Real Property Value definition

Real Property Value with (a) respect to any real property owned by a Loan Party on the Effective Date, the value of such real property (together with improvements thereon) on the Effective Date and (b) with respect to any real property acquired by a Loan Party after the Effective Date, the value of such real property (together with improvements thereon) at the time of the acquisition of such real property by such Loan Party, in each case as reasonably determined by New Holdings in good faith.
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Real Property Value means the annualized Net Operating Income as of the last day of the fiscal quarter of the Borrower most recently ended of all Properties in place at the end of such fiscal quarter divided by the applicable Capitalization Rate.
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Real Property Value means at any time the fair market value of the equity in all interests in Real Property held at such time by the Issuer and its Consolidated Subsidiaries as set forth in the most recent Appraisal to which shall be added related debt secured by real property, to the extent that such debt has been deducted in determining such fair market value.
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Examples of Real Property Value in a sentence

  • The Borrower shall not permit the ratio of (i) Unencumbered Real Property Value to (ii) total outstandings under Unsecured Indebtedness as of the end of any fiscal quarter of Borrower to be less than 1.75:1.

  • Each of the assets included by the Borrower in calculations of Unencumbered Real Property Value and Unencumbered Real Property Adjusted NOI satisfies all of the requirements contained in the definition of “Unencumbered Real Property”.

  • Such other documents as may be required by this Agreement, including an Affidavit of Real Property Value as required by law.

  • Section 7.20(c) is deleted in its entirety and shall be replaced as follows: The ratio of Consolidated Unsecured Indebtedness to Unencumbered Real Property Value to be greater than 0.625:1 as of the end of any fiscal quarter.

  • Buyer and Seller shall execute, acknowledge and deliver to Escrow Agent the Affidavit of Real Property Value required by Arizona Rev.

  • A Special Warranty Deed, in the form attached hereto as EXHIBIT E, conveying the Real Property to Purchaser, together with an Affidavit of Real Property Value as required by law.

  • The Guarantor shall not permit the ratio of (i) Unencumbered Real Property Value to (ii) total outstandings under Unsecured Indebtedness as of the end of any fiscal quarter of Guarantor to be less than 1.75:1.

  • Each Real Property included by the Borrower in calculations of Unencumbered Real Property Value and Unencumbered Real Property Adjusted NOI satisfies all of the requirements contained in the definition of “Unencumbered Real Property”.

  • A properly executed Arizona Affidavit of Real Property Value in the form promulgated by the Arizona Department of Revenue.

  • Notwithstanding the above, each of the Contributing Partners may elect, upon written notice to Home Properties given by the electing Contributing Partner on or before the end of the Due Diligence Period (hereinafter defined), to receive cash up to his or her percentage interest in RGII multiplied by the Net Real Property Value.


More Definitions of Real Property Value

Real Property Value means (i) with respect to Properties owned by the Borrower or any of its Subsidiaries for the entire four consecutive fiscal quarter period most recently ended, Net Operating Income for all such Properties for such period divided by the applicable Capitalization Rate and (ii) with respect to Properties (other than Properties that are developed but that are unleased and vacant, and undeveloped land) acquired during the four fiscal quarter period most recently ended, the purchase price paid by the Borrower or any Subsidiary (less any amounts paid to the Borrower or such Subsidiary as a purchase price adjustment, held in escrow, retained as a contingency reserve, or in connection with other similar arrangements) for such Property.
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Real Property Value means, at any time of determination, without duplication (a) the then Borrowing Base Pool Value, plus (b) the Capitalization Value for all other Real Property owned for more than two (2) Calendar Quarters, plus (c) the GAAP book value of Real Property acquired during the two (2) most recent Calendar Quarters, plus (d) the GAAP book value of Real Property under construction until the Real Property is substantially complete which in no case shall go beyond eighteen (18) months from commencement, plus (e) the GAAP book value of unimproved land, mortgages and notes from unrelated parties. The Equity Percentage of Unconsolidated Affiliates shall be included in calculations of Capitalization Value consistent with the above treatment for wholly owned assets. For purposes of determining Capitalization Value, Net Operating Income attributable to assets described in any of the immediately preceding clauses (c) through (e) shall be excluded from the determination of Adjusted Net Operating Income.
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Real Property Value means (a) the annualized Gross Lease Revenues as of the last day of the fiscal quarter of the Borrower most recently ended of all Properties in place at the end of such fiscal quarter divided by the applicable Capitalization Rate, or (b) in the case of a Property acquired by the Borrower or a Subsidiary during the immediately preceding period of 12 calendar months and that is not vacant, an amount equal to the purchase price paid for such Property (less any amounts paid as a purchase price adjustment, held in escrow, retained as a contingency reserve, or other similar arrangements), if such amount is greater than the amount for such Property determined in accordance with the preceding clause (a).
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Real Property Value. The "Real Property Value" shall be equal to $2,800,000.
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Real Property Value means (i) with respect to Properties owned by the Borrower or any of its Subsidiaries for the entire four consecutive fiscal quarter period
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Related to Real Property Value

  • Property Value means the fair market value of the real property, as remediated, less

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c) or 4.02.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.