Property Amount definition

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 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.

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.

Examples of Property Amount in a sentence

• Such insurance does not increase the Personal Property Amount of Insurance.

• Respondent determined that Hacker Investment realized total gain of $165,812 on its sales, calculated as follows: Property Amount realized CostCapital improvements Petitioners contend that respondent did not properly calculate the gain on either property.

• Description/Address Leased/OwnedNet Book Valueof Property Amount of Deposits Building (Home Office)222 Florida Street, Shreveport, LA.....................................

• Xxxxx will reimburse LINN for the Operating Property Amount in accordance with Section 5.4. Prior to the end of the Transition Period, LINN will convey the Hill Field Offices to Xxxxx using a Special Warranty Deed in a form substantially similar to Exhibit G.

• Without limiting the generality of the foregoing, before an increase in Appraised Value with respect to a Mortgaged Property may be taken into account in calculating the Property Amount with respect to such Mortgaged Property, Borrower must amend the applicable Mortgage to secure the full amount of the increased Appraised Value.

More Definitions of Property Amount

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. At Closing and again, if necessary, following Landlord’s re-measurement of the Buildings pursuant to the Measurement Standard, Tenant agrees that Tenant’s Aggregate Occupancy Percentage (as defined in the Purchase Agreement) shall not be less than sixty-one & 8/10 percent (61.8%).

Property Amount means, as of any date of determination with respect to any Designated Pool A Property, the following:

Property Amount with respect to any Mortgaged Property means, as of any date of determination, the least of :

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 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; PROVIDED, HOWEVER, that, with respect to the Blue Xxxx Properties, if at any point, Xxxxxx Xxxxxxxxxxx or any other tenant thereof is given a credit rating equal to BB- or below by S&P, then the Property Amount, with respect to the Blue Xxxx Properties only and as of any date of determination, shall mean an amount equal to 60% of the Appraised Value of the Blue Xxxx Properties.

Property Amount means the amount set forth for a Property on Exhibit C hereto.

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.