Increase in Value definition

Increase in Value means the difference between the Appraised Value of a property at the time of funding a Mortgage Loan and the Appraised Value of such property (or the fair market value of the consideration received in the case of a sale) upon the earlier of the maturity of the Mortgage Loan or the sale or refinancing of the collateral property, net of the actual cost incurred in connection with the improvement of the collateral property since the date of the funding of the Mortgage Loan. For purposes of this definition, the phrase "actual cost incurred" shall refer to all costs paid by the Borrower to Affiliated and Non-Affiliated parties in connection with the acquisition, holding, ownership, or development or improvement of the property, including without limitation, costs of acquiring and financing the property.
View Source
Increase in Value means the amount determined at December 31st for each year of the Annual Bonus Plan by the formula:
View Source
Increase in Value means the positive difference between (i) the appraised value of the Development Property, as reflected in a third party MAI-certified appraisal as of a date no more than ten (10) days prior to the date of issuance of the final certificate of occupancy for the Development Property, and (ii) the value of the Initial Preferred Shares and the Adjustment Preferred Shares (as defined below) plus the amount of debt encumbering the Development Property as of such date.
View Source

Examples of Increase in Value in a sentence

  • For purposes of this Agreement, a “Decrease in Pre-Closing Value” shall mean any decrease in the value of the Companies as of the Closing Date, if any, as determined in good faith by Buyer and Parent prior to Closing, which for purposes of this Agreement shall be deemed to equal (a) [****] (b) the amount (if any) by which the January 31 Shortfall (if any) exceeds the Subsequent Increase in Value (if any).

  • On the Closing Date, the increase in the value of the Preferred Shares since June 30, 2007, shall be determined by multiplying $70,547,000 x 0.08, thus: [ ] number of elapsed days $70,547,000 x .08 X between June 30, 2007 = Increase in Value 365 and the Closing Date This Increase in Value shall be added to $70,547,000 and the total shall be multiplied by 90% to arrive at the Purchase Price.

  • Notary Public Tax Levy: 2.0059370% Interest Rate: 3.50% Number of Years: 15 2019 Assessed Property Value $1,582,300 Total Value of Completed Project: $4,205,910 Increase in Value: $2,623,610 Total annual Taxes on Completed Project: $84,368 Increase in annual Taxes: (at 3.5% interest rate over 15 years) Administration Fee $ 5500 Bond Counsel $ 7,500 Site Acquisition $ 537,000 Alley & ROW Imp.


More Definitions of Increase in Value

Increase in Value means the increase in value of the Property upon a Disposal between the Acquisition Price of the Property and the Open Market Value of the Property on such a Disposal as at the Relevant Date; Declaring that where the Increase in Value is to be calculated in respect of a Disposal of less than the whole of the Property, such increase shall be calculated on a fair and equitable basis having regard to the Open Market Value of the part or parts of the Property which are subject to the Disposal and using a fair and equitable apportionment of the Acquisition Price;
View Source

Related to Increase in Value

  • Increase Amount is defined in Section 2.3(a).

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $15,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Increase Date has the meaning specified in Section 2.18(a).

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).