Value of Property. The value of the Property (real property replacement cost) is not less than $10,500,000.
Value of Property. At any judicial or other sale of the Property, the ----------------- purchase price paid for the Property by Mortgagee or any other purchaser shall be conclusive evidence of the value of the Property and Mortgagee shall have an absolute right to obtain a deficiency judgment of all amounts due under the Secured Obligations in excess of the amount of such purchase price. Mortgagor waives the right to contest the value of the Property through appraisals or otherwise. ARTICLE 7: MISCELLANEOUS 7.1
Value of Property. Bxxxxxxx and the Company agree that for the purposes hereof, the value of the Property is $200,000. The contribution of the Property in exchange for the Shares is intended to qualify as a tax free transaction under Section 351 of the Internal Revenue Code of 1986, as amended.
Value of Property. County and Company recognize that a substantial portion of the appraised value of the Property is due to the availability of water and sewer lines that County has committed to build. Said lines will serve properties other than the Property to be conveyed to Company, and the County affirmatively represents that it would have constructed said water and sewer lines regardless of this Agreement, and that the requirement for reconveyance of the Property will fully reimburse County for expenses incurred by it for installation of the water and sewer lines, to the extent that said expenses are allocable to the Property.
Value of Property. With respect to the first Construction Advance for each Property, the sum of (i) the Acquisition Date Advance made with respect to such Property and (ii) the Estimated Improvement Costs for such Property, shall not be less than $5,000,000, unless mutually agreed to by the Lessor and the Guarantor..
Value of Property. For purposes of this ARTICLE IV, the value of all property paid or distributed to any Partner shall be the Fair Market Value of such property on the date of payment or distribution.
Value of Property. Do or suffer to be done any act whereby the value of any part of the Real Property could reasonably be expected to be reduced below the appraised value of the Real Property as of the date hereof.
Value of Property. Purchaser has obtained broker price opinions of the value of the Property or Purchaser has undertaken such other investigation of the value of the Property as it deems appropriate and confirms by this Agreement that the Purchase Price is acceptable.
Value of Property. At any judicial or other sale of the Property, the ----------------- purchase price paid for the Property by Beneficiary or any other purchaser shall be conclusive evidence of the fair market value of the Property and Beneficiary shall have an absolute right to obtain a deficiency judgment of all amounts due under the Secured Obligations in excess of the amount of such purchase price. Trustor waives the right to contest the fair market value of the Property under any applicable law, through appraisals or otherwise. ARTICLE 7: MISCELLANEOUS 7.1
Value of Property. The full value of the building and other improvements to be insured hereunder shall be determined by the company issuing the insurance policy.
