Property Owner Valuation definition

Property Owner Valuation means the aggregate purchase price for 100% of the Membership Interests in the Property Owner, which shall be $726,297 plus or minus such customary credits, pro rations and other adjustments for operating costs and liabilities as may be agreed by the Company and the manager of the Property Owner in connection with Closing (as defined below). Notwithstanding the foregoing, in the event that the undersigned has elected Option B pursuant to the Consent and Election in the form attached hereto as Appendix A (“Consent and Election”), the Company shall deliver cash payment to the undersigned in an amount equal to the undersigned’s Sale Percentage multiplied by the Property Owner Valuation, minus any applicable withholding taxes. The Units issued or cash paid, as applicable, are referred to as the “Transfer Consideration.”
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Property Owner Valuation means the aggregate purchase price for 100% of the Membership Interests in the Property Owner, which shall be $ plus or minus such customary credits, pro rations and other adjustments for operating costs and liabilities as may be agreed by the Company and the manager of the Property Owner in connection with Closing (as defined below). Notwithstanding the foregoing, in the event that the undersigned has elected Option B pursuant to the Consent and Election in the form attached hereto as Appendix A (“Consent and Election”), the Company shall deliver cash payment to the undersigned in an amount equal to the undersigned’s Sale Percentage multiplied by the Property Owner Valuation, minus any applicable withholding taxes and after withholding of twenty-five percent (25%) of the total amount of such cash payment (without giving effect to withholding taxes) to be held in escrow by the manager of the Property Owner (“Escrow”). The Property Owner Valuation has been determined by dividing the Property Owner’s projected “Net Operating Income” for the calendar year 2011 by the capitalization rate of %. For the purposes of this Agreement, “Net Operating Income” means net income before depreciation, amortization, debt service and nonrecurring items. The Units issued to Subscriber pursuant to this Agreement shall be subject to a restriction that any common stock in the REIT for which the Units may be exchanged may not be sold or otherwise transferred until after the adjustment pursuant to subsection 2(b), if any, is made.
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Property Owner Valuation means the aggregate purchase price for 100% of the Membership Interests in the Property Owner, which shall be $ plus or minus such customary credits, pro rations and other adjustments for operating costs and liabilities as may be agreed by the Company and the manager of the Property Owner in connection with Closing (as defined below). Notwithstanding the foregoing, in the event that the undersigned has elected Option B pursuant to the Consent and Election in the form attached hereto as Appendix A (“Consent and Election”), the Company shall deliver cash payment to the undersigned in an amount equal to the undersigned’s Sale Percentage multiplied by the Property Owner Valuation, minus any applicable withholding taxes. The Property Owner Valuation has been determined by dividing the Property Owner’s projected “Net Operating Income” for the calendar year 2011 by the capitalization rate of %. For the purposes of this Agreement, “Net Operating Income” means net income before depreciation, amortization, debt service and nonrecurring items. The Units issued to Subscriber pursuant to this Agreement shall be subject to a restriction that any common stock in the REIT for which the Units may be exchanged may not be sold or otherwise transferred until after the adjustment pursuant to subsection 2(b), if any, is made.
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Examples of Property Owner Valuation in a sentence

  • Notwithstanding the foregoing, in the event that the undersigned has elected Option B pursuant to the Consent and Election in the form attached hereto as Appendix A (“Consent and Election”), the Company shall deliver cash payment to the undersigned in an amount equal to the undersigned’s Sale Percentage multiplied by the Property Owner Valuation, minus any applicable withholding taxes, and the undersigned shall not receive any Units in the Company.

  • Notwithstanding the foregoing, in the event that the undersigned has elected Option B pursuant to the Consent and Election in the form attached hereto as Appendix A (“Consent and Election”), the Company shall deliver cash payment to the undersigned in an amount equal to the undersigned’s Sale Percentage multiplied by the Property Owner Valuation, minus any applicable withholding taxes.

  • The Property Owner Valuation has been determined by dividing the Property Owner’s projected “Net Operating Income” for the calendar year 2011 by the capitalization rate of %.