Tangible FMV definition

Tangible FMV means the aggregate of (i) ▇▇▇▇ Tangible FMV and (ii) ▇▇▇▇ ▇▇ Tangible FMV.
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Tangible FMV means the sum of: ------------
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Tangible FMV means the sum of (x) (i) with respect to Real Property Assets owned by the Consolidated Entities or Minority Holdings of a Consolidated Entity for a period of at least twelve months, the quotient of Net Operating Income with respect to such Real Property Assets determined as of the last day of the immediately preceding calendar quarter, less reserves for Capital Expenditures of $.50 per square foot per annum for each Real Property Asset owned as of the last day of such immediately preceding calendar quarter, the sum of which is capitalized at the FMV Cap Rate, and (ii) with respect to Real Property Assets owned by the Consolidated Entities or Minority Holdings of a Consolidated Entity for a period of less than twelve months, the purchase price of such Real Property Assets, (y) with respect to any Qualified Development Properties, costs incurred in connection therewith, and (z) Cash or Cash Equivalents of the Consolidated Entities only. Tangible FMV for Minority Holdings of any Consolidated Entity shall be determined on a pro rata basis based upon such Consolidated Entity’s ownership interest in such Minority Holdings.
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Examples of Tangible FMV in a sentence

  • Neither of the Borrowers nor CarrAmerica LP shall incur Debt secured by a Lien which in the aggregate exceeds 30% of Tangible FMV.

  • Secured Debt of the Borrower, the -------------------------- Guarantor and their Consolidated Subsidiaries shall at no time exceed thirty percent (30%) of Tangible FMV.

  • In addition, for purposes of calculating Tangible FMV as of the Closing and as of March 31, 1998, the pro forma financial statements, --- ----- dated as of December 31, 1997, shall be adjusted to reflect the acquisition of any Real Property Asset during the period from January 1, 1998 through March 31, 1998.

  • Notwithstanding the foregoing, the Borrower may, and may allow its Subsidiaries to, engage in all other development activities where there is construction completion risk provided that in no event shall the value at completion (determined in accordance with the book value thereof, in accordance with GAAP) of the Real Property Assets under such other type of development exceed ten percent (10%) of the Tangible FMV.

  • Secured Debt of the Borrower, the -------------------------- Guarantor and their Consolidated Subsidiaries shall at no time exceed thirty- five percent (35%) of Tangible FMV.

  • No Consolidated Entity shall hold an interest (direct or indirect) in any joint venture or other equity investment in which the Consolidated Entity’s interest shall have an original purchase price which is equal to or greater than 15% of the Tangible FMV of the Real Property Assets collectively owned by the Consolidated Entities.

  • At all times and calculated as of the last day of each calendar quarter, Secured Debt of the Consolidated Entities shall not be greater than 30% of Tangible FMV.

  • The aggregate amount of the investments of the Borrower and its Consolidated Subsidiaries in any non-healthcare related assets will at no time exceed five percent (5%) of the Tangible FMV.

  • At no time shall CarrAmerica LP own interests in Real Property Assets representing in the aggregate more than 30% of Tangible FMV.

  • The -------------------------------------------- aggregate amount of the investments of the Borrower and its Consolidated Subsidiaries in any non-healthcare related assets will at no time exceed five percent (5%) of the Tangible FMV.


