Property Amount means $17 million or, in the discretion of the Committee, the current value of the land on which the Project is located, as determined (prior to December 31, 2000) by the Committee, if higher.
Property Amount means, with respect to any Mortgaged Property and as of any date of determination, an amount equal to 65% of the Appraised Value of such Mortgaged Property.
Property Amount for each Lease Property, shall mean an amount equal the product of (x) the Final Allocated Purchase Price for such Lease Property, multiplied by (y) the Capitalization Factor, multiplied by (z) the Actual Occupancy Percentage of such Lease Property.
Examples of Property Amount in a sentence
The amount of Exchange Property to be delivered shall be determined by dividing the Net Exchange Property Amount by the Exchange Property Weighted Average Price.
The term Property Amount, for each Lease Property, shall have the meaning ascribed thereto on Exhibit E hereto.
The amount of Exchange Property to be delivered shall be determined by dividing the Net Exchange Property Amount by the Exchange Property Average Price.
We insure personal property owned or used by any of you while away from your premises for up to 10% of the Personal Property Amount of Insurance shown on the Declarations Page for Coverage C.
Such insurance does not increase the Personal Property Amount of Insurance.
More Definitions of Property Amount
Property Amount means, as of any date of determination with respect to any Designated Pool A Property, the following:
Property Amount means, with respect to any Designated Mortgaged Property and as of any date of determination, the following:
Property Amount means the amount set forth for a Property on EXHIBIT C hereto. "PROPERTY GROSS REVENUE" means, for any period and with respect to a Property, all Receipts resulting from the operation of such Property, including, without limitation, Rents or 120 other payments from Tenants, licensees and concessionaires and business interruption and rental loss insurance payments; PROVIDED that Property Gross Revenue shall exclude (i) excise, sales, use, occupancy and similar taxes and charges collected from Tenants and remitted to Governmental Authorities, (ii) gratuities collected for employees of such Property, (iii) security deposits and other advance deposits, until and unless same are forfeited to Borrower or applied for the purpose for which collected, (iv) federal, state or municipal excise, sales, use or similar taxes collected directly from Tenants or included as part of the sales price of any goods or services, and (v) Extraordinary Receipts.
Property Amount means, for each Property subject to this Lease, the product of (i) the Agreed Upon Purchase Price for such Property, multiplied by (ii) 0.08549, multiplied by (iii) the Occupancy Percentage of such Property.
Property Amount for each Property that contains Leased Premises, shall equal the product of (i) either (A) in the case of the Demising Work Properties, the Adjusted Allocated Purchase Price for such Property, plus the Estimated Capital Work Completion Amount, if any, for such Property, or (B) in the case of all other Properties that contain Leased Premises, the Allocated Purchase Price for such Property, plus the Estimated Capital Work Completion Amount, if any, for such Property, multiplied by (ii) the Cap Rate, multiplied by (iii) the Occupancy Percentage of such Property.
Property Amount with respect to any Mortgaged Property means, as of any date of determination, the least of :
Property Amount contained in subsection 1.1 of the Credit Agreement is hereby amended by deleting the phrase "two Designated Pool A Properties" from clause (ii) of such definition and substituting the phrase "three Designated Pool A Properties (other than the Atlanta Airport Property)" therefor.