Value of real property definition

Value of real property means the most recently assessed value in lieu of a more current appraisal.
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Examples of Value of real property in a sentence

  • The total amount of Equity Value of real property subject to incentive compensation under this Agreement shall not exceed $ 50 million.

  • The total amount of Equity Value of real property subject to incentive compensation under this Agreement shall not exceed $25 million.

  • For and in consideration of the agreements of the parties set forth in this Agreement, the County agrees to participate in the Reinvestment Zone by contributing into the Tax Increment Fund 75% of its Tax Increment each year during the term of this Agreement on the Captured Appraised Value of real property within the Reinvestment Zone.

  • The City agrees to participate in the Reinvestment Zone by contributing into the Tax Increment Fund 75% of its Tax Increment each year during the term of the Agreement on the Captured Appraised Value of real property within the Reinvestment Zone up to a total amount of $9,000,000.00.

  • The Fair Market Value of real property as determined by the most recent Appraisal obtained pursuant to Section 14.2.

  • An appraisal of the Fair Market Value of real property, in full compliance with FIRREA, taking into account the current permissible uses of such property under existing laws and regulations applicable thereto, independently and impartially prepared in writing by a qualified appraiser selected and retained by Agent, who is not employed by the Borrower; the form and substance of such appraisal to be reviewed and approved by the Agent.

  • For and in consideration of the agreements of the parties set forth in this Agreement, the County agrees to participate in the Reinvestment Zone by contributing into the Tax Increment Fund one hundred percent (100%) of its Tax Increment each year during the term of this Agreement on the Captured Appraised Value of real property within the Reinvestment Zone.

Related to Value of real property

  • Eligible Real Property means, on any date, the real property owned in fee by a Loan Party (i) that is acceptable in the Permitted Discretion of the Collateral Agent for inclusion in the Borrowing Base, (ii) in respect of which a Real Property Appraisal has been delivered to the Collateral Agent prior to its inclusion in the Borrowing Base and during the 12-month period ending on such date, (iii) in respect of which the Collateral Agent is satisfied that all actions necessary or desirable in order to create a perfected first priority Lien on such real property in favor of the Collateral Agent have been taken, including the filing and recording of Mortgages, (iv) in respect of which an environmental assessment report has been completed and delivered to the Collateral Agent in form and substance reasonably satisfactory to the Lenders and which does not indicate any pending, threatened or existing Environmental Liability, or noncompliance with any Environmental Law, (v) in respect of which the Company shall have delivered a fully-paid valid title insurance policy in form and substance reasonably satisfactory to the Collateral Agent naming the Collateral Agent as the insured for the benefit of the Lenders, issued by a nationally recognized title insurance company reasonably acceptable to the Collateral Agent, insuring the Lien of such Mortgage as a valid and enforceable first priority Lien on the Eligible Real Property described therein, with such customary endorsements reasonably requested by the Collateral Agent and (vi) if requested by the Collateral Agent: (A) a completed ALTA survey reasonably acceptable to the Collateral Agent has been delivered for which all necessary fees have been paid and which is dated no more than 30 days prior to the date on which the applicable Mortgage is recorded, certified to the Collateral Agent and the issuer of the title insurance policy in a manner reasonably satisfactory to the Collateral Agent by a land surveyor duly registered and licensed in the state in which such Eligible Real Property is located and acceptable to the Agent; (B) in respect of which local counsel for the Company in states in which the Eligible Real Property is located have delivered a letter of opinion with respect to the enforceability and perfection of the Mortgages and any related fixture filings in form and substance reasonably satisfactory to the Collateral Agent; (C) in respect of which the Company shall have used its commercially reasonable best efforts to obtain estoppel certificates executed by all tenants of such Eligible Real Property and such other consents, agreements and confirmations of lessors and third parties have been delivered to the Collateral Agent as the Collateral Agent may deem necessary or desirable; and (D) a completed “Life of Loan” Federal Emergency Management Agency standard flood hazard determination obtained with respect to such Eligible Real Property, together with evidence that all other customary actions that the Collateral Agent may reasonably deem necessary or desirable in order to create perfected first priority Liens on the property described in the Mortgages in favor of the Collateral Agent have been taken; provided, however, Eligible Real Property shall exclude (a) any real property located outside of the United States of America and (b) any Flood Hazard Property.

  • Fair Market Value Excess With respect to each Mortgage Loan to be purchased pursuant to Section 10.01(a), the excess, if any, of the Fair Market Value Call Price for such Mortgage Loan, over the Par Call Price for such Mortgage Loan. Any Fair Market Value Excess will not become part of the related Group Available Funds, but shall instead be distributed directly to the Holders of the Class A-LR Certificates pursuant to Section 4.02(g).

  • Value of Contract means the sum accepted or the sum calculated in accordance with the prices accepted in Tender and/or the Contract rates as payable to the Contractor for the entire execution and full completion of the work.

  • Fair Market Value means, as of any date, the value of the Common Stock determined as follows:

  • Market Value as defined in the regulation prescribing the standards for real estate appraisals used in federally related transactions, 12