Restoration Threshold definition

Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

Restoration Threshold means with respect to each Individual Property, five percent (5%) of the original Allocated Loan Amount of such Individual Property.

Restoration Threshold shall have the meaning set forth in the Mortgage Loan Agreement.

Examples of Restoration Threshold in a sentence

• In the event of a Casualty where the loss does not exceed the Restoration Threshold, Borrower may settle and adjust such claim so long as no Event of Default has occurred and is continuing.

• Provided no Event of Default has occurred and is continuing, in the event of a Condemnation where the amount of the taking does not exceed the Restoration Threshold, Borrower may settle and compromise such Condemnation.

• The following provisions shall apply in connection with the Restoration of the Property: (a) If the Net Proceeds shall be less than the Restoration Threshold and the costs of completing the Restoration shall be less than the Restoration Threshold, then provided that no Event of Default has occurred and is continuing and the condition in Section 9.6 hereof has been satisfied, subject to Section 5.5 hereof, the Net Proceeds will be disbursed by Xxxxxx to Borrower upon receipt.

More Definitions of Restoration Threshold

Restoration Threshold means Ten Million Dollars ($10,000,000.00).

Restoration Threshold means, as of any date, the lesser of (a) two and one-half percent (2.5%) of the replacement value of the improvements at the damaged Project as of such date, and (b) $500,000.

Restoration Threshold means the greater of (x) $250,000 or (y) five percent (5%) of the Aggregate Allocated Loan amount of the applicable Property, not to exceed $500,000, per Property per occurrence.

Restoration Threshold means, with respect to each Individual Property, an amount equal to seven and one-half percent (7.5%) of the outstanding principal amount of the Allocated Loan Amount attributable to such Individual Property.

Restoration Threshold shall have the meaning set forth in Section 6.2.3(a) hereof.

Restoration Threshold means an amount equal to three percent (3%) of the outstanding principal balance of the Loan.

Restoration Threshold means five percent (5%) of the Outstanding Principal Balance.