Property Revaluation Clause Samples
The Property Revaluation clause establishes the process by which the value of a property is periodically reassessed during the term of an agreement. Typically, this involves appointing an independent appraiser or using a mutually agreed-upon method to determine the current market value at set intervals or upon certain triggering events, such as lease renewal or sale. This clause ensures that financial terms tied to the property's value, such as rent adjustments or purchase options, remain fair and reflective of current market conditions, thereby preventing disputes and maintaining equity between the parties.
Property Revaluation. The Capital Accounts shall be adjusted to reflect a revaluation of Partnership property to its fair market value on the date of adjustment upon the occurrence of any of the following events:
5.3.1 an increase in any new or existing Partner's Partnership Percentage resulting from the contribution of money or property by such Partner to the Partnership including a conversion of debt into Partnership interests,
5.3.2 any reduction in a Partner's Partnership Percentage resulting from a distribution to such Partner in consideration of all or part of his Partnership interest, unless such distribution is pro rata to all Partners in accordance with their respective Partnership Percentages, and
5.3.3 whenever else allowed under Regulations Section 1.704-1(b)(2)(iv)(f). The adjustments to Capital Accounts shall reflect the manner in which the unrealized Net Profit or Net Loss inherent in the property would be allocated if there were a disposition of the Partnership's property at its fair market value on the date of adjustment.
Property Revaluation. 14 5.4 Interpretation..................................................... 14 5.5 Obligation to Repay or Restore..................................... 14 5.6
Property Revaluation. The Group reassesses the fair value of its investment properties as at each half year and year end balance sheet dates. Although fair value gains or losses do not change the Group’s cash position as long as the relevant investment properties are held by the Group, any major or extended decline in property values may result in an accounting loss for the Group and hence increase the Group’s gearing, which may constrain its ability to access additional financing in the future.
Property Revaluation. The Company shall revalue the Company Property at the election and in the discretion of the Board, in which case the Company shall take all steps necessary to accomplish such revaluation, including, but not limited to, the maintenance of appropriate books and records, the adjustment of Capital Accounts in accordance with section 1.704-1(b)(2)(iv)(g) of the Regulations, and the determination of allocations for income tax purposes in accordance with section 1.704-1(b)(2)(iv)(f)(4) of the Regulations.