Agreed Equity Value definition
Examples of Agreed Equity Value in a sentence
The aggregate purchase price for the Interests shall be the amount of the Agreed Equity Value set forth on Schedule A hereto, as the same may be adjusted pursuant to the provisions of the Master Agreement (such adjusted amount, the “Purchase Price”).
The “Computed Value” will be the amount that the Partner would receive if the Partnership were liquidated pursuant to Article Six (including distributions to the Partner and payments of outstanding debts and liabilities owed by the Partnership to the Partner) and the total liquidation proceeds to the Partnership were equal to the Agreed Equity Value.
RRF will contribute to the Operating Partnership, in exchange for its general partnership interest therein, an amount of its cash and/or other property in such proportion to its total assets as the Agreed Equity Value of the Hotels contributed to the Operating Partnership bears to the ISH Portfolio Value (such proportion, the "Partnership Hotel Percentage").
The Corporate Hotel Company that owns the Flagstaff, Arizona Hotel will receive such number of RRF Shares as shall equal the Agreed Equity Value of such Hotel DIVIDED BY five (5); the Corporate Hotel Company that owns the Scottsdale, Arizona Hotel will receive such number of RRF Shares as shall equal the Agreed Equity Value of such Hotel, MINUS the principal amount of the promissory note referred to in the preceding sentence, DIVIDED BY five (5).
On the Effective Date, each Convertible Noteholder will purchase (pro rata based on such Convertible Noteholder’s percentage ownership of Convertible Notes or as otherwise mutually agreed among the Convertible Noteholders, in each case as reflected on the commitment schedule attached hereto as Schedule 1) its committed portion of an aggregate of $28 million in new common equity of Newco at a discount of 35% to the Agreed Equity Value.