXXX, and pre-tax profits realized by XXXX, from advising the DWS Funds, as well as estimates of the pre-tax profits attributable to managing the Fund in particular. The Board also received information regarding the estimated enterprise-wide profitability of DIMA and its affiliates with respect to all fund services in totality and by fund. The Board and the Fee Consultant reviewed XXXX’s methodology in allocating its costs to the management of the Fund. Based on the information provided, the Board concluded that the pre-tax profits realized by XXXX in connection with the management of the Fund were not unreasonable. The Board also reviewed certain publicly available information regarding the profitability of certain similar investment management firms. The Board noted that, while information regarding the profitability of such firms is limited (and in some cases is not necessarily prepared on a comparable basis), DIMA and its affiliates’ overall profitability with respect to the DWS Funds (after taking into account distribution and other services provided to the funds by XXXX and its affiliates) was lower than the overall profitability levels of most comparable firms for which such data was available. Economies of Scale. The Board considered whether there are economies of scale with respect to the management of the Fund and whether the Fund benefits from any economies of scale. The Board noted that the Fund’s investment management fee schedule includes fee breakpoints. The Board concluded that the Fund’s fee schedule represents an appropriate sharing between the Fund and DIMA of such economies of scale as may exist in the management of the Fund at current asset levels.

  • Multi-Year Planning The CAPS will be in a form acceptable to the LHIN and may be required to incorporate (1) prudent multi-year financial forecasts; (2) plans for the achievement of performance targets; and (3) realistic risk management strategies. It will be aligned with the LHIN’s then current Integrated Health Service Plan and will reflect local LHIN priorities and initiatives. If the LHIN has provided multi-year planning targets for the HSP, the CAPS will reflect the planning targets.

  • MINISTRY/SCHOOL BOARD INITIATIVES ETFO will be an active participant in the consultation process to develop a Ministry of Education PPM regarding Ministry/School Board Initiatives.

  • Multi-year Planning Targets Schedule A may reflect an allocation for the first Funding Year of this Agreement as well as planning targets for up to two additional years, consistent with the term of this Agreement. In such an event, the HSP acknowledges that if it is provided with planning targets, these targets: a. are targets only, b. are provided solely for the purposes of planning, c. are subject to confirmation, and d. may be changed at the discretion of the Funder in consultation with the HSP. The HSP will proactively manage the risks associated with multi-year planning and the potential changes to the planning targets; and the Funder agrees that it will communicate any changes to the planning targets as soon as reasonably possible.

  • Tax Periods Beginning Before and Ending After the Closing Date The Company or the Purchaser shall prepare or cause to be prepared and file or cause to be filed any Returns of the Company for Tax periods that begin before the Closing Date and end after the Closing Date. To the extent such Taxes are not fully reserved for in the Company’s financial statements, the Sellers shall pay to the Company an amount equal to the unreserved portion of such Taxes that relates to the portion of the Tax period ending on the Closing Date. Such payment, if any, shall be paid by the Sellers within fifteen (15) days after receipt of written notice from the Company or the Purchaser that such Taxes were paid by the Company or the Purchaser for a period beginning prior to the Closing Date. For purposes of this Section, in the case of any Taxes that are imposed on a periodic basis and are payable for a Taxable period that includes (but does not end on) the Closing Date, the portion of such Tax that relates to the portion of such Tax period ending on the Closing Date shall (i) in the case of any Taxes other than Taxes based upon or related to income or receipts, be deemed to be the amount of such Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax period ending on the Closing Date and the denominator of which is the number of days in the entire Tax period (the “Pro Rata Amount”), and (ii) in the case of any Tax based upon or related to income or receipts, be deemed equal to the amount that would be payable if the relevant Tax period ended on the Closing Date. The Sellers shall pay to the Company with the payment of any taxes due hereunder, the Sellers’ Pro Rata Amount of the costs and expenses incurred by the Purchaser or the Company in the preparation and filing of the Tax Returns. Any net operating losses or credits relating to a Tax period that begins before and ends after the Closing Date shall be taken into account as though the relevant Tax period ended on the Closing Date. All determinations necessary to give effect to the foregoing allocations shall be made in a reasonable manner as agreed to by the parties.

  • Cash Basis and Budget Laws The right of the City to enter into this Agreement is subject to the provisions of the Cash Basis Law (K.S.A. 10-1112 and 10-1113), the Budget Law (K.S.A. 79-2935), and all other laws of the State of Kansas. This Agreement shall be construed and interpreted so as to ensure that the City shall at all times stay in conformity with such laws, and as a condition of this Agreement the City reserves the right to unilaterally sever, modify, or terminate this Agreement at any time if, in the opinion of its legal counsel, the Agreement may be deemed to violate the terms of such laws.

  • Gross Beta Flags A = Result acceptable, Bias <= +/- 50% with a statistically positive result at two standard deviations (Result/Uncertainty > 2, i.e., the range encompassing the result, plus or minus the total uncertainty at two standard deviations, does not include zero). N = Result not acceptable, Bias > +/- 50% or the reported result is not statistically positive at two standard deviations (Result/Uncertainty <= 2, i.e., the range encompassing the result, plus or minus the total uncertainty at two standard deviations, includes zero).

  • Alignment with Modernization Foundational Programs and Foundational Capabilities The activities and services that the LPHA has agreed to deliver under this Program Element align with Foundational Programs and Foundational Capabilities and the public health accountability metrics (if applicable), as follows (see Oregon’s Public Health Modernization Manual, (xxxx://xxx.xxxxxx.xxx/oha/PH/ABOUT/TASKFORCE/Documents/public_health_modernization_man ual.pdf): a. Foundational Programs and Capabilities (As specified in Public Health Modernization Manual) b. The work in this Program Element helps Oregon’s governmental public health system achieve the following Public Health Accountability Metric, Health Outcome Measure: c. The work in this Program Element helps Oregon’s governmental public health system achieve the following Public Health Accountability Metric, Local Public Health Process Measure:

  • Opportunities During his employment with the Company, and for one year thereafter, Executive shall not take any action which might divert from the Company any opportunity learned about by him during his employment with the Company (including without limitation during the Employment Term) which would be within the scope of any of the businesses then engaged in or planned to be engaged in by the Company.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

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