Open Market Valuation definition
Open Market Valuation means the valuation of the price properly obtainable for the Dwelling (and assuming no restriction on use as Affordable Housing) on a sale at arms’ length of the freehold or a long leasehold interest ( as applicable) of it as would be achieved if on the open market ( without restrictions on price or occupation) between a willing vendor/lessor and willing purchaser/lessee with vacant possession and free of any subleases or other encumbrances after proper marketing wherein the parties had acted knowledgeably prudently and without compulsion
Open Market Valuation means a valuation of a Property in form and substance satisfactory to the Facility Agent prepared and issued by the Valuer and addressed to the Senior Finance Parties valuing the relevant Obligor’s interests in that Property:
Open Market Valuation means the open market value of the Subjects or relevant part thereof as specified in the notice at the date of the notice served in accordance with clause 9.5, with the benefit of and subject to the necessary consents and all agreements entered into with the local Planning Road [sic], Water or other Authority or service provider relative to the Subjects and making due and proper allowance for the costs of remedying any adverse ground conditions, any off site infrastructure or planning gain contributions to be made in terms of any of the necessary consents or the aftermentioned agreements and the costs of completing any access road within or serving the Subjects to adoptable standard.