Proposed Transfer Premises definition

Proposed Transfer Premises shall have the meaning provided in Section 10.03. “Replacement Value” shall be deemed to be an amount equal to the costs of replacing the Improvements on the Property with new Improvements that contain the same number of Residential Units of substantially equal quality and character. Within ten (10) days after Substantial Completion, Tenant shall deliver an estimate of or statement with respect to the Replacement Value prepared by the insurer(s) of the Project or another disinterested insurance provider. Sixty (60) days prior to the tenth (10th) anniversary of the date of Substantial Completion and each subsequent tenth (10th) anniversary thereafter for the Term of this Lease, Tenant shall provide an estimate of or statement with respect to the Replacement Value prepared by the insurer(s) of the Project or another disinterested insurance provider. Such estimate shall determine the current cost (including all hard and soft costs) of rebuilding the entire Project, without regard to depreciation of the Project, which amount shall then be deemed to be the Replacement Value. The amount of Replacement Value shall be adjusted on each anniversary of the initial determination of Replacement Value and of each subsequent decennial redetermination of Replacement Value throughout the Term by a percentage equal to the percentage change in the appropriate index in the Dodge Building Cost Index (or such other published index of construction costs which shall be selected from time to time by the FCRHA, provided that such index shall be a widely recognized measure of construction costs in the insurance industry and appropriate to the type and location of the Project) in effect on such anniversary date as compared to the same index in effect on the date of Substantial Completion or prior redetermination, whichever is latest.
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Proposed Transfer Premises has the meaning provided in Section 10.03.
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Proposed Transfer Premises shall have the meaning provided in Section 10.03. [“Public Use Improvements” shall mean the baseball field, grandstand and other locations, as further identified in Exhibit B.][ FORM COMMENT – MAY OR MAY NOT BE INCLUDED IN A PARTICULAR LEASE, BUT WILL BE INCLUDED IN AT LEAST ONE LEASE AND DEPENDS ON HOW AND WHEN CLOSINGS OCCUR.] “Replacement Value” shall be deemed to be an amount equal to the costs [of replacing the Improvements on the Property with new Improvements that contain the same number of [Residential Unit] (including any required Affordable Dwellings) of substantially equal quality and character (taking into consideration that: (i) certain characteristics regarding the historic nature of the Buildings cannot be replaced; and (ii) any existing Deed Restrictions may prevent the construction of such [Residential Units/Buildings/Public Improvements]), to the extent that such costs can be covered by a standard fire insurance policy. Within ten (10) days after Substantial Completion, Tenant shall deliver an estimate of or statement with respect to the Replacement Value prepared by the insurer(s) of the Project or another disinterested insurance provider. Sixty (60) days prior to the tenth (10th) anniversary of the date of Substantial Completion and each subsequent tenth (10th) anniversary thereafter for the Term of this Lease, Tenant shall provide an estimate of or statement with respect to the Replacement Value prepared by the insurer(s) of the Project or another disinterested insurance provider. Such estimate shall determine the current cost (including all hard and soft costs) of rebuilding the entire Project, without regard to depreciation of the Project (and without taking into consideration that any existing Deed Restrictions may prevent the construction of the Project), which amount shall then be deemed to be the Replacement Value. [FORM COMMENT – THIS WILL HAVE TO BE TAILORED TO EACH LEASE, DEPENDING ON WHAT IS BEING LEASED (e.g. the reformatory buildings, the chapel, the Power Plant, etc.)] The amount of Replacement Value shall be adjusted on each anniversary of the initial determination of Replacement Value and of each subsequent decennial redetermination of Replacement Value throughout the Term by a percentage equal to the percentage change in the appropriate index in Xxxxxx’x Building Estimators Reference Book by the Xxxxx X. Xxxxxx Company (or such other published index of construction costs which shall be selected from time to time by Land...
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Examples of Proposed Transfer Premises in a sentence

  • If Tenant elects to accept the Counteroffer, the parties shall close on the Proposed Transfer Premises in accordance with this Section 10.03(b).

  • In the event that the FCRHA does not elect to accept the Offer, the FCRHA may, at its election, make a counteroffer (“Counteroffer”) setting forth the price and other material terms on which the FCRHA would be willing to purchase the Proposed Transfer Premises, but Tenant has no obligation to accept or otherwise address any such Counteroffer.

  • Subject and subordinate to Section 10.01(k) above, in the event Tenant would like to make a Transfer with respect to all or any portion of the Premises (the “Proposed Transfer Premises”) pursuant to the terms and conditions of this Article 10, Tenant shall promptly give the FCRHA notice of such election and shall first offer to transfer the Proposed Transfer Premises to the FCRHA or an Affiliate of the FCRHA pursuant to the terms of this Section 10.03.

  • The FCRHA and Tenant shall execute such documents and instruments as may be necessary or appropriate to effect the transfer of the Proposed Transfer Premises pursuant to the terms of the Offer and this Section 10.03.

  • In the event that the Proposed Transfer Premises are not transferred to an unrelated third party within such nine (9) month period, such Transfer shall again be subject to all of the terms of this Section 10.03.

  • Landlord and Tenant shall execute such documents and instruments as may be necessary or appropriate to effect the transfer of the Proposed Transfer Premises pursuant to the terms of the Offer and this Section 10.03.

  • If Tenant is required to re-offer the Proposed Transfer Premises to Landlord during such nine (9) month period, the procedures in subsections 10.03(a) and (b) shall apply.

  • If Tenant elects to accept the Counteroffer, the parties shall close on the Proposed Transfer Premises in accordance with this Section 10.03(c).

  • If Tenant elects to accept the Counteroffer, the parties will close on the Proposed Transfer Premises in accordance with this Section 10.03(c).

  • In the event Tenant would like to make a Permitted Transfer with respect to all or any portion of the Premises (the “Proposed Transfer Premises”) pursuant to the terms and conditions of this Article 10, Tenant shall promptly give Landlord notice of such election and shall first offer to transfer the Proposed Transfer Premises to Landlord or an Affiliate of Landlord pursuant to the terms of this Section 10.03.

Related to Proposed Transfer Premises

  • Square Footage means the total gross horizontal areas of all floors, including usable basement and cellars, below the roof and within the outer surface of the main walls of buildings (or the center lines of party walls separating such buildings or portions thereof) or within lines drawn parallel to and two feet within the roof line of any building or portion thereof without walls (which includes, notwithstanding paragraph 3 below, the square footage of all porches), and including pedestrian access walkways or corridors, but excluding the following:

  • Grave space means a space of ground in a cemetery that is used or intended to be used for an in-ground burial.