Promote Value definition

Promote Value means, with respect to DDR, the amount of cash that would be distributed to DDR in respect of its Promote Interest if all of the Partnership's and the Subsidiaries' assets were sold for Fair Market Value and the proceeds were applied to pay all debts of the Partnership and the Subsidiaries and distributed in accordance with Article XIII.
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Promote Value means the valuation of the Property in the letter of intent or contract received by the General Partner and designated by the General Partner for monetization valuation purposes; and (ii) “Promote Termination Amount” shall mean ninety percent (90%) of the amount which the Cirrus Partners would receive for their Promote based upon a sale of the Property for the Promote Value, and distribution of the proceeds of such sale under the distribution priorities under Section 6.2, net of the respective shares of any existing Controllable Overruns to be borne by the Cirrus Limited Partners. In the event of termination of the Promote pursuant to the terms of this Section 9.9, an amount equal to ten percent (10%) of the Promote Value shall be treated as a Capital Contribution and credited equally to the Capital Account of Comanche and Fairlane.
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Examples of Promote Value in a sentence

  • An amount, determined from time to time with respect to Intrawest of the Promote Interest equal to (1) the aggregate amounts previously distributed to Intrawest of the Promote Interest as a Promote Value Prepayment, reduced by (2) the aggregate amounts distributable to Intrawest in respect of the Promote Interest pursuant to the Promote Interest Distribution Provisions in any Fiscal Period to the extent such amounts were offset by prior Promote Value Prepayments.

  • In the event the Mortgage Debt is renewed for a subsequent ten (10) year term, any Promote Value Prepayment obligation remaining outstanding from the second and third Promote Determination Dates (end of year eleven (11) and (16)) shall be fully paid out of proceeds of a refinancing of the second ten (10) year term of the Mortgage Debt.

  • For example, the intent of the parties is to secure a ten (10) year term for the Mortgage Debt, therefore at the end of year ten (10), any Promote Value Prepayment obligation remaining outstanding arising from the first Promote Determination Date (end of year six (6)) shall be fully paid to Intrawest from the first mortgage refinancing proceeds.

  • In the event of termination of the Promote pursuant to the terms of this Section 9.9, an amount equal to ten percent (10%) of the Promote Value shall be treated as a Capital Contribution and credited equally to the Capital Account of Comanche and Fairlane.

  • In the event CNL elects the Promote Value Prepayment to be funded as set forth in clauses (I) or (III) set forth above, the Promote Value Prepayment shall be distributed in four (4) equal installments of twenty-five percent (25%) of the Promote Value Prepayment.

  • In the event Intrawest has a Net Outstanding Promote Value Prepayment Amount, such amount shall offset and reduce Intrawest’s right to receive distributions with respect to the Promote Interest pursuant to the Promote Interest Distribution Provisions, and any such offset amount shall increase the amount distributable to each of the Partners in proportion to their respective Percentage Interests.

  • At the time of Intrawest’s election to receive a Special Promote Distribution, Intrawest shall also elect whether it will receive any such amount as a Promote Value Prepayment or a Partial Promote Buyout.

Related to Promote Value

  • Applicable Value means, as of any date, with respect to each Share, the fair value of such Share, as determined in good faith by the Board of Directors.

  • 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.

  • 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).

  • Face Value means the specified price of the Ticket only (including United Kingdom value added tax thereon) as stated on the relevant Ticket, and excludes any Handling Fee (or part thereof) or other fees or charges paid by the Ticket Purchaser in respect of that Ticket (including postage or courier charges);

  • 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.