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For purposes of the foregoing, income from signed leases shall be equal to 70% of the revenues payable by the tenant. 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For purposes of the foregoing, income from signed leases shall be equal to 90% of the revenues payable by the tenant. Once an election of (ii) above is chosen, the asset will continue to be valued under that method until the asset is no longer an Asset Under Development.", "samples": [{"hash": "kpkgiW3Oqtx", "uri": "/contracts/kpkgiW3Oqtx#assets-under-development", "label": "Secured Term Loan Agreement (Developers Diversified Realty Corp)", "score": 21.0, "published": true}, {"hash": "9RK1V0V72zM", "uri": "/contracts/9RK1V0V72zM#assets-under-development", "label": "Credit Agreement (Developers Diversified Realty Corp)", "score": 21.0, "published": true}], "size": 4, "hash": "76f2db8e7d5dcf0066b08253c4a6f7fa", "id": 10}], "next_curs": "CmUSX2oVc35sYXdpbnNpZGVyY29udHJhY3RzckELEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIhYXNzZXRzLXVuZGVyLWRldmVsb3BtZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"snippet": "means any real property under construction (excluding any completed Property under minor renovation) until such property has received a certificate of occupancy.", "title": "Assets Under Development", "size": 212, "id": "assets-under-development", "examples": ["All expenditures made and all liabilities incurred (contingently or otherwise, but without double-counting): (i) for the acquisition of stock, partnership or other equity interests or for the acquisition of Indebtedness of, or for loans, advances, capital contributions or transfers of property to, any Person; (ii) in connection with Real Estate <strong>Assets Under Development</strong>; and (iii) for the acquisition of any other obligations of any Person.", "Notwithstanding the foregoing, tenant improvements (where available) to previously constructed and/or leased Real Estate Assets shall not be considered Real Estate <strong>Assets Under Development</strong>.", "Notwithstanding the foregoing, tenant improvements to previously constructed and/or leased Real Estate Assets shall not be considered Real Estate <strong>Assets Under Development</strong>.", "All expenditures made and all liabilities incurred (contingently or otherwise, but without double-counting): (i) for the acquisition of stock, partnership or other Equity Interests or for the acquisition of Indebtedness of, or for loans, advances, capital contributions or transfers of property to, any Person; (ii) in connection with Real Estate <strong>Assets Under Development</strong>; and (iii) for the acquisition of any other obligations of any Person.", "Other Indirect Expenses incurred relating to project, net of income earned during the project development stage prior to its intended use, are considered as pre - operative expenses and disclosed under Intangible <strong>Assets Under Development</strong>.", "The rights of way for all roads necessary for the full use of the <strong>Assets Under Development</strong> for their intended purposes have either been acquired by the appropriate Governmental Authority or have been dedicated to public use and accepted by such Governmental Authority.", "Notwithstanding anything to the contrary in the Agreement, including Section 14.30 of the Agreement, the parties shall review, within thirty (30) days after the Effective Date, the amount of the credit Sellers agreed to give Buyers at Closing for the cost to complete the <strong>Assets Under Development</strong> pursuant to Section 14.30 of the Agreement, and make any adjustments as may be advisable on the basis of the best data then available.", "All such roads shall have been completed, and the right to use all such roads, or suitable substitute rights of way approved by the Agent, have been obtained and shall be maintained at all times for the <strong>Assets Under Development</strong>.", "All expenditures made and all liabilities incurred ----------- (contingently or otherwise, but without double-counting): (i) for the acquisition of stock, partnership or other equity interests or for the acquisition of Indebtedness of, or for loans, advances, capital contributions or transfers of property to, any Person; (ii) in connection with Real Estate <strong>Assets Under Development</strong>; and (iii) for the acquisition of any other obligations of any Person.", "The aggregate value of Borrower&#x27;s Unencumbered Real Estate Assets for the purposes of this Section 5.19(g) shall be determined (x) by including therein fifty percent (50%) of the book value of the <strong>Assets Under Development</strong> and of the Raw Land comprised within Borrower&#x27;s Unencumbered Real Estate Assets, and (y) with respect to Unencumbered Real Estate Assets other than <strong>Assets Under Development</strong> or Raw Land, determined by reference to the Capitalization Factor."], "related": [["lots-under-development", "Lots Under Development", "Lots Under Development"], ["total-assets-under-management", "Total Assets under Management", "Total Assets under Management"], ["assets-under-management", "Assets Under Management", "Assets Under Management"], ["undeveloped-land", "Undeveloped Land", "Undeveloped Land"], ["developed-land", "Developed Land", "Developed Land"]], "related_snippets": [], "updated": "2026-01-25T04:25:28+00:00"}, "json": true, "cursor": ""}}