Vacant Possession Value definition
Vacant Possession Value means the Market Value of the Headlease of the applicable Mortgaged Property assuming vacant possession of the property and assuming that the option to renew the Occupational Lease of the property has not and will not be exercised.
Vacant Possession Value means the value of each unit comprising the Initial Real Estate Assets determined by the Agenzia del Territorio pursuant to Article 3 of Law Decree No. 351**.
Vacant Possession Value has the meaning given to such term in Clause 19 (Financial Covenants).