NOI Value definition

NOI Value has the meaning set forth in SECTION 3.5(d) hereof.
Sample 1
NOI Value means, with respect to any Asset, as of the date of determination, an amount equal to (a) the annualized Net Operating Income (as reasonably determined by Agent) generated from the subject Asset during the immediately preceding three full calendar months, LESS [(i) the Applicable Capital Expenditure Reserve Factor for the type of commercial Asset in question, times (ii) the amount of such annualized Net Operating Income] DIVIDED BY (b) the Applicable Capitalization Rate. Only those commercial Assets which constitute "Commercial Borrowing Base Assets" shall be included in the calculation of the Commercial Assets Borrowing Base as set forth above. The Assets which shall initially constitute the Commercial Borrowing Base Assets are as set forth on SCHEDULE 3.5(d) hereto. From time to time after the Closing Date, the Company may submit written requests (not more often than once each calendar month) to designate additional Assets as Commercial Borrowing Base Assets. In each instance, it shall be in the sole and absolute discretion of the Majority Banks as to whether any additional Assets are added to the Commercial Borrowing Base Assets; provided that the Majority Banks shall use reasonable efforts to respond to any requests by the Company to add additional Assets to the Commercial Borrowing Base Assets within 30 days of the receipt by Agent of such written request from the Company (together with such information regarding each of such Assets as the Majority Banks and Agent shall request). Provided further, however, that failure of the Majority Banks to respond to any such request within such 30-day period shall be deemed to be a disapproval of such request (provided that as to each Bank that has failed to respond within such time period, Company may request that Agent extend the period during which approvals may be obtained from each such Bank by an additional 30 days, and during such additional 30 day period Agent shall use reasonable efforts to obtain a response from each such Bank that previously failed to respond). Without limiting the Majority Banks' discretion as to which Assets shall be designated as part of the Commercial Borrowing Base Assets, the Company acknowledges and understands that the Agent shall not be required to even submit an Asset to the Banks for their consideration unless such Asset is an Unencumbered Asset, owned 100% (in fee) by the Company or its Wholly Owned Subsidiary (that is a Guarantor), is a commercial asset of a type described...
Sample 1
NOI Value means (A) the sum of (i) the net operating income of the applicable Project Property for the twelve month period immediately preceding the date of the Buy Out Notice, less (ii) the Assumed Cap Ex Amount, less (iii) the Assumed Management Fee, (B) divided by a capitalization rate of 8.25% and (C) less the outstanding principal balance of the Project Debt.
Sample 1

Examples of NOI Value in a sentence

  • Applicants do not even mention the State’s first ground for seeking astay—the lack of Article III standing and ripeness.3 They discuss the second ground only in passing.

  • The degree of competition sought will be influenced by knowledge of the marketplace and successful past performance records, with competition in most cases limited to a reasonable number of capable sources.Under the USPTO process, all firmswill be apprised of opportunities, but only those judged to be the most viable will commit the resources to fully participate.


More Definitions of NOI Value

NOI Value means, for any Student Housing Project as of any determination date, (a) Adjusted Property NOI for such Student Housing Project, divided by (b) eight and one half percent (8.5%).
Sample 1

Related to NOI Value

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Adjusted Value as used in subdivision (d) means:

  • FR Value means, in respect of a ST FR Valuation Date, Worst Value.

  • New value means (i) money, (ii) money's worth in property, services, or new credit, or (iii) release by a transferee of an interest in property previously transferred to the transferee. The term does not include an obligation substituted for another obligation.

  • 704(c) Value of any Contributed Property means the fair market value of such property or other consideration at the time of contribution, as determined by the General Partner using such reasonable method of valuation as it may adopt. Subject to Exhibit B hereof, the General Partner shall, in its sole and absolute discretion, use such method as it deems reasonable and appropriate to allocate the aggregate of the 704(c) Values of Contributed Properties in a single or integrated transaction among the separate properties on a basis proportional to their respective fair market values.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Net Value has the meaning set forth in Section 1.68(a)(ii).

  • Contribution Value shall have the meaning set forth in Section 2.02 of the Contribution Agreement.

