Re-Appraised Value definition
Re-Appraised Value. With respect to each Mortgaged Property that is the subject of a Global Appraisal Event, the Appraised Value that is determined with respect to such Mortgaged Property in connection with such Global Appraisal Event. In the event that multiple Global Appraisal Events occur with respect to the same Mortgaged Property, the Appraised Value determined with respect to the most recent Global Appraisal Event shall constitute the Re-Appraised Value of such Mortgaged Property.
Re-Appraised Value. As defined in the Property Management Agreement.
Re-Appraised Value. With respect to each Mortgaged Property that is the subject of a Global Appraisal Event, the Appraised Value that is determined with respect to such Mortgaged Property in connection with such Global Appraisal Event. In the event that multiple Global Appraisal Events occur with respect to the same Mortgaged Property, the Appraised Value determined with respect to the most recent Global Appraisal Event shall constitute the Re- Appraised Value of such Mortgaged Property. “Reimbursement Rate ”: The rate per annum applicable to the accrual of Advance Interest, which rate per annum is equal to the Prime Rate plus 2.0%. “Release ”: As defined in Section 7.01(a) . “Release Account ”: As defined in Section 3.04(b) . “Release Parcel ”: With respect to the Post-Closing Properties identified as ▇▇▇▇▇▇▇’▇ Food Market (1055 Sugarbush Drive) and ▇▇▇▇▇▇▇’▇ Food Market (3540 Burbank Road), an undeveloped portion of each such property that (i) was not considered in determining the purchase price thereof paid by the Originator with respect thereto and (ii) is subject to an option 26 US-DOCS\ 96557504.7 102826315.7
More Definitions of Re-Appraised Value
Re-Appraised Value. With respect to each Mortgaged Property that is the subject of a Global Appraisal Event, the Appraised Value that is determined with respect to such Mortgaged Property in connection with such Global Appraisal Event. In the event that multiple Global Appraisal Events occur with respect to the same Mortgaged Property, the Appraised Value determined with respect to the most recent Global Appraisal Event shall constitute the Re- Appraised Value of such Mortgaged Property. “Reimbursement Rate”: The rate per annum applicable to the accrual of Advance Interest, which rate per annum is equal to the Prime Rate plus 2.0%. “Release”: As defined in Section 7.01(a). “Release Account”: The segregated account established and maintained by the Indenture Trustee on behalf of the Noteholders and the IssuersAs defined in Section 3.04(b). “Release Parcel”: With respect to the Post-Closing Properties identified as ▇▇▇▇▇▇▇’▇ Food Market (1055 Sugarbush Drive) and Buehler’s Food Market (3540 Burbank Road), an undeveloped portion of each such property that (i) was not considered in determining the purchase price thereof paid by the Originator with respect thereto and (ii) is subject to an option on the part of the related Tenant permitting such Tenant to subdivide and reacquire such undeveloped portion for a nominal amount. “Release Price”: As defined in Section 7.01(b).