Minimum Return Price definition
Minimum Return Price with respect to the sale, Taking or release of all or any portion of the Property, the greater of (i) or (ii) calculated as follows:
Minimum Return Price. For purposes of calculating the values in (a) and (b) of this subsection (ii), each Lease Year shall be deemed to consist of 360 days and four 90-day quarters; and";
Examples of Minimum Return Price in a sentence
Upon the sale of any portion of the Property pursuant to the provisions of any of the Option Agreements, the proceeds from such sale (less costs, fees and expenses incurred by Lessor and Lessee in connection therewith) shall be paid (i) first, to Lessor in an amount up to and including the greater of the Minimum Return Price or the Make-Whole Price applicable to the portion of the Property sold, and (ii) the balance, if any, of such proceeds shall be paid to Lessee.