More Definitions of Tangible FMV

Tangible FMV. (B) with respect to Real Property Assets owned by the Borrower, the Guarantor or any of their Consolidated Subsidiaries for a period of less than four (4) fiscal quarters and more than one (1) fiscal quarter, the lesser of (i) the quotient of Net Operating Income with respect to Real Property Assets (and the Borrower's and the Guarantor's pro rata share of net operating income --- ---- from the real property assets of any Minority Holdings of the Borrower, the Guarantor or any of their Consolidated Subsidiaries) determined as of the last day of the previous calendar quarter, on an annualized basis, less replacement ---- reserves of $.20 per square foot per annum for each Real Property Asset (and the Borrower's and the Guarantor's pro rata share of replacement reserves for the --- ---- real property assets of any Minority Holdings of the Borrower, the Guarantor or their Consolidated Subsidiaries), divided by the FMV Cap Rate, and (ii) the purchase price actually paid by the Borrower, the Guarantor or any of their Consolidated Subsidiaries (as applicable) for such Real Property Asset, and
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Tangible FMV means the sum of (x) (i) with respect to Real Property ------------ Assets owned by the Borrower or its Consolidated Subsidiaries for a period of at least one year, the quotient of Net Operating Income with respect to such Real Property Assets determined for the four fiscal quarter period ending as of the last day of the previous calendar quarter, as divided by the FMV Cap Rate, (ii) with respect to Real Property Assets owned the Borrower or its Consolidated Subsidiaries for a period of less than six months, the purchase price of such Real Property Assets and (iii) with respect to Real Property Assets owned by the Borrower or its Consolidated Subsidiaries for a period of at least six months but less than one year, the lesser of (A) the purchase price of such Real Property Assets or (B) the quotient of Property Income attributable to such Real Property Assets for the period during which the Borrower or its Consolidated Subsidiaries owned such Real Property Assets, but less Property Expenses attributable to such Real Property Assets for the period during which the Borrower or its Consolidated Subsidiaries owned such Real Property Assets, on an annualized basis, as divided by the FMV Cap Rate and (y) Cash or Cash Equivalents of the Borrower and its Consolidated Subsidiaries as of the date of determination.
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Tangible FMV means the sum of (x) (A) initially, the aggregate value of the Real Property Assets of the Borrower, Guarantor and their Consolidated Subsidiaries, as determined by ▇▇▇▇▇▇▇ & Wakefield pursuant to the valuations thereof dated March 13, 1998, and (B) commencing as of June 30, 1998 through June 30, 1999, the lesser of (1) the sum of (x) the aggregate value of the Real Property Assets owned by the Borrower, Guarantor and their Consolidated Subsidiaries as of the Closing Date, as determined by ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇ pursuant to the valuations thereof dated March 13, 1998, and (y) with respect to all Real Property Assets acquired by the Borrower, Guarantor and their Consolidated Subsidiaries after the Closing Date, the quotient of (i) the Net Operating Cash Flow with respect thereto on an annualized basis, less an amount equal to the product of the G&A Percentage and such Net Operating Cash Flow, and (ii) the FMV Cap Rate, and (2) the quotient of Annual EBITDA from the period commencing on the Closing Date through the date of determination, on an annualized basis, and the FMV Cap Rate, and (C) commencing as of September 30, 1999, with respect to the sum of (i) those Real Property Assets owned by the Borrower, Guarantor and their Consolidated Subsidiaries for a period of not less than four (4) fiscal quarters, the quotient of the Annual EBITDA with respect thereto, and the FMV Cap Rate, and (ii) with respect to those Real Property Assets owned by the Borrower, Guarantor and their Consolidated Subsidiaries for a period of less than four (4) fiscal quarters, an amount equal to the quotient of (1) the Net Operating Cash Flow with respect thereto, on an annualized basis, less an amount equal to the product of the G&A Percentage and such Net Operating Cash Flow, and (2) the FMV Cap Rate, and (y) Cash or Cash Equivalents of Borrower, Guarantor and their Consolidated Subsidiaries as of the date of determination.
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Related to Tangible FMV

  • Tangible Property means any furniture, fixtures, leasehold improvements, vehicles, office equipment, computer equipment, other equipment, machinery, tools, forms, supplies or other tangible personal property of any nature.

  • Tangible Assets means assets consisting of land, buildings and plant, machinery and equipment;

  • Tangible Net Worth means, as of any date, (a) Total Asset Value minus (b) the sum of (i) Consolidated Total Debt and (ii) to the extent included in the calculation of Total Asset Value, goodwill and other intangible assets (other than deferred leasing intangibles).

  • Total Tangible Assets means, as of any date, (a) the aggregate amount of the assets (other than intangible assets, goodwill and deferred tax assets) of the Group, as disclosed on the consolidated statement of financial position in the most recent Accounts of the Group, minus (b) the lesser of (i) the aggregate value of all Project Assets subject to any Lien securing any Limited Recourse Indebtedness and (ii) the aggregate principal amount of Limited Recourse Indebtedness, in each case, as reflected in (or derived from) the most recent Accounts of the Group, plus (c) the net cash proceeds received by the Parent Guarantor from any share capital issuance by the Parent Guarantor consummated after the date of the most recent balance sheet included in such Accounts and on or prior to such date.

  • Tangible medium means a writing, copy of a writing, facsimile, or a physical reproduction, each on paper or on other tangible material.