Useful Life and Residual Value Sample Clauses

Useful Life and Residual Value. To the Knowledge of RIDA as of the Commencement Date, based in part upon an analysis performed by a nationally-recognized third- party advisory firm, immediately following the date which is 37 years from the Commencement Date, (i) the Convention Center is reasonably expected to have a remaining useful life of at least 33 years and (ii) the fair market value of the Convention Center is reasonably expected to exceed $187,900,000 (without including in such value any increase or decrease for inflation or deflation during the Term). For purposes of this Section 2.1(d), “Knowledge of RIDA” shall mean the actual knowledge of Xxxx Xxxxxxxx.
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Related to Useful Life and Residual Value

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