Ongoing Value definition
Ongoing Value means the lesser of the Initial Value or the aggregate Net Operating Income of the properties in the Borrowing Base Property Group divided by a 10% Capitalization Rate.
Examples of Ongoing Value in a sentence
The Borrower shall then promptly and with due diligence implement the Proposed Development The Lender shall provide a total loan facility of £24.4 Million (twenty four million four hundred thousand pounds) for the Proposed acquisition and development refurbishment strategy Ongoing Value, Loan & drawdown: The Loan amount shall not exceed the ongoing value at any time.
The Service Charge for this Maintenance Plan is 1% Year of the Ongoing Value of your relevant Investment/Pension Accounts; which you may either pay directly to us by Standing Order, or which we will otherwise collect from your associated Investment/Pension Account.