Increase in Value definition

Increase in Value means the difference between the Appraised Value of a property at the time of funding a Mortgage Loan and the Appraised Value of such property (or the fair market value of the consideration received in the case of a sale) upon the earlier of the maturity of the Mortgage Loan or the sale or refinancing of the collateral property, net of the actual cost incurred in connection with the improvement of the collateral property since the date of the funding of the Mortgage Loan. For purposes of this definition, the phrase "actual cost incurred" shall refer to all costs paid by the Borrower to Affiliated and Non-Affiliated parties in connection with the acquisition, holding, ownership, or development or improvement of the property, including without limitation, costs of acquiring and financing the property.
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Increase in Value means the amount determined at December 31st for each year of the Annual Bonus Plan by the formula:
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Increase in Value means the increase in value of the Property upon a Disposal between the Acquisition Price of the Property and the Open Market Value of the Property on such a Disposal as at the Relevant Date; Declaring that where the Increase in Value is to be calculated in respect of a Disposal of less than the whole of the Property, such increase shall be calculated on a fair and equitable basis having regard to the Open Market Value of the part or parts of the Property which are subject to the Disposal and using a fair and equitable apportionment of the Acquisition Price;
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Examples of Increase in Value in a sentence

  • For purposes of this Agreement, a “Decrease in Pre-Closing Value” shall mean any decrease in the value of the Companies as of the Closing Date, if any, as determined in good faith by Buyer and Parent prior to Closing, which for purposes of this Agreement shall be deemed to equal (a) [****] (b) the amount (if any) by which the January 31 Shortfall (if any) exceeds the Subsequent Increase in Value (if any).

  • The defaulting Party will pay all of the other Party's costs (including reasonable attorney's fees and court costs) of collecting past due payments and late payment charges, whether or not suit is brought.

  • Some official standards simply indicate that amortization must be recorded over the useful life of the asset; others meanwhile require amortization over the useful life, up to an upper limit (5, 20 or 40 years) (see table 6 below).Table 6 - Treatment of Decrease and Increase in Value Countries and Organizations 4 I = Other intangible assets; R = R&D costs; G = Goodwill.

  • With this result, it is estimated that the Increase in Value Due to the Increase in Volume is C$ 130 598 016.85, while the Decrease in Value Due to the Decrease in Price is C$ 12 979 224.46.

  • On the Closing Date, the increase in the value of the Preferred Shares since June 30, 2007, shall be determined by multiplying $70,547,000 x 0.08, thus: [ ] number of elapsed days $70,547,000 x .08 X between June 30, 2007 = Increase in Value 365 and the Closing Date This Increase in Value shall be added to $70,547,000 and the total shall be multiplied by 90% to arrive at the Purchase Price.

  • Increased product variety Smart information useImproved OH&S Performance and skills Increase in Value Adding ProductsSafer, healthier and Better Quality Meats Maintaining Level 1 Biosecurity.

  • Increase in Value Added for Consumer-Driven Industries in Northeast Ohio, FY 2013 41Figure 13.

  • The aggregate annual bonus amount (the "Annual Bonus") for each year shall be equal to two and three/quarters percent (2.75%) of the Increase in Value for such year.

  • Notary Public Tax Levy: 2.0059370% Interest Rate: 3.50% Number of Years: 15 2019 Assessed Property Value $1,582,300 Total Value of Completed Project: $4,205,910 Increase in Value: $2,623,610 Total annual Taxes on Completed Project: $84,368 Increase in annual Taxes: (at 3.5% interest rate over 15 years) Administration Fee $ 5500 Bond Counsel $ 7,500 Site Acquisition $ 537,000 Alley & ROW Imp.

  • The following tax stabilization guidelines shall apply to applicants who meet the criteria contained herein and is granted tax stabilization pursuant to this subsection: Percent of Increase in Value Exempt from TaxationYear 1100Year 2100Year 3100Year 490Year 580Year 670Year 760Year 850Year 940Year 1030Year 1120Year 1210Year 130 Sec.


More Definitions of Increase in Value

Increase in Value means the positive difference between (i) the appraised value of the Development Property, as reflected in a third party MAI-certified appraisal as of a date no more than ten (10) days prior to the date of issuance of the final certificate of occupancy for the Development Property, and (ii) the value of the Initial Preferred Shares and the Adjustment Preferred Shares (as defined below) plus the amount of debt encumbering the Development Property as of such date.
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Related to Increase in Value

  • Increase Amount is defined in Section 2.3(a).

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Increase Date has the meaning specified in Section 2.18(a).

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including the last day of the third full calendar month following the Closing Date, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: I > 50% of the Maximum Revolver Amount 0.375 percentage points II ≤ 50% of the Maximum Revolver Amount 0.50 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by Agent.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Available Incremental Amount has the meaning set forth in Section 2.14(d)(v).

  • Increase Effective Date has the meaning specified in Section 2.14(d).

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Applicable Commitment Fee Rate means:

  • Increased Amount Date shall have the meaning provided in Section 2.14(a).

  • Applicable L/C Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 3.08(a) hereof as set forth in the Pricing Schedule.

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one-half of one percent (0.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Applicable Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as Schedule 1.1.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Increase Lender has the meaning given to that term in Clause 2.2 (Increase).

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.