Value of the Properties Clause Samples

The 'Value of the Properties' clause defines how the worth of the properties involved in the agreement is determined. Typically, this clause outlines the method for valuation, such as using independent appraisals, market comparisons, or agreed-upon formulas, and may specify when and by whom the valuation is to be conducted. Its core function is to ensure both parties have a clear, objective basis for assessing the properties' value, thereby reducing disputes and facilitating fair transactions.
Value of the Properties. Since this act constitutes a mortgage on various properties, the Borrower and the Agent expressly agree that for the exclusive and sole purposes of the registration of this Agreement, each of such properties guarantees the following portions of the Credit and its accessories: 1. Private unit 1: USD$78'880,000.00 (Seventy-eight million eight hundred and eighty thousand Dollars 00/100). 2. Private unit 4: USD$35,520,000.00 (Thirty-five million five hundred and twenty thousand Dollars 00/100). 3. Private unit 5: USD$45,600,000.00 (Forty-five million six hundred thousand Dollars 00/100). The Borrower and the Agent agree that the portions in which each of the Properties guarantees the Credit and its accessories, be noted in the corresponding Public Property Registry. Despite the foregoing, the Borrower expressly renounces the power conferred on him by article 2912 of the CCF and its correlative of the CCQ, for which it is expressly agreed that the mortgage guarantee on all the Properties will remain in force while any Guaranteed Obligation is pending. payment. By virtue of the foregoing, the Borrower expressly renounces the power to request that the mortgage lien on any of the Properties be redeemed due to the decrease in the unpaid balance of the Guaranteed Obligations.
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Value of the Properties. As of the relevant date of determination the aggregate value of the Properties based upon the test quarter Net Operating Income multiplied by four (4) and divided by a 8.25% capitalization rate (7% for CBD Properties). For any acquisitions made during a quarter the Net Operating Income will be calculated by dividing Net Operating Income by the number of months such asset(s) is owned during such test quarter multiplied by 3 to approximate a full quarter.”
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Value of the Properties. Since a mortgage is hereby established on several properties, the Borrower and the Agent expressly agree that for the exclusive and only purposes of the registration of this Agreement, each of such properties guarantees the following portions of the Loan and its ancillary amounts:
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Value of the Properties. Based on the audited consolidated financial statements of the Group for the financial period ended 31 December 2021 (“FY2021”) (the “FY2021 Results”), the net tangible asset value (“NTA”) (or book value) of the Contra Properties and the Properties attributable to the Company is RM35,584,674.00 (equivalent to approximately S$11,199,306.00) and RM51,987,150.00 (equivalent to approximately S$16,361,538.00) as at 31 December 2021 respectively. Based on the unaudited condensed interim consolidated financial results of the Group for the three months ended 31 March 2022 (the “3M2022 Results”), the book value and NTA value of the Contra Properties and the Properties attributable to the Company is RM35,584,674.00 (equivalent to approximately S$11,199,306.00) and RM51,987,150.00 (equivalent to approximately S$16,361,538.00) as at 31 March 2022 respectively. The Properties are currently held for sale and do not have any net profit attributable to them. No independent valuation on the Properties was performed for the purpose of the Proposed Settlement as the net price for each of the Properties is based on the current market selling prices of the balance units of the Astaka Project (after taking into account the Sales Package), with a net price range of between RM1,700,000 to RM2,400,000.
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Related to Value of the Properties

  • Borrowing Base Properties (a) Except where the failure to comply with any of the following would not have a Material Adverse Effect, each of Parent and Borrower shall, and shall use commercially reasonable efforts to cause each other Loan Party or the applicable tenant, to: (b) Pay all real estate and personal property taxes, assessments, water rates or sewer rents, ground rents, maintenance charges, impositions, and any other charges, including vault charges and license fees for the use of vaults, chutes and similar areas adjoining any Borrowing Base Property, now or hereafter levied or assessed or imposed against any Borrowing Base Property or any part thereof (except those which are being contested in good faith by appropriate proceedings diligently conducted). (c) Promptly pay (or cause to be paid) when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with any Borrowing Base Property (except those which are being contested in good faith by appropriate proceedings diligently conducted), and in any event never permit to be created or exist in respect of any Borrowing Base Property or any part thereof any other or additional Lien or security interest other than Liens permitted by Section 8.01. (d) Operate the Borrowing Base Properties in a good and workmanlike manner and in all material respects in accordance with all Laws in accordance with such Loan Party’s prudent business judgment. (e) Cause each other Loan Party to, to the extent owned and controlled by a Loan Party, preserve, protect, renew, extend and retain all material rights and privileges granted for or applicable to each Borrowing Base Property.

  • Sale of the Property Any sale of the Property shall not affect this Lease or any of your obligations, but upon such sale we will be released from all of our obligations under this Lease and the new owner of the Property will be responsible for the performance of the duties of "Landlord" from and after the date of such sale.

  • The Properties Attached hereto as Schedule I is the description of certain Land (the "Subject Property"). Effective upon the execution and delivery of this Lease Supplement by Lessor and Lessee, such Land, together with any Building and other improvements thereon or which thereafter may be constructed thereon shall be subject to the terms and provisions of the Lease and Lessor hereby grants, conveys, transfers and assigns to the Related Lessee those interests, rights, titles, estates, powers and privileges provided for in the Lease with respect to the Subject Property.

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • Value of Mortgaged Property The Seller has no knowledge of any circumstances existing that could reasonably be expected to adversely affect the value or the marketability of any Mortgaged Property or Mortgage Loan or to cause the Mortgage Loans to prepay during any period materially faster or slower than similar mortgage loans held by the Seller generally secured by properties in the same geographic area as the related Mortgaged Property;