Real Estate Value definition

Real Estate Value means, with respect to any Eligible Real Property, (a) the net book value of such Eligible Real Property as of the date of the most recent Borrowing Base Certificate delivered to the Banks less (b) the aggregate amount of Indebtedness (other than bond Indebtedness which is supported by a Letter of Credit) secured by Liens on such Property.

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Real Estate Value means, with respect to any Eligible Real Property, the remainder of (a) the greater of (i) the net book value of such Eligible Real Property as of the date of the most recent Borrowing Base Certificate delivered to the Banks or (ii) at the sole election of the Company, the appraised value of such Eligible Real Property provided in an appraisal performed by an independent appraiser approved by the Agent (which approval shall not be unreasonably withheld) dated not more than one year prior to the date of the most recent Borrowing Base Certificate delivered to the Banks, minus (b) the aggregate amount of Indebtedness secured by Liens on such Property.

Real Estate Value means, with respect to any Hotel Property, the lesser of ----------------- (a) the appraised value of such Hotel Property under the most recent Appraisal for such Hotel Property (appraised value will initially be based upon the "As Is" value of a Hotel Property and will be based upon the "As Improved" value of a Hotel Property once the Capital Expenditures are completed in accordance with the Approved Preliminary Property Plan for such Hotel Property which values for the Initial Properties are set forth in Schedule 1.01(b)), and (b) the Cost Basis of such Hotel Property as of the date of the most recent Borrowing Base Certificate (or, if applicable, Property Adjustment Report) delivered to the Banks.

Examples of Real Estate Value in a sentence

For this reason, the Purchaser considers the Gross Real Estate Value Estimate to be less meaningful in evaluating the Purchase Price offered by the Purchaser than its pro forma estimate of the net liquidation value per Unit described below.
In considering this factor, the Purchaser made a pro forma calculation of the amount each Limited Partner might receive in a theoretical orderly liquidation of the Partnership (which may not be realistically possible, particularly in the near term, due to real estate market conditions, the general difficulty of disposing of real estate in a short period of time, and other general economic factors), based on the Gross Real Estate Value Estimate described above and the other considerations described below.
The Gross Real Estate Value Estimate does not take into account (i) the debt encumbering the Partnership's properties or the other liabilities of the Partnership, (ii) cash and other assets held by the Partnership, (iii) real estate transaction costs that would be incurred on a sale of the Partnership's properties, such as brokerage commissions and other selling and closing expenses, (iv) timing considerations or (v) costs associated with winding up the Partnership.
The Purchaser based its pro forma liquidation analysis on the Gross Real Estate Value Estimate (and thus in large part on the appraised values of the Partnership's properties described above) as opposed to the values estimated by the General Partner (as described above), because the Purchaser believes that the Gross Real Estate Value Estimate represents the best estimate, based on currently available information, of the values of the Partnership's properties.
A Certificate of Real Estate Value in form acceptable to the Title Company and Seller.
Accordingly, Gross Asset Value attributable to the Borrower's pro-rata share of the Eligible Real Estate Value of Eligible Real Estate Assets owned by Subsidiaries that are not wholly owned by the Borrower and Unconsolidated Joint Ventures as of such fiscal quarter end of the Borrower is [more than] [less than] 15% of total Gross Asset Value.
Cash On Hand $ Cash In Bank $ Real Estate Value $ Real Estate Mortgage $ In Whose Name Is Title Monthly Salary Or Wages $ ▇▇▇▇ Bail Bonds, Inc.
The Gross Real Estate Value Estimate does not take into account (i) the debt encumbering the Partnership's properties or the other liabilities of the Partnership, (ii) cash and other assets held by the Partnership, (iii) real estate transaction costs that would be incurred on a sale of the Partnership's multi-family properties, such as brokerage commissions and other selling and closing expenses, (iv) timing considerations or (v) costs associated with winding up the Partnership.
Permit the portion of Gross Asset Value attributable to the Borrower’s pro-rata share of the Eligible Real Estate Value of Eligible Real Estate Assets owned by Subsidiaries that are not wholly owned by the Borrower and Unconsolidated Joint Ventures to be more than 25% of total Gross Asset Value.
Based on the individual estimates of the gross values of the Partnership's properties described above, the Purchaser estimated that the current aggregate gross real estate value of the Partnership's properties is $23,332,833 (the "Gross Real Estate Value Estimate").

More Definitions of Real Estate Value

Real Estate Value means for each Stabilized Real Estate Asset, the NOI from such Stabilized Real Estate Asset divided by the appropriate Cap Rate based on the property type.

Real Estate Value on any date, the Borrower's Pro Rata Share of (a) with respect to any real estate asset acquired by the Borrower or any of its Subsidiaries on any date which is less than three consecutive full calendar months prior to such date of calculation, an amount equal to 95% of the purchase price paid for such real estate asset, (b) with respect to any other real estate asset owned by the Borrower or any of its Subsidiaries, the quotient of (i) the Adjusted Net Operating Income Value with respect to such real estate asset, divided by (ii) .096 and (c) with respect to the Bay West/Captiva Club Apartments (Property ID# 8575), until the earlier of (x) April 1, 1999 or (y) the date the Property becomes Stabilized, an amount equal to 95% of the Borrower's or its Wholly Owned Subsidiary's cash investment in such Property.

Real Estate Value means, with respect to any Eligible Real Property, (a) the appraised value of such Property if an appraisal less than two years old is available in connection with such Property, and otherwise the net book value of such Eligible Real Property as of the date of the most recent Borrowing Base Certificate (or, if applicable, Property Adjustment Report) delivered to the Banks less (b) the aggregate amount of Indebtedness (other than the Obligations, the Indebtedness under the Liquidity Facility, and bond Indebtedness which is supported by a Letter of Credit) secured by Liens on such Property.

Real Estate Value means, with respect to any Hotel Property, the lesser of ----------------- (a) the Appraised Value of such Hotel Property under the most recent Appraisal for such Hotel Property, and (b) the Cost Basis of such Hotel Property as of the date of the most recent Borrowing Base Certificate (or, if applicable, Property Adjustment Report) delivered to the Banks.

Real Estate Value means the appraised value of individual real estate properties.

Real Estate Value means, as to a Borrower Party, the fair market value of such Borrower Party's fee interest in Eligible Real Property, as established pursuant to an appraisal delivered under Section 5.1(l), 7.2(b) or 8.20 hereof, or other valuation method approved by the Agent in its Permitted Discretion. Register is defined in Section 11.8.