GAV -- Cost definition
GAV -- Cost means the value of all cash, cash equivalents and the value of all Properties owned by Borrower and its Subsidiaries valued at one hundred percent (100%) of cost.
Examples of GAV -- Cost in a sentence
Borrower and its Subsidiaries will not in the aggregate own or hold any direct or indirect interest in excess of (a) twelve and one half percent (12.5%) of GAV -- Cost with respect to unimproved land or (b) twenty five percent (25%) of GAV -- Cost with respect to, collectively, (i) any interest in Persons in which Borrower owns less than 75% beneficial interest therein and (ii) any interest in Persons not managed by Borrower.