Harrisburg IRR definition

Harrisburg IRR means the IRR achieved by Parent or any of its subsidiaries (without duplication) from all funds received from the Harrisburg Partnership based on an assumed investment of $8,486,000 from the date of the closing of the IPO through the end of the Earnout Term, provided, however, that, (x) if any Management Fees are received by Parent or any of its subsidiaries related to the Harrisburg Property; and (y) if Parent or any of its subsidiaries makes additional capital contributions to or receives cash flow and/or capital distributions from the Harrisburg Partnership, in each case, the foregoing IRR calculation shall take into account the positive amounts and date of Management Fees earned, the negative amounts of additional capital contributions and the dates of such contributions, if any, the negative amounts required if Parent or any of its subsidiaries elects to acquire the interests of some or all of the other partners in the Harrisburg Partnership and the positive amounts of cash flow and/or capital distributions paid to Parent or any of its subsidiaries in determining the Harrisburg IRR. In addition:
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Harrisburg IRR means the IRR achieved by FMP from all funds received from the Harrisburg Partnership based on an assumed investment of $8,485,600 from the date of the closing of the IPO through the end of the Earnout Term, provided, however, that, (x) if any Management Fees are received by FMP related to the Harrisburg Property; and (y) if FMP makes additional capital contributions to or receives cash flow and/or capital distributions from the Harrisburg Partnership, in each case, the foregoing IRR calculation shall take the amount and date of Management Fees, capital contributions and/or cash flow and/or capital distributions into account in determining the Harrisburg IRR. In addition:
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Harrisburg IRR means the IRR achieved by FMP from all funds received from the Harrisburg Partnership based on an assumed investment of Eight Million Four Hundred Eighty-Six Thousand Dollars ($8,486,000) from the date of the closing of the IPO through the end of the Earnout Term, provided, however, that, (x) if any Management Fees are received by FMP related to the Harrisburg Property; and (y) if FMP makes additional capital contributions to or receives cash flow and/or capital distributions from the Harrisburg Partnership, in each case, the foregoing IRR calculation shall take into account the positive amounts and date of Management Fees earned, the negative amounts of additional capital contributions and the dates of such contributions, if any, the negative amounts required if FMP elects to acquire the interests of some or all of the other partners in the Harrisburg Partnership and the positive amounts of cash flow and/or capital distributions paid to FMP in determining the Harrisburg IRR. In addition:
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Related to Harrisburg IRR

  • real estate agent means any person, who negotiates or acts on behalf of one person in a transaction of transfer of his plot, apartment or building, as the case may be, in a real estate project, by way of sale, with another person or transfer of plot, apartment or building, as the case may be, of any other person to him and receives remuneration or fees or any other charges for his services whether as commission or otherwise and includes a person who introduces, through any medium, prospective buyers and sellers to each other for negotiation for sale or purchase of plot, apartment or building, as the case may be, and includes property dealers, brokers, middlemen by whatever name called;

  • Gross estate means the gross estate, for federal estate tax purposes.

  • Georgia means the territory recognised by the international community within the state borders of Georgia, including land territory, internal waters and territorial sea, the air space above them, in respect of which Georgia exercises its sovereignty, as well as the contiguous zone, the exclusive economic zone and continental shelf adjacent to its territorial sea, in respect of which Georgia may exercise its sovereign rights in accordance with the international law;

  • Estate in Real Property A fee simple estate in a parcel of land.

  • Ameren Illinois means Ameren Illinois Company d/b/a Ameren Illinois.

  • Cook means an employee who grills food on a salamander, stove, hot plate or barbecue type cooker and shall include preparing, frying or cooking fish or chicken or cooking pizzas.

  • Real Estate Taxes means the ad valorem real estate taxes levied against the Property (and the improvements and fixtures located thereon), betterment assessments, special benefit taxes and special assessments levied or imposed against the Property, taxes levied or assessed on gross rentals payable by Tenant to the extent charged, assessed or imposed upon tenants in general which are based upon the rents payable under this Lease, any impact fees levied or assessed, whether or not billed by the taxing authority as a special benefit tax or a special assessment, all taxes levied or assessed on the Property that are in addition to or in lieu of taxes that are currently so assessed, and penalties and interest related to Real Estate Taxes if the applicable Real Estate Tax bills have been forwarded to Tenant in a timely manner; provided, however, that Real Estate Taxes shall not include any Excluded Taxes. “Excluded Taxes” shall mean, without limitation, Landlord’s income taxes, gift taxes, excess profit taxes, excise taxes, franchise taxes, estate, succession, inheritance and realty transfer taxes resulting from the transfer of any direct or indirect interest in the Property by Landlord unless such taxes replace Real Estate Taxes in the future (except as expressly set forth in the last sentence of this Section 4(a)), and any interest or penalty charges resulting solely from Landlord’s failure to promptly deliver the Real Estate Tax bills to Tenant if the applicable taxing authority has forwarded the tax xxxx to Landlord rather than Tenant. All special benefit taxes and special assessments shall be amortized over the longest time permitted under ordinance and Tenant’s liability for installments of such special benefit taxes and special assessments not yet due shall be paid in full prior to the expiration or termination of this Lease; provided, that the useful life of any such improvements do not extend beyond the expiration of the Term. Tenant shall also pay, directly to the applicable Governmental Authority (as hereinafter defined), any storm water charges, fees and taxes and use and occupancy tax in connection with the Property or any improvements thereon (or in the event Landlord is required by law to collect such tax, Tenant shall pay such use and occupancy tax to Landlord as Rent within thirty (30) days of written demand and Landlord shall remit any amounts so paid to Landlord to the appropriate Governmental Authority in a timely fashion) and deliver evidence of such payment to Tenant within ten (10) days of making such payment or within ten (10) days of receipt of Tenant’s request for such evidence of payment.

  • County means the county of Los Angeles or any public entities for which the board of supervisors is the governing body. (Ord. 2002-0040 § 1, 2002: Ord. 2002-0015 § 1 (part), 2002)

  • Hotel Property means a Property on which there is located an operating hotel.

  • Domestic Office means the office of a Lender designated as its “Domestic Office” on Schedule II hereto or in a Lender Assignment Agreement, or such other office within the United States as may be designated from time to time by notice from such Lender to the Administrative Agent and the Borrower.

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.

  • Settlement Administration Costs means all costs and fees of the Settlement Administrator regarding Notice and Settlement administration.

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Commercial real estate means real estate or an interest in real estate that is not any of the following: