Value of the Project. As of the relevant date of determination the aggregate value of all of the properties comprising the Project based upon the next preceding twelve (12) month Net Operating Income divided by a 9.50% capitalization rate. Wholly Owned Subsidiaries. Any Subsidiary which: FSP or its principals shall own directly or indirectly (through a Subsidiary or Subsidiaries) 100% of the outstanding voting interest and economic interest. Schedule 2 List of Borrowers; General Partners of Borrowers Part A Wholly Owned Subsidiaries FSP Weslayan Oaks Limited Partnership Essex Lane Associates Limited Partnership FSP Apartment Properties Limited Partnership FSP Park Seneca Limited Partnership FSP Santa Clara Limited Partnership FXX Xxedmont Center Limited Partnership One Technology Drive Limited Partnership FSP North Andover Office Park Limited Partnership General Partner of the Wholly Owned Subsidiaries Listed in Part A The sole general partner of each of the above-listed Wholly Owned Subsidiaries is FSP Holdings LLC. Part B Wholly Owned Subsidiaries Which Are Not Borrowers Hereunder FSP Holdings LLC, the sole member of which is Franklin Street Partners Limited Partnership. Franklin Street Partners Limited Partnership The General Partners of Franklin Street Partners Limited Partnership are the following: George J. Carter X. Xxxxx XxxXxxe Rixxxxx X., Xxxris Xxxxxxx W. Xxxxxxxx Schedule 3 [Intentionally Deleted] Schedule 4 Advance/Loan Request [Date] Citizens Bank of Massachusetts 28 State Street Boston, Massachusexxx 00000 Xxxxxxxxx: _______________ Loan No. ________________ Dear Gentlemen: This letter is to request an Advance of the above-referenced loan in the amount of $________________ (the "Advance"). The Advance shall be transferred to Account No. _________________ with Citizens Bank of Massachusetts and received in said Account by _________, ______ at _________ a.m./p.m. Very truly yours, FRANKLIN STREET PARTNERS LIMITED PARTNERSHIP By:________________________ Name: Its: Schedule 5 Subsidiaries FSP Holdings LLC FSP Investments LLC FSP Property Management LLC FSP Weslayan Oaks Limited Partnership Essex Lane Associates Limited Partnership FSP Apartment Properties Limited Partnership FSP Park Seneca Limited Partnership FSP Santa Clara Limited Partnership FSP Piedmont Center Limited Partnership One Technology Drive Limited Partnership FSP North Andover Office Park Limited Partnership Environmental Reports
Value of the Project. Not Determined by Series 2021 Bonds. The Unified Government and the Company acknowledge that it is not the intent of the parties that the principal amount of the Series 2021 Bonds be used for the purpose of determining the appraised value of the Project or any portion thereof for tax purposes.
Value of the Project. The full value of the Assets delivered through this Project and transferred into Network Rail's ownership includes the value of the Works completed in accordance with the above Scope of Works for the Capped Purchase Price, [together with amounts for the relevant design and development deliverables already paid for] and the value of any other Third Party funded Works identified above. Project Works item Value (£) Capped Price for GRIP Stages [insert relevant GRIP stage] payable to the Delivery Agent funded by [Third Party Funder] [(already invoiced and paid for and excluded from the Capped Purchase Price)]. [insert amount] Capped Price for GRIP Stages [insert relevant GRIP stage] payable to the Delivery Agent funded by SCPF [(already invoiced and paid for and excluded from the Capped Purchase Price)]. [insert amount] Network Rail Activities for GRIP Stages [insert relevant GRIP stage] funded by SCPF [(already invoiced and paid for and excluded from the Capped Purchase Price)]. [insert amount] Capped Price for GRIP Stages [insert relevant GRIP stage] payable to the Delivery Agent funded by [Third Party Funder]. [insert amount] Capped Price for GRIP Stages [insert relevant GRIP stage] payable to the Delivery Agent funded by SCPF. [insert amount] Network Rail Activities for GRIP Stages [insert relevant GRIP stage] funded by SCPF. [insert amount] Total Asset value of the Project at [Name of Station] [insert amount = total of above] The Programme The following represents the Programme for the key stages of the Works. The indicative timescales are as follows: Activity Completion Date [E.g. Delivery Agent commences GRIP Stages 1 to 3] [Insert date]
