Forced Sale Value definition
Examples of Forced Sale Value in a sentence
If the term of this Agreement is extended beyond such initial one (1) year term as provided in Section 3(a) hereof, the Forced Sale Value of the Interests shall be determined annually by an independent third-party appraiser selected by the Issuer.
For purposes of this Agreement and the Indenture, the Forced Sale Value of the Interests during the initial one (1) year term of this Agreement is deemed to be $_______________.
Trustee shall attempt to maximize the purchase price of the Interests (the "Purchase Price") as directed in writing by the Affiliate, provided, however, that the Trustee may not sell the Interests for less than ____________'s pro rata share of the appraised fair market value of the Property (without any discounts) (the "Forced Sale Value") unless it is directed to do so by the holders of a majority in aggregate principal amount of the Bonds at the time Outstanding.
For purposes of this Agreement and the Indenture, the Forced Sale Value of the Interests during the initial one (1) year term of this Agreement is deemed to be $4,986,386.00.
Trustee shall attempt to maximize the purchase price of the Interests (the "Purchase Price") as directed in writing by the Affiliate, provided, however, that the Trustee may not sell the Interests for less than GKPII's pro rata share of the appraised fair market value of the Property (without any discounts) (the "Forced Sale Value") unless it is directed to do so by the holders of a majority in aggregate principal amount of the Bonds at the time Outstanding.