Consolidated Market Value means, as of any date, an amount equal to the sum of (a) the Consolidated Capitalization Value as of such date, plus (b) the value of Unrestricted Cash and Cash Equivalents, plus (c) the lesser of (i) the value of Assets Under Development, or (ii) ten percent (10%) of the Consolidated Capitalization Value plus (d) the lesser of (i) 100% of the then-current value under GAAP of all First Mortgage Receivables or (ii) five percent (5%) of the Consolidated Capitalization Value, plus (e) the lesser of (i) 100% of the then-current book value, as determined in accordance with GAAP, of Developable Land, or (ii) 5% of total Consolidated Capitalization Value plus (f) cash from like-kind exchanges on deposit with a qualified intermediary (provided that the amount included in Consolidated Market Value pursuant to this clause (f) shall not exceed 10% of the Consolidated Capitalization Value).
Consolidated Market Value means, as of any date, an amount equal to the sum of (a) the Consolidated Capitalization Value as of such date, plus (b) the value of Unrestricted Cash and Cash Equivalents, plus (c) the lesser of (i) the value of Assets Under Development, or (ii) ten percent (10%) of the Consolidated Capitalization Value plus (d) the lesser of (i) 100% of the then-current value under GAAP of all First Mortgage Receivables or (ii) five percent (5%) of the Consolidated Capitalization Value, plus (e) the lesser of (i) 100% of the then-current book value, as determined in accordance with GAAP, of Developable Land, or (ii) 5% of total Consolidated Capitalization Value plus (f) cash from like-kind exchanges on deposit with a qualified intermediary (provided that the amount included in Consolidated Market Value pursuant to this clause (f) shall not exceed 10% of the Consolidated Capitalization Value), plus (g) the value of Mezzanine Debt Investments that are not more than ninety (90) days past due determined in accordance with GAAP (provided that the amount included in Consolidated Market Value for Mezzanine Debt Investments pursuant to this clause (g) shall not exceed 7% of the Consolidated Capitalization Value).
Examples of Consolidated Market Value in a sentence
The Borrower and its Subsidiaries shall not at any time permit the outstanding principal balance of Indebtedness which bears interest at an interest rate that is not fixed through the maturity date of such Indebtedness to exceed 35% of Consolidated Market Value, unless all of such Indebtedness in excess of 35% of Consolidated Market Value is subject to a Rate Management Transaction approved by the Administrative Agent that effectively converts the interest rate on such excess to a fixed rate.
As at the end of any fiscal quarter or any other date of measurement, the Borrower shall not permit Consolidated Secured Indebtedness to exceed 40% of Consolidated Market Value.
As at the end of any fiscal --------------------------------- quarter or any other date of measurement, the Borrower shall not permit Consolidated Secured Indebtedness to exceed 40% of Consolidated Market Value.
The Borrower will not permit its total Consolidated Market Value minus its Consolidated Outstanding Indebtedness to be less than $500,000,000, as of any date of determination.
For purposes of this (S)9.1, Consolidated Market Value shall be adjusted on a pro-forma basis to account for Real Estate Assets acquired during such prior fiscal quarter by projecting the Funds from Operations generated by each such acquired Real Estate Asset for the portion of the quarter during which it was owned or ground-leased by the Borrower over the entire quarter.
More Definitions of Consolidated Market Value
Consolidated Market Value means, as of any date, an amount equal to the sum of (i) EBITDA (excluding any portion of EBITDA attributable to Development Projects) for the most recent fiscal quarter for which CP Limited has reported results under Section 6.1, multiplied by 4 and divided by (I) with respect to ----------- ---------- ------- that portion of EBITDA attributable to CSI, 0.15, and (II) with respect to all other EBITDA, 0.095 plus (ii) with respect to Development Projects, the greater of (A) EBITDA attributable to such Development Projects for such most recent fiscal quarter multiplied by 4 and divided by 0.095 and (B) an imputed value ---------- ------- equal to 75% of the portion of CP Limited's investment in such entity (whether as an equity contribution, a loan or Indebtedness of such entity which is guaranteed by CP Limited), provided that (1) the imputed value in clause (B) shall not be used at any time after the first quarter in which the EBITDA-based amount in clause (A) has exceeded the amount in clause (B), (2) such imputed value under clause (B) shall not exceed five percent (5%) of Consolidated Market Value and (3) Bank shall be provided from time to time with quarterly reports on the status and asset value of the land development program for all Development Projects plus (iii) 75% of the Consolidated Group Pro Rata Share of the book value (determined in accordance with GAAP) of CSI's inventory of manufactured homes.
