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.