Premises Value definition

Premises Value means the value of the Premises, as determined by the Required Lenders, from time to time, based upon such information that the Required Lenders shall reasonably deem significant (including any appraisals of the Premises), which amount is $9,760,000, as of the Amendment No. 13 Effective Date.
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Premises Value means the value the Premises contribute to the Actual Value of the Building as determined from the Assessor’s field cards or work sheets. If no specific value has been assigned by the Assessor for the Premises, then such value will be determined by utilization of the method used by the Assessor to determine the Actual Value of the Building);
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Examples of Premises Value in a sentence

  • The reference to "Site" in Section 302 of the Lease is incorrect and is hereby revised to read "Demised Premises." After the first Adjustment Date (which has not yet occurred), the Premises Value shall be equal to the fair market value of the Demised Premises (exclusive of the Improvements), as such fair market value is determined under the Third and Fourth paragraphs of Section 302 , provided that the Premises Value shall not be less than $6,680,000.

  • The Premises Value (as defined in Section 302 of the Lease) is $6,680,000.

  • The price for the Demised Premises shall be the Initial Demised Premises Value or the appropriate portion as described in Exhibit E in the event that the option is exercised, as described below, before the earlier of (i) seven (7) years after the commencement of Sub-Term B or (ii) the period of time prior to the Lessee's receiving a fifteen percent (15%) cumulative cash on cash return as to the Demised Premises or appropriate portion thereof.

  • Subtenant’s address (following Tenant’s opening for business at the Premises): Value Line, Inc.

  • The reference to "Site" in Section 302 of the Lease is incorrect and is hereby revised to read "Demised Premises." After the first Adjustment Date, the Premises Value shall be equal to the fair market value of the Demised Premises on the date of calculation.

  • The Initial Premises Value (as defined in Section 302 of the Lease) is $6,680,000.

  • The reference to "Site" in Section 302 of the Lease is incorrect and is hereby revised to read "Demised Premises." After the first Adjustment Date (which has not yet occurred), the Premises Value shall be equal to the fair market value of the Demised Premises (exclusive of Improvements).

  • The Value of the Leased Premises ("Value of the Leased Premises") shall be that value determined by appraisal of the Leased Premises made pursuant to the guidelines and requirements of this Agreement, and shall be the Fair Market Rental Value if the conditions of Section 3.02 of the Ground Lease apply and shall otherwise be the Fair Market Sales Value, considering the effect, if any, of Devaluing Occurrence(s).

  • If the Lease is terminated pursuant to this subsection, all condemnation proceeds up to the Premises Value, will be payable to Lessor, and any proceeds in excess of the Premises Value will be payable to Lessee.

Related to Premises Value

  • Premises Building Total Destruction means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.

  • Premises Total Destruction means damage or destruction to the Premises, other than Lessee Owned Alterations and Utility Installations and Trade Fixtures, which cannot reasonably be repaired in six (6) months or less from the date of the damage or destruction. Lessor shall notify Lessee in writing within thirty (30) days from the date of the damage or destruction as to whether or not the damage is Partial or Total.

  • Rental Value means Business Income that consists of:

  • Fair Market Sales Value means with respect to any property or service as of any date, the cash rent or cash price obtainable in an arm's length lease, sale or supply, respectively, between an informed and willing lessee or purchaser under no compulsion to lease or purchase and an informed and willing lessor or seller or supplier under no compulsion to lease or sell or supply of the property or service in question, and shall, in the case of any Unit Interest or an Owner Lessor's Interest, be determined (except pursuant to Section 17 of the Facility Lease or as otherwise provided below or in the Operative Documents) on the basis that (i) the conditions contained in Sections 7 and 8 of the Facility Lease shall have been complied with in all respects, (ii) the lessee or buyer shall have rights in, or an assignment of, the Operative Documents to which the Owner Lessor is a party and the obligations relating thereto, (iii) the Unit Interest or the Owner Lessor's Interest, as the case may be, is free and clear of all Liens (other than Owner Lessor's Liens, Owner Participant's Liens and Indenture Trustee's Liens), (iv) taking into account the remaining term of the Site Lease and Sublease, and (v) in the case the Fair Market Rental Value, taking into account the terms of the Facility Lease and the other Operative Documents. If the Fair Market Sales Value of the Owner Lessor's Interest is to be determined during the continuance of a Lease Event of Default or in connection with the exercise of remedies by the Owner Lessor pursuant to Section 17 of the Facility Lease, such value shall be determined by an appraiser appointed solely by the Owner Lessor on an "as-is", "where-is" and "with all faults" basis and shall take into account all Liens (other than Owner Lessor's Liens, Owner Participant's Liens and Indenture Trustee's Liens); provided, however, in any such case where the Owner Lessor shall be unable to obtain constructive possession sufficient to realize the economic benefit of the Owner Lessor's Interest, Fair Market Sales Value of the Owner Lessor's Interest shall be deemed equal to $0. If in any case other than in the preceding sentence the parties are unable to agree upon a Fair Market Sales Value of the Owner Lessor's Interest within 30 days after a request therefor has been made, the Fair Market Sales Value of the Owner Lessor's Interest shall be determined by appraisal pursuant to the Appraisal Procedures. Any fair market value determination of a Severable Modification shall take into consideration any liens or encumbrances to which the Severable Modification being appraised is subject and which are being assumed by the transferee.

  • Net Sales Value means, with respect to any Licensed Product, the gross sales price of such Licensed Product invoiced by Licensee, its Affiliate and/or its Sub-Licensee to customers who are not Affiliates (or are Affiliates but are the end users of such Licensed Product) less, to the extent actually paid or accrued by Licensee, its Affiliate and/or its Sub­ Licensee (as applicable), (a) credits, allowances, discounts and rebates to, and chargebacks from the account of, such customers for nonconforming, damaged, out-dated and returned Licensed Product; (b) freight and insurance costs; (c) cash, quantity and trade discounts, rebates and other price reductions for such Licensed Product given to such customers under price reduction programs; (d) sales, use, value-added and other direct taxes incurred on the sale of such Licensed Product to such customers; (e) customs duties, tariffs, surcharges and other governmental charges incurred in exporting or importing such Licensed Product to such customers; (f) sales commissions incurred on the sale of such Licensed Product to such customers; and (g) an allowance for uncollectible or bad debts determined in accordance with generally accepted accounting principles. For avoidance of doubt, any consideration or royalties received from Sub-Licensee(s) are excluded. If a Licensed Product consists of components that are covered by valid claim of a Prospective Patent within the Invention (a “Covered Component”) and components that are not covered by a Valid Claim (“Other Components”), then Net Sales for such Licensed Products shall be multiplied by the fraction A/(A+B), where A is the value of the Covered Component(s) as reasonably determined by Licensee, and B is the value of the Other Component(s) as reasonably determined by Licensee, and such resulting amount shall be the “Net Sales Value” for purposes of the Royalties and Sub-License Royalties calculations in Clauses 5.1.2 and 5.3.1, respectively, for such Licensed Product.