Consolidated Market Value means, as of any date, an amount equal to the sum of (a) the Consolidated Capitalization Value as of such date, PLUS (b) the value of Unrestricted Cash and Cash Equivalents, PLUS (c) the lesser of (i) the value of Assets Under Development, or (ii) ten percent (10%) of the Consolidated Capitalization Value PLUS (d) the lesser of
Consolidated Market Value means, as of any date, an amount equal to the sum of (i) EBITDA (excluding any portion of EBITDA attributable to Development Projects) for the most recent fiscal quarter for which the Borrower has reported results under Section 6.1, multiplied by 4 and divided by (A) with respect to that portion of EBITDA attributable to CSI and to "other fee income," 0.15, and (B) with respect to all other EBITDA, the then applicable Capitalization Rate plus (ii) with respect to Development Projects, the greater of (A) EBITDA attributable to such Development Projects for such most recent fiscal quarter multiplied by 4 and divided by the then applicable Capitalization Rate and (B) an imputed value equal to 75% of the portion of Borrower's investment in such entity (whether as an equity contribution, a loan or Indebtedness of such entity which is guaranteed by the Borrower), provided that (1) the imputed value in clause (B) shall not be used at any time after the first quarter in which the EBITDA-based amount in clause (A) has exceeded the amount in clause (B), (2) such imputed value under clause (B) shall not exceed five percent (5%) of Consolidated Market Value and (3) Administrative Agent shall be provided from time to time with quarterly reports on the status and asset value of the land development program for all Development Projects plus (iii) 75% of the Consolidated Group Pro Rata Share of the book value (determined in accordance with GAAP) of CSI's inventory of manufactured homes.
Consolidated Market Value means, as of any date, an amount equal to the sum of (a) the Consolidated Capitalization Value as of such date, plus (b) the value of Unrestricted Cash and Cash Equivalents, plus (c) the lesser of (i) the value of Assets Under Development, or (ii) ten percent (10%) of the Consolidated Capitalization Value plus (d) the lesser of (i) 100% of the then-current value under GAAP of all First Mortgage Receivables or (ii) five percent (5%) of the Consolidated Capitalization Value, plus (e) the lesser of (i) 50% of the then-current book value, as determined in accordance with GAAP, of Developable Land, or (ii) $30,000,000.
Consolidated Market Value means, as of any date, an amount equal to the sum of (a) the Consolidated Capitalization Value as of such date, PLUS (b) the value of Unrestricted Cash and Cash Equivalents, PLUS (c) the lesser of (i) the value of Assets Under Development, or (ii) 10% of the Consolidated Capitalization Value, PLUS (d) the lesser of (i) 100% of the then-current value under GAAP of all First Mortgage Receivables or (ii) 5% of the Consolidated Capitalization Value, PLUS (e) the lesser of (i) 50% of the then-current book value, as determined in accordance with GAAP, of Developable Land, or (ii) $30,000,000, PLUS (f) the Consolidated Group's Investment in AIP, as determined in accordance with GAAP (the "AIP VALUE"); provided, however, that AIP Value shall only be included in the aforementioned calculation if Borrower is in compliance with all of the AIP Conditions.
Consolidated Market Value means on any day the market capitalisation of MIH based on the mid-market price for its shares quoted on NASDAQ at close of business on the relevant day (or, if such date is not a Business Day, the preceding such Business Day) as determined by the Bank; and
Consolidated Market Value. Funds From Operations", "Investment Affiliate" and "Obligations" as follows: