Common use of Borrowing Base Value Clause in Contracts

Borrowing Base Value. 1. With respect to all Borrowing Base Properties owned by any Loan Party for less than or equal to twelve (12) months (excluding Included Development Assets), the purchase price of such Borrowing Base Properties $___________ 2. With respect to each other Borrowing Base Property including Included Development Assets), the quotient of (x) the consolidated Property NOI (as set forth on Exhibit B) of such Borrowing Base Property for the most recent Rolling Period divided by (y) the Capitalization Rate applicable for such Borrowing Base Property $___________ 3. Line A1 plus Line A2 (“Borrowing Base Value”) $___________

Borrowing Base Value. 1. With respect to all Borrowing Base Properties owned by any Loan Party for less than or equal to twelve (12) months (excluding Included Development Assets)months, the purchase price of such Borrowing Base Properties $___________ 2. With respect to each other Borrowing Base Property including Included Development Assets)Property, the quotient of (x) the consolidated Property NOI (as set forth on Exhibit B) of such Borrowing Base Property for the most recent Rolling Period divided by (y) the Capitalization Rate applicable for such Borrowing Base Property $___________ 3. Line A1 plus Line A2 (“Borrowing Base Value”) $___________