Property Cost definition

Property Cost means with respect to a Property the aggregate amount (and/or the various items and occurrences giving rise to such amounts) of the Loan Property Cost plus the Holder Property Cost for such Property (as such amounts shall be increased equally among all Properties respecting the Holder Advances and the Loans extended from time to time to pay for the Transaction Expenses, fees, expenses and other disbursements referenced in Sections 7.1(a) and 7.1(b) of the Participation Agreement).

Property Cost means the amount of the Advance funded to the Lessee for the purpose of acquiring the Property and paying Transaction Expenses relating to such funding and acquisition, as such amount is set forth in the Funding Request relating to the acquisition of the Property.

Property Cost means, with respect to any Property, the sum of the Land Acquisition Cost, the Existing Improvement Cost, if any, and the Property Improvement Costs for such Property.

Examples of Property Cost in a sentence

• Ratable distributions among the Lenders and the Holders under this Section 8.7 shall be made based on (in the case of the Lenders) the ratio of the outstanding Loans to the aggregate Property Cost and (in the case of the Holders) the ratio of the outstanding Holder Advances to the aggregate Property Cost.

• Such Basic Rent shall be payable from time to time upon demand by Lessor and such additional amount of Basic Rent shall be applied by Lessor ratably to the Lenders and the Holders based on their relative amounts of the then outstanding aggregate Property Cost for all Properties.

• Each prepayment of the Loans pursuant to Section 2.6(b) shall be allocated to reduce the Loan Property Cost of the Property or Properties subject to the respective Casualty, Condemnation, Environmental Violation, termination, purchase, transfer or other circumstance giving rise to such prepayment.

• On each such Scheduled Interest Payment Date, the Loan Property Cost and Construction Loan Property Cost shall be increased by the amount of interest added to the Loans.

• Any amounts applied to reduce the Loan Property Cost of any Construction Period Property pursuant to this paragraph (c) shall also be applied to reduce the Construction Loan Property Cost of such Property until such Construction Loan Property Cost has been reduced to zero (0).

More Definitions of Property Cost

Property Cost means, with respect to any Property, the amount of the Advance made under the Participation Agreement with respect to the acquisition of such Property.

Property Cost means “Purchase Price” (as defined in the Purchase and Sale Agreement).

Property Cost means, with respect to any Property, the sum of the Land Acquisition Cost and the Property Improvement Costs for such Property.

Property Cost means (a) the aggregate amount of the Lessor Advances (in each case, as such amounts shall be increased pro rata according to the Lessor Advances advanced or extended from time to time including to pay for the Transaction Expenses and Uninsured Force Majeure Losses) and (b) respecting the various amounts described in the foregoing subsection (a), all the occurrences and items giving rise to all such amounts.

Property Cost means with respect to a Property the aggregate amount (and for the various items and occurrences giving rise to such amounts including without limitation the Hard Costs and the Soft Costs) of the Loan Property Cost plus the Holder Property Cost for such Property (as such amounts shall be increased equally among all Properties respecting the Holder Advances and the Loans extended from time to time to pay for the Transaction Expenses, fees, expenses and other disbursements referenced in Sections 7.1(a), 7.1(b) and 7.2 of the Participation Agreement and indemnity payments pursuant to Section 11.8 of the Participation Agreement).

Property Cost means with respect to the Property, the aggregate amount of the Property Acquisition Costs plus any Transaction Expenses to the extent paid or reimbursed with the proceeds of an Advance, as set forth in the Acquisition Request and Funding Requests therefor.

Property Cost means, with respect to the Property at any date of determination, an amount equal to the aggregate sum of the Lessor Property Cost plus the Mortgage Loan Property Cost plus the Credit Loan Property Cost.