Property Purchase Price definition

Property Purchase Price. The purchase price determined for the Property or each Unit Component pursuant to Article 3, Paragraph 1, of the Sales Agreement.

Property Purchase Price means the purchase price for the property to be paid to the Partners on the purchase of the Properties by the Developer in accordance with the Agreement;

Property Purchase Price has the meaning set forth in Section 2.1. “Property Environmental Breach” has the meaning set forth in Section 7.4(a).

Examples of Property Purchase Price in a sentence

• If the Manager Parties have timely objected to the Operating Partnership's initial determination and the difference between the Manager Parties' determination and the Appraiser's determination exceeds two percent (2%) of the Operating Partnership's determination, then the Appraiser's determination shall be deemed to be the Controlled Property Purchase Price for the applicable Controlled Property.

• If the Manager Parties timely object to the Operating Partnership's initial determination and the difference between the higher amount of the Operating Partnership's determination and the Appraiser's determination does not exceed two percent (2%) of the Operating Partnership's determination, then the Operating Partnership's determination shall be deemed to be the Controlled Property Purchase Price for the applicable Controlled Property.

• If the Manager Parties disagree with the Operating Partnership's determination of the Controlled Property Purchase Price for the applicable Controlled Property, it shall so notify the Operating Partnership in writing within two (2) days of receipt of the Operating Partnership's initial notice.

• If the total purchase price exceeds the Property Purchase Price Ceiling listed under the First- Time Homebuyer Table “b)”, the deed does not qualify for the reduced recordation tax rate.

• Should Optionees elect to proceed to Closing notwithstanding the amount of the insured loss, the Closing shall take place without abatement of the Property Purchase Price and TRS Purchase Price and at Closing, Grantors shall assign to Optionees the insurance proceeds and grant to Ashford Prime OP a credit against the Property Purchase Price equal to the amount of the applicable deductible.

More Definitions of Property Purchase Price

Property Purchase Price means, in respect of each Property, the consideration attributed to that Property as set out in Schedule 1;

Property Purchase Price has the meaning set forth in Section 3.1(a).

Property Purchase Price shall have the meaning set forth in Section 8.5.1.

Property Purchase Price is One Hundred Twenty-Nine Million Five Hundred Thirty-Two Thousand and no/100 Dollars ($129,532,000), and the "Vacant Property Purchase Price" is Twenty-Seven Million Five Hundred Thousand Dollars ($27,500,000) and no/100.

Property Purchase Price. As described in Agreement Section 13, payable in good funds on closing.

Property Purchase Price is defined in Section 1.1 of this Agreement.

Property Purchase Price means the purchase price with respect to the Property equal to the amount of $15,700,000, subject to the terms and conditions set forth herein.