Annual Valuation Report definition

Annual Valuation Report means a report regarding the market value of the Properties which shall be prepared in connection with the expiry of each financial year by Newsec or any other reputable independent property advisor acceptable to the Agent.
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Annual Valuation Report shall have the meaning ascribed to such term in Section 3.2A hereof.
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Annual Valuation Report means a valuation report prepared by an Approved Appraiser, stipulating the market value at such time of all the Real Estate Holdings, and so that where real estate assets are owned by a Group Company (other than the Issuer), the valuation shall be made on the shares in that Group Company and adjusted to reflect the direct value and any excess value (Norwegian: “ merverdi”) of that Group Company's real estate assets.
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Examples of Annual Valuation Report in a sentence

  • Thereafter, the annual required contribution will be determined by subsequent CalPERS Annual Valuation Report for that fiscal year.

  • Not withstanding the above, City shall provide to the leadership of the MPOA a copy of the Annual Valuation Report that City receives related to the Safety and/or Miscellaneous Employees’ or Employer’s CalPERS retirement contributions within two weeks of receipt thereof.

  • For FY 17/18 the most recent Annual Valuation Report was as of June 30, 2015.

  • In addition, the contribution amounts will be based on the City Actuary’s review of most recent CalPERS Annual Valuation Report.

  • Unless negotiations are opened earlier, City and MPOA agree to open negotiations within a reasonable time after City’s receipt of the Annual Valuation Report showing that the Employer’s share of the retirement costs is going to increase in the next fiscal year.

  • Employees participating in the PERS 2.0% @ 60 formula will pay 50% of the total normal cost as determined by the CalPERS Annual Valuation Report.

  • Employees participating in the PERS 2.5% @ 55 formula will pay 50% of the total normal cost as determined by the CalPERS Annual Valuation Report.

  • Employees participating in the PEPRA PERS formula of 2.0% @ 62 (2.5% @ 67) will pay 50% of the total normal cost as determined by the CalPERS Annual Valuation Report.

  • The Parties agree that the “walk-away” discount rate shall be 1% above the rate identified by CalPERS as the discount rate assumption used for termination valuations in the most recent Annual Valuation Report for the Safety Plan of the Alameda County Fire Department preceding the Separation date.

  • The Parties’ respective shares shall be adjusted (a) annually based upon the CalPERS Annual Valuation Report, (b) whenever either Party makes an ADP, and (c) when a Party requests, and the other Party agrees, to make an adjustment based on ▇▇▇▇▇▇▇’s interim investment results using ▇▇▇▇▇▇▇’s spreadsheet or other tool provided by CalPERS.