Property Allocation definition

Property Allocation means, with respect to any Real Property, an amount equal to the quotient of (a) the amount set forth across from the description of such Real Property on Annex E, divided by (b) the Cap Rate.
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Property Allocation has, in respect of each Purchaser, the meaning set forth in Section 3.7(a).
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Property Allocation means the amount of the Purchase Price allocated to each Property as set forth on Schedule 5 attached hereto.
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Examples of Property Allocation in a sentence

  • If such Purchaser so objects to the Property Allocation within such eight (8) day period, the Parties shall attempt to resolve their differences by negotiation prior to the Closing Date.

  • Within eight (8) calendar days after delivery of the Property Allocation by Seller to each Purchaser, each Purchaser may object in good faith to the Property Allocation in writing.

  • Seller shall include with the Estimated Closing Statement, or deliver to each Purchaser prior to delivery of the Estimated Closing Statement, Seller's proposed allocation of the Purchase Price to property included in the Purchased Assets (the "Property Allocation").

  • The Property Allocation shall be consistent with Code Section 1060 and the regulations thereunder ("Applicable Tax Law") and shall be prepared in a manner which facilitates Property Tax reporting and sales/use Tax reporting.

  • The Intellectual Property Allocation shall be completed immediately after the Initial Closing under the IL Stock Purchase Agreement, but prior to the Closing under the NAL Stock Purchase Agreement.

  • Such sales tax shall be determined under applicable sales tax law and based upon the Property Allocation determined in accordance with Section 3.7(a).

  • Siemens and EDIL, each on behalf of itself and its Affiliates, hereby agree and acknowledge that, upon execution of the assignments provided to GTE and its Affiliates GTE and its Affiliates shall have complied in all respects with the instructions provided herein and that the instructions provided herein are the only instructions given by such entities to GTE and its Affiliates in connection with the Intellectual Property Allocation.

  • To the extent any item of expense is incurred with respect to the entire Property, such expense shall be allocated to the Building and the Industrial Building in accordance with the Property Allocation, provided, however, no item of expense shall be included in Operating Expenses if it is incurred solely with respect to the Industrial Building or other improvements on the Property other than the Building.

  • In the event that Seller disagrees with Purchaser’s Real Property Allocation, Seller may, within five (5) days after delivery of Purchaser’s Real Property Allocation, deliver a notice to Purchaser to such effect, specifying those items as to which Seller disagrees and setting forth Seller’s proposed allocation with respect to those items.

  • Titlepoint Software Development & Property Allocation Agreement dated March 4, 2005 between Rocky Mountain Support Services, Inc.


More Definitions of Property Allocation

Property Allocation has the meaning set forth in Section 3.2.
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Related to Property Allocation

  • Regulatory Allocations shall have the meaning set forth in Section 6.3.A(viii).

  • Initial Allocation means the conditional setting aside by MBOH of HCs from a particular year’s federal LIHTC allocation to the state for purposes of later Carryover Commitment and/or Final Allocation to a particular Project, as documented by and subject to the requirements and conditions set forth in a written Reservation Agreement, the Applicable QAP and federal law.

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Required Allocations means (a) any limitation imposed on any allocation of Net Losses or Net Termination Losses under Section 6.1(b) or 6.1(c)(ii) and (b) any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), 6.1(d)(ii), 6.1(d)(iv), 6.1(d)(vii) or 6.1(d)(ix).

  • Final Allocation has the meaning set forth in Section 2.3.