Examples of FMV Option in a sentence
From and after the sale of the DST Interests hereunder, and until the Fee Limit (if any and as set forth in the Acceptance Letter attached hereto) has been reached in the event that the FMV Option is exercised, the Dealer Manager will pay to Participating Dealer during the term of the Participating Dealer Agreement all or a portion of the DST Investor Servicing Fee that will be paid monthly and the OP Unit Investor Servicing Fee that will be paid monthly.
The Extended Term FMV Option Notice must be accompanied by an appraisal showing the FMV of each of the Projects, prepared by an appraiser who is both a member of the American Institute of Appraisers and actively engaged in the appraisal of real property in the area where each such Project is located.
Upon exercise of an Extended Term FMV Purchase Option, the purchase shall be consummated on the Extended Term FMV Purchase Option Closing Date specified in the Extended Term FMV Option Notice.
If Tenant shall exercise its Purchase Option or its FMV Purchase Option pursuant to the Master Lease, then upon payment by Tenant to Lender of the Option Purchase Price or of the FMV Option Price, as applicable, and compliance by Owner with the provisions of Section 2.20 or Section 2.9, as applicable, in connection therewith, Lender shall release its interest in the related Mortgaged Property to Owner or by delivery thereof directly to Tenant pursuant to Section 2.27.
The "Extended Term FMV Option Price" shall be equal to the aggregate of the respective FMV of each Project subject to this Lease on the date of the conveyance of the Projects pursuant to the Extended Term FMV Purchase Option.
The "Fixed FMV Option Amount" shall be equal to the aggregate of the respective amounts set forth in Schedule J with respect to each Project subject to this Lease on the date of the conveyance of the Projects pursuant to the FMV Purchase Option.
The FMV Purchase Option may only be exercised by delivery during a FMV Option Exercise Period from Tenant to Landlord and Lender of written notice (the "FMV Option Notice") of the exercise of such FMV Purchase Option which irrevocably specifies a Payment Date occurring no earlier than February 1, 2018 upon which the purchase shall occur (the "FMV Purchase Option Closing Date").
Upon payment of the Extended Term FMV Option Price and all other costs and expenses required to be paid by Tenant as outlined in Section 3.1, and upon satisfaction of the other requirements set forth in Section 3.1 with respect to the purchase of the applicable Projects by Tenant, this Lease shall terminate.
Upon exercise of the FMV Purchase Option, the purchase shall be consummated on the FMV Purchase Option Closing Date specified in the FMV Option Note.
If Borrower designates a Property that is owned by an Exchange Property Owner to be included as an Unencumbered Property following the exercise of the FMV Option, then the Subsidiary Owner of the Exchange Beneficial Interests shall execute a joinder to the Subsidiary Guaranty and shall be a Subsidiary Guarantor, but only for so long as such Property remains an Unencumbered Property.