Real Property Value definition

Real Property Value with (a) respect to any real property owned by a Loan Party on the Effective Date, the value of such real property (together with improvements thereon) on the Effective Date and (b) with respect to any real property acquired by a Loan Party after the Effective Date, the value of such real property (together with improvements thereon) at the time of the acquisition of such real property by such Loan Party, in each case as reasonably determined by New Holdings in good faith.

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Real Property Value means the annualized Net Operating Income as of the last day of the fiscal quarter of the Borrower most recently ended of all Properties in place at the end of such fiscal quarter divided by the applicable Capitalization Rate.

Real Property Value means at any time the fair market value of the equity in all interests in Real Property held at such time by the Issuer and its Consolidated Subsidiaries as set forth in the most recent Appraisal to which shall be added related debt secured by real property, to the extent that such debt has been deducted in determining such fair market value.

Examples of Real Property Value in a sentence

• The Borrower shall not permit the ratio of (i) Unencumbered Real Property Value to (ii) total outstandings under Unsecured Indebtedness as of the end of any fiscal quarter of Borrower to be less than 1.75:1.

• Each of the assets included by the Borrower in calculations of Unencumbered Real Property Value and Unencumbered Real Property Adjusted NOI satisfies all of the requirements contained in the definition of “Unencumbered Real Property”.

• Section 7.20(c) is deleted in its entirety and shall be replaced as follows: The ratio of Consolidated Unsecured Indebtedness to Unencumbered Real Property Value to be greater than 0.625:1 as of the end of any fiscal quarter.

• A Special Warranty Deed, in the form attached hereto as EXHIBIT E, conveying the Real Property to Purchaser, together with an Affidavit of Real Property Value as required by law.

• Such other documents as may be required by this Agreement, including an Affidavit of Real Property Value as required by law.

• Buyer and Seller shall execute, acknowledge and deliver to Escrow Agent the Affidavit of Real Property Value required by Arizona Rev.

• The total value of the real property securing the indebtedness is $40,600,000 (the "Total Real Property Value").

• Each of the parties hereto acknowledges that the Agreed Real Property Value for the Real Property, as set forth in the Definitions of this Agreement, represent the mutual estimation by the parties of the fair market value of the Real Property and Fixtures, as described therein.

• To the extent that Two Million Four Hundred Thirty-Two Thousand and No/100 Dollars ($2,432,000.00) exceeds the net book value of the Company, as set forth in the Final Post-Closing Financial Statements (which net book value shall not include the amount of any Walker Real Property Value or Excess Inventory and Equipment Value), t▇▇▇ ▇▇e Purchase Price shall be decreased by the amount of such excess.

• Part 3.7 contains a street address, tax parcel identification number, and the Appraised Real Property Value, of all pieces of Real Property.

More Definitions of Real Property Value

Real Property Value means (i) with respect to Properties owned by the Borrower or any of its Subsidiaries for the entire four consecutive fiscal quarter period most recently ended, Net Operating Income for all such Properties for such period divided by the applicable Capitalization Rate and (ii) with respect to Properties (other than Properties that are developed but that are unleased and vacant, and undeveloped land) acquired during the four fiscal quarter period most recently ended, the purchase price paid by the Borrower or any Subsidiary (less any amounts paid to the Borrower or such Subsidiary as a purchase price adjustment, held in escrow, retained as a contingency reserve, or in connection with other similar arrangements) for such Property.

Real Property Value means, at any time of determination, without duplication (a) the then Borrowing Base Pool Value, plus (b) the Capitalization Value for all other Real Property owned for more than two (2) Calendar Quarters, plus (c) the GAAP book value of Real Property acquired during the two (2) most recent Calendar Quarters, plus (d) the GAAP book value of Real Property under construction until the Real Property is substantially complete which in no case shall go beyond eighteen (18) months from commencement, plus (e) the GAAP book value of unimproved land, mortgages and notes from unrelated parties. The Equity Percentage of Unconsolidated Affiliates shall be included in calculations of Capitalization Value consistent with the above treatment for wholly owned assets. For purposes of determining Capitalization Value, Net Operating Income attributable to assets described in any of the immediately preceding clauses (c) through (e) shall be excluded from the determination of Adjusted Net Operating Income.

Real Property Value means (i) with respect to Properties owned by the Borrower or any of its Subsidiaries for the entire four consecutive fiscal quarter period

Real Property Value means (a) the annualized Gross Lease Revenues as of the last day of the fiscal quarter of the Borrower most recently ended of all Properties in place at the end of such fiscal quarter divided by the applicable Capitalization Rate, or (b) in the case of a Property acquired by the Borrower or a Subsidiary during the immediately preceding period of 12 calendar months and that is not vacant, an amount equal to the purchase price paid for such Property (less any amounts paid as a purchase price adjustment, held in escrow, retained as a contingency reserve, or other similar arrangements), if such amount is greater than the amount for such Property determined in accordance with the preceding clause (a).

Real Property Value. The "Real Property Value" shall be equal to $2,800,000.