Release Price Percentage means, as of any Release Date, the percentage applicable to the range of Combined Principal Amounts that would be outstanding immediately following such Release, as set forth in the following table: From $600,000,000 to and including $510,000,000 100 % Less than $510,000,000 to and including $420,000,000 110 % Less than $420,000,000 to $0.00 115 %
Release Price Percentage means, with respect to each Individual Property fifteen percent (15%).
Release Price Percentage means 115%; provided, however, that with respect to a release in connection with a casualty or Taking pursuant to Section 6.2.3 hereof, the Release Price Percentage shall equal 100%.
Examples of Release Price Percentage in a sentence
Notwithstanding the foregoing to the contrary, in connection with the sale of a Construction Property pursuant to the terms hereof, the Release Price Percentage shall equal 100%.
More Definitions of Release Price Percentage
Release Price Percentage means the percentage for each Cross-collateralized Property set forth on Exhibit C annexed hereto and made a part hereof.
Release Price Percentage means, with respect to any Individual Property, (i) until the Loan, the Mortgage Loan and the Mezzanine B Loan have been prepaid in an amount equal to $77,500,000.00 solely in connection with releases of Individual Properties in accordance with the terms and conditions of Section 2.5.2 hereof, ten percent (10%) and (ii) after the Loan, the Mortgage Loan and the Mezzanine B Loan have been prepaid in an amount equal to $77,500,000.00 solely in connection with releases of Individual Properties in accordance with the terms and conditions of Section 2.5.2 hereof, fifteen percent (15%).
Release Price Percentage means, as of any Release Date, (i) if the Principal Amount that would be outstanding immediately following the release of the applicable Release Property is from $295,000,000 to and including $265,500,000, one hundred percent (100%) or (ii) if the Principal Amount that would be outstanding immediately following the release of the applicable Release Property is less than $265,500,000, one hundred ten percent (110%), provided that, in the case of each of clause (i) and clause (ii), any prior reductions in the Principal Amount outstanding as a result of payments of Release Prices in respect of Key Properties and any mandatory prepayment made pursuant to the provisions of Section 6.2.3 and Section 4(b) of the Note shall be disregarded in determining the Principal Amount that would be outstanding immediately following the release of the applicable Release Property.
Release Price Percentage means 110%.
Release Price Percentage means seventy percent (70%), except after the Sale of all of the West Bluffs Property, sixty percent (60%).
Release Price Percentage means, with respect to any Mortgaged Property as of the date of the proposed release of such Mortgaged Property, 5%, 10%, 15%, 20% or 25%, if the applicable Release Amount or applicable Mezzanine Release Amount of such individual Mortgaged Property when added to the Release Amounts or Mezzanine Release Amounts of all Mortgaged Properties released prior to or simultaneous with such individual Mortgaged Property is equal to 5% or less, is greater than 5% and less than or equal to 10%, is greater than 10% and less than or equal to 15%, is greater than 15% and less than or equal to 20% or is greater than 20%, respectively, of the original principal amount of the Mortgage Loan or Mezzanine Loan, as applicable, as of the closing date of the Mortgage Loan or Mezzanine Loan, as applicable.
Release Price Percentage means 120% with respect to the ten (10) largest Cross-collateralized Properties (based on Initial Allocated Loan Amount as set forth in the Cross-collateralization Agreement and, with respect to the other Cross-collateralized Properties, the following: 0 - 5% 105 % 6 - 15% 110 % 16 - 20% 115 % 21 - 100% 120 %