CAP RATES Clause Samples
CAP RATES. The Lender shall determine Cap Rates for the Mortgaged Properties approximately once each year. The Lender shall determine the Cap Rates in its sole and absolute discretion, on the basis of its internal survey and analysis of cap rates for comparable sales in the vicinity of the Mortgaged Property, with such adjustments as the Lender deems appropriate in its sole and absolute discretion and shall not be obligated to rely on any information provided by the Borrower Parties. The Lender shall have the right to select additional Cap Rates during the year at any time the Lender determines that changed market or property conditions warrant such action.
CAP RATES. The Lender shall determine Cap Rates for the Mortgaged Properties and Lakehaven Properties approximately once each year. The Lender shall determine the Cap Rates in its sole and absolute discretion, on the basis of its internal survey and analysis of cap rates for comparable sales in the vicinity of the Mortgaged Properties and the Lakehaven Properties, with such adjustments as the Lender deems appropriate in its sole and absolute discretion and shall not be obligated to rely on any information provided by the AIMCO Parties. The Lender shall have the right to select additional Cap Rates during the year at any time the Lender determines that changed market or property conditions warrant such action.