Common use of Liquidation Amount Clause in Contracts

Liquidation Amount. For purposes of this Agreement, “Liquidation Amount” for the Manager shall mean the amount that the Manager would receive under Section 6.1(b) of this Agreement if all of the Company’s assets, including, without limitation, the Property, were sold at the Property Value (as defined by Section 12.3(b)), all indebtedness and other obligations of the Company as of the date of determination of the Liquidation Amount were then paid, the Company were liquidated and the balance were then distributed as set forth under such Section 6.1(b).