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.

  • rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;

  • Added value means that the Contractor performs subcontract management functions that the Contracting Officer determines are a benefit to the Government (e.g., processing orders of parts or services, maintaining inventory, reducing delivery lead times, managing multiple sources for contract requirements, coordinating deliveries, performing quality assurance functions).

  • Assessed value means 1 of the following:

  • Good Value means that the Benchmarked Rates are within the Upper Quartile;

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • depreciated value means the cost to the Joint Venturers of the assets on which allowable capital expenditure is incurred less the total amount deducted therefrom by way of depreciation pursuant to the provisions of paragraph (b) of this subclause;

  • Economic Value – means the value of the Company and of its shares, to be determined by a specialized company by using a recognized methodology or based on another criterion to be defined by the CVM.

  • Attributable Value means, as to a Capitalized Lease Obligation under which any Person is at the time liable and at any date as of which the amount thereof is to be determined, the capitalized amount thereof that would appear on the face of a balance sheet of such Person in accordance with GAAP.

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Property Value means the aggregate fair value of the properties (land and buildings) held by the Group according to the latest consolidated Financial Report, adjusted for any investments in and depreciations of the properties, respectively, during the period starting on the day falling immediately after the last day of the period covered by the latest consolidated Financial Report and ending on the relevant Record Date.

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • SPS AER Value means the Underlying Reference Value.

  • Capitalization Value means, at any time, the sum of (1) with respect to Real Property Businesses (other than UJVs), individually determined, the greater of (x) Combined EBITDA from such businesses (a) in the case of all Real Property Businesses other than hotels or trade show space, for the most recently ended calendar quarter, annualized (i.e., multiplied by four), and (b) in the case of hotels or trade show space, for the most recently ended four consecutive calendar quarters, in both cases, capitalized at a rate of 6.0% per annum, and (y) the Gross Book Value of such businesses; (2) with respect to Other Investments, which do not have publicly traded shares, the Net Equity Value of such Other Investments; (3) with respect to Real Property UJVs, which do not have publicly traded shares, individually determined, the greater of (x) Combined EBITDA from such Real Property UJVs (a) in the case of all Real Property UJVs other than those owning hotels or trade show space, for the most recently ended calendar quarter, annualized (i.e., multiplied by four), and (b) in the case of Real Property UJVs owning hotels or trade show space, for the most recently ended four consecutive calendar quarters, in both cases, capitalized at the rate of 6.0%, less Borrower’s Pro Rata Share of any Indebtedness attributable to such Real Property UJVs, and (y) the Net Equity Value of such Real Property UJVs (subject to the last sentence of this definition); and (4) without duplication, Borrower’s Pro Rata Share of Unrestricted Cash and Cash Equivalents, the book value of notes and mortgage loans receivable and capitalized development costs (exclusive of tenant improvements and tenant leasing commission costs), and the fair market value of publicly traded securities, at such time, all as determined in accordance with GAAP. For clarity, the parties acknowledge and agree that the calculations pursuant to clause (1)(x) and (y) and clause (3)(x) and (y) above in this definition are intended to be made on a Real-Property-Asset-by-Real-Property-Asset basis. For the purposes of this definition, (1) for any Disposition of Real Property Assets by a Real Property Business during any calendar quarter, Combined EBITDA will be reduced by actual Combined EBITDA generated from such asset or assets, (2) the aggregate contribution to Capitalization Value in excess of 35% of the total Capitalization Value from all Real Property Businesses and Other Investments owned by UJVs shall not be included in Capitalization Value, and (3) the aggregate contribution to Capitalization Value from leasing commissions and management and development fees in excess of 15% of Combined EBITDA shall not be included in Capitalization Value. To the extent that liabilities of a Real Property UJV are Recourse to Borrower or the General Partner, then for purposes of clause (3)(y) above, the Net Equity Value of such Real Property UJV shall not be reduced by such Recourse liabilities.

  • Spread Value means, with respect to a share of Stock subject to an Award, an amount equal to the excess of the Fair Market Value, on the date such value is determined, over the Award’s exercise or grant price, if any.