Tangible FMV definition

Tangible FMV means the aggregate of (i) Xxxx Tangible FMV and (ii) Xxxx XX Tangible FMV.
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Tangible FMV means the sum of (x) (i) with respect to Real Property Assets owned by the Consolidated Entities or Minority Holdings of a Consolidated Entity for a period of at least twelve months, the quotient of Net Operating Income with respect to such Real Property Assets determined as of the last day of the immediately preceding calendar quarter, less reserves for Capital Expenditures of $.50 per square foot per annum for each Real Property Asset owned as of the last day of such immediately preceding calendar quarter, the sum of which is capitalized at the FMV Cap Rate, and (ii) with respect to Real Property Assets owned by the Consolidated Entities or Minority Holdings of a Consolidated Entity for a period of less than twelve months, the purchase price of such Real Property Assets, (y) with respect to any Qualified Development Properties, costs incurred in connection therewith, and (z) Cash or Cash Equivalents of the Consolidated Entities only. Tangible FMV for Minority Holdings of any Consolidated Entity shall be determined on a pro rata basis based upon such Consolidated Entity’s ownership interest in such Minority Holdings.
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Tangible FMV means the sum of: ------------ pro rata share of replacement reserves for the real property assets of any --- ---- Minority Holdings of the Borrower, the Guarantor or their Consolidated Subsidiaries), divided by the FMV Cap Rate, and
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Examples of Tangible FMV in a sentence

  • Neither of the Borrowers nor CarrAmerica LP shall incur Debt secured by a Lien which in the aggregate exceeds 30% of Tangible FMV.

  • Notwithstanding the foregoing, the Borrower may, and may allow its Subsidiaries to, engage in all other development activities where there is construction completion risk provided that in no event shall the value at completion (determined in accordance with the book value thereof, in accordance with GAAP) of the Real Property Assets under such other type of development exceed ten percent (10%) of the Tangible FMV.

  • In addition, for purposes of calculating Tangible FMV as of the Closing and as of March 31, 1998, the pro forma financial statements, --- ----- dated as of December 31, 1997, shall be adjusted to reflect the acquisition of any Real Property Asset during the period from January 1, 1998 through March 31, 1998.

  • At all times and calculated as of the last day of each calendar quarter, Secured Debt of the Consolidated Entities shall not be greater than 30% of Tangible FMV.

  • Secured Debt of the Borrower, the -------------------------- Guarantor and their Consolidated Subsidiaries shall at no time exceed thirty percent (30%) of Tangible FMV.

  • Secured Debt of the Borrower, the -------------------------- Guarantor and their Consolidated Subsidiaries shall at no time exceed thirty- five percent (35%) of Tangible FMV.

  • No Consolidated Entity shall hold an interest (direct or indirect) in any joint venture or other equity investment in which the Consolidated Entity’s interest shall have an original purchase price which is equal to or greater than 15% of the Tangible FMV of the Real Property Assets collectively owned by the Consolidated Entities.

  • The -------------------------------------------- aggregate amount of the investments of the Borrower and its Consolidated Subsidiaries in any non-healthcare related assets will at no time exceed five percent (5%) of the Tangible FMV.

  • Secured Debt of the Borrower and its Consolidated Subsidiaries shall at no time exceed twenty-five percent (25%) of Tangible FMV.

  • At no time shall CarrAmerica LP own interests in Real Property Assets representing in the aggregate more than 30% of Tangible FMV.


More Definitions of Tangible FMV

Tangible FMV means the sum of (x) (i) with respect to Real Property ------------ Assets owned by the Borrower or its Consolidated Subsidiaries for a period of at least one year, the quotient of Net Operating Income with respect to such Real Property Assets determined for the four fiscal quarter period ending as of the last day of the previous calendar quarter, as divided by the FMV Cap Rate, (ii) with respect to Real Property Assets owned the Borrower or its Consolidated Subsidiaries for a period of less than six months, the purchase price of such Real Property Assets and (iii) with respect to Real Property Assets owned by the Borrower or its Consolidated Subsidiaries for a period of at least six months but less than one year, the lesser of (A) the purchase price of such Real Property Assets or (B) the quotient of Property Income attributable to such Real Property Assets for the period during which the Borrower or its Consolidated Sub sidiaries owned such Real Property Assets, but less Property Expenses attributable to such Real Property Assets for the period during which the Borrower or its Consolidated Subsidiaries owned such Real Property Assets, on an annualized basis, as divided by the FMV Cap Rate and (y) Cash or Cash Equivalents of the Borrower and its Consolidated Subsidiaries as of the date of determination.
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Tangible FMV means the sum of (x) (A) initially, the aggregate ------------ value of the Real Property Assets of the Borrower, Guarantor and their Consolidated Subsidiaries, as determined by Xxxxxxx & Wakefield pursuant to the valuations thereof dated March 13, 1998, and (B) commencing as of June 30, 1998 through June 30, 1999, the lesser of (1) the sum of (x) the aggregate value of the Real Property Assets owned by the Borrower, Guarantor and their Consolidated Subsidiaries as of the Closing Date, as determined by Xxxxxxx & Xxxxxxxxx pursuant to the valuations thereof dated March 13, 1998, and (y) with respect to all Real Property Assets acquired by the Borrower, Guarantor and their Consolidated Subsidiaries after the Closing Date, the quotient of (i) the Net Operating Cash Flow with respect thereto on an annualized basis, less an amount equal to the product of the G&A Percentage and such Net Operating Cash Flow, and (ii) the FMV Cap Rate, and (2) the quotient of Annual EBITDA from the period commencing on the Closing Date through the date of determination, on an annualized basis, and the FMV Cap Rate, and (C) commencing as of September 30, 1999, with respect to the sum of (i) those Real Property Assets owned by the Borrower, Guarantor and their consolidated Subsidiaries for a period of not less than four (4) fiscal quarters, the quotient of the Annual EBITDA with respect thereto, and the FMV Cap Rate, and (ii) with respect to those Real Property Assets owned by the Borrower, Guarantor and their Consolidated Subsidiaries for a period of less than four (4) fiscal quarters, an amount equal to the quotient of (1) the Net Operating Cash Flow with respect thereto, on an annualized basis, less an amount equal to the product of the G&A Percentage and such Net Operating Cash Flow, and (2) the FMV Cap Rate, and (y) Cash or Cash Equivalents of Borrower, Guarantor and their Consolidated Subsidiaries as of the date of determination.
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Tangible FMV means the sum of:
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Related to Tangible FMV

  • Tangible Property means any furniture, fixtures, leasehold improvements, vehicles, office equipment, computer equipment, other equipment, machinery, tools, forms, supplies or other tangible personal property of any nature.

  • Tangible Assets means assets consisting of land, buildings and plant, machinery and equipment;

  • Tangible Net Worth is, on any date, the consolidated total assets of Borrower and its Subsidiaries minus, (i) any amounts attributable to (a) goodwill, (b) intangible items such as unamortized debt discount and expense, Patents, trade and service marks and names, Copyrights and research and development expenses except prepaid expenses, and (c) reserves not already deducted from assets, and (ii)

  • Total Tangible Assets at any date of determination, the total amount of assets of the Guarantor and its Subsidiaries (without duplication and excluding any asset owned by the Guarantor or any Subsidiary that represents an obligation of the Guarantor or any other Subsidiary to such Subsidiary or Guarantor) after deducting therefrom all goodwill, trade names, trademarks, patents, licenses, copyrights and other intangible assets.

  • Tangible medium means a writing, copy of a writing, facsimile, or a physical reproduction, each on paper or on other tangible material.

  • Adjusted Tangible Net Worth As of the date of determination thereof, the sum of: (i) Servicer's Tangible Net Worth; plus (ii) one percent (1%) of the amount of Servicer's servicing portfolio, as determined by the Master Servicer in the Master Servicer's reasonable discretion.

