Restoration Amount definition
Restoration Amount means with respect to any Obligated Partner, the amount set forth opposite the name of such Obligated Partner on Exhibit 5 hereto and made a part hereof, as such Exhibit may be modified from time to time by an amendment to the Partnership Agreement or by execution of a written instrument by and between any additional Obligated Partner(s) being directly affected thereby and the General Partner, acting on behalf of the Partnership and without the prior written consent of the Limited Partners (whether or not such Limited Partners are Obligated Partners or Indemnitor Partners other than the Obligated Partner(s) being directly affected (thereby). If an entity Obligated Partner makes a distribution of all or any portion of its Units, and the General Partner receives a written notice from such Obligated Partner and any distributee (s) of Units to amend Exhibit 5 to add such distributee(s) as additional Obligated Partner(s), the Restoration Amount of such additional Obligated Partner(s) shall be increased by an amount equal to that amount set forth in such notice, and the Restoration Amount of the Obligated Partner making such distribution shall be reduced by such amount. Those Limited Partners who were limited partners of Weeks Realty, L.P. immediately prior to the Merger shall be given proportionate opportunities to increase any Restoration Amount which they have elected to restore upon liquidation of their interest in the Partnership (as more particularly provided in Section 2.05 hereof) on the same basis, if any, as is provided generally to Limited Partners.
Restoration Amount means with respect to each Member (a) the Member's share of Minimum Gain, and (b) any amount which the Member is unconditionally required under this Agreement or by law to contribute to the Company to restore its Negative Capital Account balance.
Restoration Amount is defined in Section 6.04 of this Agreement.
Examples of Restoration Amount in a sentence
Lessor shall be entitled to keep any portion of the Net Restoration Amount which may be in excess of the cost of restoration, and Lessee shall bear all additional costs, fees and expenses of such restoration in excess of the Net Restoration Amount.
PacifiCare shall provide Medical Group with a list of In-Network Hospital Services claim payments and Out-of-Network claim payments in support of computation and accuracy of POS Plan Costs, third party liability and coordination of benefit recoveries, assumptions and data supporting the POS Plan Budget, the Budget Surplus, and the Budget Deficit and the Capitation Restoration Amount.
Medical Group shall receive *** of the Budget Surplus, until such time as Medical Group has received the applicable Capitation Restoration Amount.
Lessor shall be entitled to keep any portion of the Material Restoration Amount which may be in excess of the cost of restoration, and Lessee shall bear all additional costs, fees and expenses of such restoration in excess of the Material Restoration Amount.
Prior to the disbursement of any portion of the Net Restoration Amount with respect to a Casualty, Lessee shall provide evidence reasonably satisfactory to Lessor of the payment of restoration expenses by Lessee up to the amount of the insurance deductible applicable to such Casualty.
More Definitions of Restoration Amount
Restoration Amount. “Restoration Amount” means, with respect to each Party, (a) the Party’s share of Minimum Gain, and (b) the amount, if any, which the Party is unconditionally required under this Agreement or by law to contribute to the LLC (including the Party’s share of debts of the LLC which the Party has guaranteed and the outstanding amount of loans made by the Party to the LLC, in each case only to the extent that the Party does not have a right of contribution from another Party).
Restoration Amount means at any time (i) with respect to the General Partner, the amount of the deficit balance, if any, in such Partner’s Capital Account at such time, and (ii) with respect to any other Partner, the sum of (a) such Partner’s share (as determined under Section 752 of the Code), if any, at such time of the recourse indebtedness of the Fund, but only to the extent that such Partner would be required to make a payment in satisfaction of such indebtedness if all Fund property were sold for the amount of the book basis of such property at such time (determined under Section 704(b) of the Code and the regulations thereunder), and (b) any part of such Partner’s Unfunded Commitment that has not been terminated before such time (to the extent not taken into account in determining such Partner’s share of the recourse indebtedness of the Fund).
Restoration Amount. As of any date of determination, the amount, if any, by which (a) the outstanding principal amount of the Secured Notes (including accrued interest thereon) as of such day exceeds, (b) the Sale Amount as of such day.
Restoration Amount means with respect to any Obligated Partner, the amount set forth opposite the name of such Obligated Partner on Schedule A attached hereto and made a part hereof, as such Schedule may be modified from time to time by an amendment to the Partnership Agreement or by execution of a written instrument by and between such Obligated Partner, and/or any additional Obligated Partner(s) being directly affected thereby and the General Partner, acting on behalf of the Partnership and without the prior written consent of the Limited Partners (whether or not Obligated Partners other than the Obligated Partner(s) being directly affected thereby). If an Obligated Partner makes a distribution of all or any portion of its OP Units in accordance with Section 12(B)(i)(z) hereof, and the General Partner receives a written notice from such Obligated Partner and any distributee of OP Units to amend Schedule A to add such distributee as an additional Obligated Partner, the Restoration Amount of such additional Obligated Partner shall be increased by an amount equal to that amount set forth in such notice, and the Restoration Amount of the Obligated Partner making such distribution shall be reduced by such amount.
Restoration Amount means, as of any date of determination, the amount, if any, by which (i) the outstanding principal amount of the Loan as of such date (including accrued interest thereon) exceeds (ii) the sum of the applicable Advance Rate for each Pledged Eligible Asset times the lesser of (1) the Market Value of each Pledged Eligible Asset), and (2) the outstanding principal balance of each such Pledged Eligible Asset.
Restoration Amount means, as of any date of determination, the amount, if any, by which (i) the outstanding principal amount of the Loan as of such date (including accrued interest) exceeds (ii) the sum of (a) the lesser of (1) the product of (x) the Estimated Value of the real property securing the Pledged Mortgage Loans which are Delinquent Mortgage Loans (disregarding the Estimated Value of the real property securing any Delinquent Mortgage Loans proposed to be pledged to the Lender on such date) and (y) 0.60, and (2) 90% of the outstanding principal balance of the Pledged Mortgage Loans which are Delinquent Mortgage Loans (disregarding the outstanding principal balance of any Delinquent Mortgage Loans to be pledged to the Lender on such date), PLUS (b) the lesser of (1) the product of (x) the Appraised Value of the REO Properties which are then pledged to the Lender hereunder (disregarding the Appraised Value of any REO Properties proposed to be pledged to the Lender on such date) and (y) 0.60, and (2) 90% of the REO Property Balance (disregarding the REO Property Balance of any REO Properties to be pledged to the Lender on such date), PLUS (c) the lesser of (1) the product of (x) the Market Value of all other Pledged Mortgage Loans (disregarding (A) the Market Value of any such Mortgage Loans proposed to be pledged to the Lender on such date and (B) the Market Value of any Wet Funded Mortgage Loans which are the subject of a Collateral Deficiency Situation pursuant to clause (ii) of the definition thereof) and (y) 0.96, and (2) the outstanding principal balance of all other Pledged Mortgage Loans (disregarding (A) the outstanding principal balance of any such Mortgage Loans to be pledged to the Lender on such date and (B) the outstanding principal balance of any Wet Funded Mortgage Loans which are the subject of a Collateral Deficiency Situation pursuant to clause (ii) of the definition thereof).
Restoration Amount. Section 1(B)(2).