Partial Release Price means (i) for any individual Partial Project Release Parcel the subject of a Partial Project Release, one hundred ten percent (110%) of the allocated loan amount for such Partial Project Release Parcel, as determined by Lender upon receipt of an Appraisal pursuant to Section 2.12, or (ii) for multiple Partial Project Release Parcels the subject of simultaneous Partial Project Release, one hundred ten percent (110%) of the aggregate the allocated loan amount for all such Partial Project Release Parcel, as determined by Lender upon receipt of an Appraisal pursuant to Section 2.12.
Partial Release Price has the meaning assigned in Section 2.18(a)(ix).
Partial Release Price means the highest of the following amounts: (i) 125% of the Allocated Loan Amount for Release Property; (ii) the amount that, after giving effect to the Partial Release, would result in a minimum Debt Service Coverage Ratio of 1.35:1, and (iii) in the event that the Release Property is being to a third party unaffiliated with Borrower or Guarantor, an amount equal to 85% of the gross sales price of the Release Property in such transaction.
Examples of Partial Release Price in a sentence
Each principal reduction payment may be satisfied through the payment of the Partial Release Price, as set forth in Section 18 of the Loan Modification Agreement.
SGCamden residents enjoy access to good quality educational opportunities.
The Partial Release Price will be equal to the amount shown on Lender's records to be the outstanding principal balance of the Loan attributable to the Vacant Lot or House requested to be released plus all accrued but unpaid interest thereon.
Payment to Lender of the Partial Release Price (as defined in Section 10.2 below) applicable to the Vacant Lot or House requested to be released.
Borrower shall pay to Administrative Agent, for the account of Lenders, an amount equal to the Partial Release Price, plus the interest accrued thereon through the date such payment is made, plus the pro rata portion of any applicable Libor Breakage Amount required and calculated on the Partial Release Price.(b) Partial Release Principal Reduction Payment.
More Definitions of Partial Release Price
Partial Release Price has the meaning set forth in Section 10.03 of this Loan Agreement.
Partial Release Price means, for each closing of a Lot or Lots under a Lot Sale Contract and Borrower’s request for Lender’s release of its Lien against such Lot or Lots, the sales price for such Lot set forth in such Lot Sale Contract, less the following reductions: (x) any credit to the Purchase Price resulting from the application of Earnest Money, if any, to the Purchase Price pursuant to the applicable Lot Sale Contract, and (y) any other closing expense shown on the settlement statement that is approved by Lender’s prior written consent to be deducted from the release price that would otherwise be due to Lender.
Partial Release Price means an amount equal to the aggregate Allocated Loan Amount for both the Portland Gateway Project and the Salem Applewood Project.
Partial Release Price means, (a) with respect to each Individual Property, an amount equal to the product of (i) the Allocated Loan Amount for such Individual Property and (ii) the Partial Release Factor and (b) with respect to each Release Parcel, (i) if such Release Parcel was valued such that it represents a portion of the appraised value shown in the Appraisal most recently delivered to or obtained by Administrative Agent in respect of the related Individual Property attributable to such Release Parcel, an amount equal to the product of (x) the pro rata portion of the value of such Individual Property attributable to such Release Parcel, which such value shall be allocated to the Release Parcel in accordance with relative gross leaseable area and (y) the Partial Release Factor corresponding the related Individual Property and (ii) if such Release Parcel was not so valued, then zero.
Partial Release Price has the meaning assigned in Section 2.17(a)(vii). “Participant” has the meaning assigned in Section 11.3(d).
Partial Release Price means the portion of the Maximum Loan Amount allocated to the following portions of the Property as set forth below: Release Property Partial Release Price Delavan, WI $3,728,498.00 Houma, LA $4,022,018.00 Kokomo, IN $3,173,190.00 Lubbock, TX $4,125,146.00 Salisbury, NC $3,776,096.00 San Antonio, TX $7,536,325.00 Sulphur, LA $3,553,972.00 Whiteville, NC $3,934,755.00
Partial Release Price means, for each closing of a Lot or Lots under a Lot Sale Contract and Borrower’s request for Lender’s release of its Lien against such Lot or Lots, the greater of (i) $35,000 per Lot, (ii) all net proceeds paid to Borrower for the Lot or Lots being acquired by the Lot Purchaser, after giving effect to the following reductions: (x) any credit to the Purchase Price resulting from the application of Earnest Money, if any, to the Purchase Price pursuant to the applicable Lot Sale Contract, and (y) any other expense at closing that is approved by Lender in writing to be deducted from the net proceeds that would otherwise be due to Lender.