  • Net Tangible Assets means the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the Company’s balance sheet, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the Company’s current liabilities appearing on such balance sheet. For purposes of this definition, the Company's balance sheet does not include assets and liabilities of its subsidiaries.

  • Intangible Assets means assets that are considered to be intangible assets under GAAP, including customer lists, goodwill, computer software, copyrights, trade names, trademarks, patents, franchises, licenses, unamortized deferred charges, unamortized debt discount and capitalized research and development costs.

  • Tangible Personal Property means, in respect of any Person, all machinery, equipment, tools, furniture, office equipment, supplies, materials, vehicles and other items of tangible personal or movable property (other than Inventories and IT Assets) of every kind and wherever located that are owned or leased by the Person, together with any express or implied warranty by the manufacturers, sellers or lessors of any item or component part thereof and all maintenance Records and other documents relating thereto.

  • Minimum Tangible Net Worth means, with respect to the Parent, at any time, the sum of (a) $1,418,939,250 plus (b) 75% of the aggregate net proceeds received by the Parent or any of its Subsidiaries after September 30, 2013 in connection with any offering of Stock or Stock Equivalents of the Parent or its Subsidiaries; provided however, that any such net proceeds used solely for the purpose of redeeming the Parent’s preferred stock shall not be included in such sum.

  • Intangible Property shall have the meaning given to such term in Section 2.1(c) hereof.

  • Intangible Asset means any asset which is treated as an intangible asset in conformity with GAAP, including, without limitation, leasehold rights, franchise rights, non-compete agreements, goodwill, unamortized debt discounts, patents, patent applications, trademarks, trade names, copyrights and licenses.

  • Tangibles means the Vendor's entire interest in and to all tangible depreciable property located in or on the Lands and used, or intended for use, in connection with production, storage, treatment or transportation operations respecting the Lands, including, without limitation, the well equipment, if any, relating to the xxxxx on the Lands;

  • Effective Tangible Net Worth means the Borrower’s stated net worth plus Subordinated Debt but less all intangible assets of the Borrower (i.e., goodwill, trademarks, patents, copyrights, organization expense, and similar intangible items including, but not limited to, investments in and all amounts due from affiliates, officers or employees).

  • Tangible chattel paper means chattel paper evidenced by a record or records consisting of information that is inscribed on a tangible medium.

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Intangible Personal Property means incorporeal personal property including, but not limited to, deposits in banks, negotiable instruments, mortgages, debts, receivables, shares of stock, bonds, notes, credits, evidences of an interest in property, evidences of debt, and choses in action generally.

  • Consolidated Tangible Net Worth means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, Shareholders’ Equity of the Borrower and its Subsidiaries on that date minus the Intangible Assets of the Borrower and its Subsidiaries on that date.

  • Consolidated Tangible Net Assets means, on any date of determination and with respect to any Person at any time, the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the consolidated balance sheet of such Person and its Consolidated Subsidiaries most recently delivered to the Lenders pursuant to Section 5.01(i) as of such date of determination, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the consolidated current liabilities of such Person and its Consolidated Subsidiaries appearing on such balance sheet.

  • Consolidated Tangible Assets means, for any Person, total assets of such Person and its consolidated Subsidiaries, determined on a consolidated basis, less goodwill, patents, trademarks and other assets classified as intangible assets in accordance with GAAP.

  • Consolidated Net Tangible Assets means total assets (less depreciation and valuation reserves and other reserves and items deductible from gross book value of specific asset accounts under GAAP) after deducting therefrom (i) all current liabilities and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount, organization expenses, and other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP.

  • Adjusted Consolidated Net Tangible Assets means (without duplication), as of the date of determination, the remainder of:

  • Tangible Information means information that is contained in written, electronic or other tangible forms.

  • Gross Asset Value means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, except as follows:

  • Consolidated Intangible Assets means, at any date, all assets of the Borrower and its Subsidiaries that are considered to be intangible assets under GAAP, including, without limitation, customer lists, goodwill, computer software, copyrights, trade names, trademarks, patents, franchises, licenses, unamortized deferred charges, unamortized debt discount and capitalized research and development costs.