Restoration Threshold Amount definition

Restoration Threshold Amount means, as to the Property, an amount equal to 4% of the original principal balance of the Loan.

Restoration Threshold Amount shall have the meaning set forth in the Mortgage Loan Agreement.

Restoration Threshold Amount means an amount equal to $5,000,000.

Examples of Restoration Threshold Amount in a sentence

• In addition, Lender may participate in any settlement discussions with any insurance companies (and shall approve the final settlement, which approval shall not be unreasonably withheld) with respect to any Casualty in which the Net Proceeds or the costs of completing the Restoration are equal to or greater than the Restoration Threshold Amount and Borrower shall deliver to Lender all instruments required by Lender to permit such participation.

• Borrower shall, at its expense, diligently prosecute any such proceedings, and shall consult with Xxxxxxx, their respective attorneys and experts, and cooperate with them in the carrying on or defense of any such proceedings which is reasonably expected to involve an Award of an amount greater than the Restoration Threshold Amount.

• Provided no Event of Default has occurred and is continuing, in the event of a Condemnation where the amount of the taking does not exceed the Restoration Threshold Amount, Borrower may settle and compromise such Condemnation; provided that the same is effected in a commercially reasonable and timely manner.

• In the event of a Casualty where the loss does not exceed Restoration Threshold Amount, Borrower may settle and adjust such claim; provided that (a) no Event of Default has occurred and is continuing and (b) such adjustment is carried out in a commercially reasonable and timely manner.

• In the event of a Casualty where the loss exceeds the Restoration Threshold Amount or if an Event of Default then exists, Borrower may settle and adjust such claim only with the consent of Lender (which consent shall not be unreasonably withheld) and Lender shall have the opportunity to participate, at Borrower’s cost, in any such adjustments.

More Definitions of Restoration Threshold Amount

Restoration Threshold Amount is defined in Appendix I to the Lease.

Restoration Threshold Amount means, as of any date of determination, an amount equal to the lesser of (i) Fifty Thousand and No/100ths Dollars ($50,000.00) per Property, and (ii) one-half of one percent (0.50%) of the Outstanding Principal Balance.

Restoration Threshold Amount has the meaning given to that term in Schedule 0.

Restoration Threshold Amount means an amount equal to $2,500,000.

Restoration Threshold Amount means an amount equal to $5,000,000.00.

Restoration Threshold Amount means, with respect to any Property, an amount equal to (i) in connection with any Casualty of such Property, thirty percent (30%) of the appraised value of such Property (based upon the most recent Appraisal thereof), and (ii) in connection with any Condemnation of any Property, fifteen percent (15%) of the appraised value of such Property (based upon the most recent Appraisal thereof).

Restoration Threshold Amount means, as of any date of determination, an amount equal to three percent (3.00%) of the Outstanding Principal Balance.