Property Appreciation definition

Property Appreciation means, with respect to a taxable disposition of a Real Property, the excess of the sales price paid in such disposition (including amounts paid through the assumption of debt) over the initial Gross Asset Value of such Real Property.
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Property Appreciation means that portion of Disposition Proceeds which is in excess of the Initial Value of the real property that is the subject of the disposition.
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Examples of Property Appreciation in a sentence

  • To determine the fair market value of the Jamboree Office REIT Shares for the purpose of the New Property Appreciation Rights, Jamboree Office REIT will obtain an appraisal.

  • If, after Reorganized CWOP exercises a Property Appreciation Right, Jamboree Office REIT elects to declare a dividend of any cash paid upon the exercise of the New Property Appreciation Rights, then the dividend will be distributed to shareholders of Jamboree Office REIT based on their ownership interests after giving effect to the exercise of the applicable right.

  • In general, the New Tranche A Property Appreciation Right grants Reorganized CWOP the right to exchange each of its Jamboree LLC Units for one Jamboree Office REIT Share.

  • In the event that Reorganized CWOP has not exercised the New Tranche A Property Appreciation Right at the time of exercise of the New Tranche B or the New Tranche C Property Appreciation Right, the exercise price for the shares will be reduced by 10%.

  • The New Tranche B Property Appreciation Right is exercisable at any time during the exercise period described above that the fair market value of the outstanding Jamboree Office REIT Shares equals or exceeds a dollar amount that, when divided by Jamboree Office REIT's percentage equity interest in Jamboree LLC, equals $98 million.

  • Reorganized CWOP may elect to exercise either of the New Tranche B and Tranche C Property Appreciation Rights on a net issue or "cashless basis" by surrendering a portion of the Tranche B Shares or Tranche C Shares, as the case may be, in payment of the applicable exercise price.

  • The New Property Appreciation Rights will be exercisable at any time until the earlier of (i) the close of business on March 27, 2002, and (ii) any change in control of Jamboree Office REIT occurring after March 27, 2000; provided that the Reorganized CWOP may not exchange its Jamboree LLC Units for Jamboree Office REIT Shares for one year after the Effective Date except in certain circumstances.

  • The New Tranche C Property Appreciation Right is exercisable at any time during the exercise period described above that the fair market value of the outstanding Jamboree Office REIT Shares equals or exceeds a dollar amount that, when divided by Jamboree Office REIT's percentage equity interest in Jamboree LLC, equals $125 million.

  • Each of the Property Appreciation Rights must be exercised in whole by Reorganized CWOP.

  • The Confirmation Order will authorize the issuance of the Jamboree LLC Units, the New Notes, the New Property Appreciation Rights, the Jamboree Office REIT Shares and the Jamboree Office REIT Shares to be issued upon exercise of the New Property Appreciation Rights and Reorganized CWOP's exchange of its Jamboree LLC Units.

Related to Property Appreciation

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Threshold Appreciation Price has the meaning specified in Section 5.1.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Stock Appreciation Right or “SAR” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 5.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Stock Appreciation Rights or “SAR” means a right granted to a Participant under Section 6(c).

  • Limited Stock Appreciation Right means an Award of a limited Tandem Stock Appreciation Right or a Non-Tandem Stock Appreciation Right made pursuant to Section 7.5 of this Plan.

  • Erroneously Awarded Compensation means, with respect to each Executive Officer in connection with an Accounting Restatement, the amount of Clawback Eligible Incentive Compensation that exceeds the amount of Incentive-based Compensation that otherwise would have been Received had it been determined based on the restated amounts, computed without regard to any taxes paid.

  • Free-Standing Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is not granted in tandem with an Option Right.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • SAR means a stock appreciation right granted under the Plan.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Stock Appreciation Right” or “SAR means a stock appreciation right awarded under the Plan as provided in Section 8.

  • Award means any compensation paid by any Governmental Authority in connection with a Condemnation in respect of all or any part of the Property.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • INDEPENDENT STOCK APPRECIATION RIGHT or "INDEPENDENT RIGHT" means a right granted pursuant to subsection 8(b)(3) of the Plan.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • CONCURRENT STOCK APPRECIATION RIGHT or "CONCURRENT RIGHT" means a right granted pursuant to subsection 8(b)(2) of the Plan.

  • Awards means, collectively, Options, Purchased Stock, Bonus Stock, Stock Appreciation Rights, Phantom Stock, Restricted Stock, Performance Awards, or Other Stock or Performance Based Awards.

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

  • Phantom means a volume of material behaving in a manner similar to tissue with respect to the attenuation and scattering of radiation. This requires that both the atomic number (Z) and the density of the material be similar to that of tissue.