Restoration Threshold Amount definition

Restoration Threshold Amount means, as to the Property, an amount equal to 4% of the original principal balance of the Loan.
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Restoration Threshold Amount shall have the meaning set forth in the Mortgage Loan Agreement.
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Restoration Threshold Amount means an amount equal to $5,000,000.
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Examples of Restoration Threshold Amount in a sentence

  • In addition, Lender may participate in any settlement discussions with any insurance companies (and shall approve the final settlement, which approval shall not be unreasonably withheld) with respect to any Casualty in which the Net Proceeds or the costs of completing the Restoration are equal to or greater than the Restoration Threshold Amount and Borrower shall deliver to Lender all instruments required by Lender to permit such participation.

  • In the event of a Casualty where the loss does not exceed Restoration Threshold Amount, Borrower may settle and adjust such claim; provided that (a) no Event of Default has occurred and is continuing and (b) such adjustment is carried out in a commercially reasonable and timely manner.

  • 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 Amount, Borrower may settle and compromise such Condemnation; provided that the same is effected in a commercially reasonable and timely manner.

  • Borrower shall, at its expense, diligently prosecute any such proceedings, and shall consult with Lender, its attorneys and experts, and cooperate with them in the carrying on or defense of any such proceedings which is reasonably expected to involve an Award of an amount greater than the Restoration Threshold Amount.

  • If the Net Award does not exceed $100,000 (the Restoration Threshold Amount), then the Net Award shall be promptly paid to Lessee to be applied to the repair and rebuilding required by this paragraph (b).

  • In the event of a Casualty where the loss exceeds the Restoration Threshold Amount or if an Event of Default then exists, Borrower may settle and adjust such claim only with the consent of Lender (which consent shall not be unreasonably withheld) and Lender shall have the opportunity to participate, at Borrower’s cost, in any such adjustments.

  • In the event of a Casualty where the loss exceeds the Restoration Threshold Amount or if an Event of Default then exists, Borrower may settle and adjust such claim(s) only with the consent of Lender (which consent shall not be unreasonably withheld) and Lender shall have the opportunity to participate, at Borrower’s cost, in any such adjustments.


More Definitions of Restoration Threshold Amount

Restoration Threshold Amount is defined in Appendix I to the Lease.
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Restoration Threshold Amount has the meaning given to that term in Schedule 0.
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Restoration Threshold Amount means, with respect to any Property, an amount equal to (i) in connection with any Casualty of such Property, thirty percent (30%) of the appraised value of such Property (based upon the most recent Appraisal thereof), and (ii) in connection with any Condemnation of any Property, fifteen percent (15%) of the appraised value of such Property (based upon the most recent Appraisal thereof).
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Restoration Threshold Amount means, with respect to each Individual Property, an amount equal to five percent (5%) of the applicable Release Amount.
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Restoration Threshold Amount means, as of any date of determination, an amount equal to three percent (3.00%) of the Outstanding Principal Balance.
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Restoration Threshold Amount means an amount equal to $2,500,000.
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Related to Restoration Threshold Amount

  • Threshold Amount means $5,000,000.

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

  • Dividend Threshold Amount has the meaning set forth in Section 5.04(a).

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

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Withheld Amount means any amount required to be withheld by the Partnership to pay over to any taxing authority as a result of any allocation or distribution of income to a Partner.

  • Threshold Appreciation Price has the meaning specified in Section 5.1.

  • Insured Amount As defined in the Policy.

  • Casualty Amount means five hundred thousand Dollars (USD500,000) (or the equivalent in any other currency);

  • Threshold Percentage means 15%.

  • Unfunded Liability means the amount (if any) by which the present value of all vested and unvested accrued benefits under all Pension Plans exceeds the fair market value of all assets allocable to those benefits, all determined as of the then most recent valuation date for each Pension Plan, using PBGC actuarial assumptions for single employer plan terminations.

  • Unfunded Liabilities means, with respect to any Plan at any time, the amount (if any) by which (i) the value of all benefit liabilities under such Plan, determined on a plan termination basis using the assumptions prescribed by the PBGC for purposes of Section 4044 of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions), all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the ERISA Group to the PBGC or any other Person under Title IV of ERISA.

  • Withheld Amounts shall have the meaning assigned to such term in Section 3.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • State average current expense appropriations per student means the most

  • Restoration Cost has the meaning set forth in Section 5.06.

  • Unfunded Capital Expenditures means Capital Expenditures made with Internally Generated Funds and, for the avoidance of doubt, not including Capital Expenditures funded through or by funds provided by any Customer or supplier for such purpose.

  • Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small pur- chase methods. Districts adopt small purchase procedures in order to expedite the purchase of items at or below the simplified acquisi- tion threshold. The simplified acquisition threshold for procurement activities administered under federal awards is set by the FAR at 48 C.F.R. Part 2, Subpart 2.1 [see below]. The district is responsi- ble for determining an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its docu- mented procurement procedures. However, in no circumstances can this threshold exceed the dollar value established in the FAR

  • Independent expenditure means an expenditure by a person:

  • Orderly Liquidation Value means the net amount (after all costs of sale), expressed in terms of money, which Agent, in its Permitted Discretion, estimates can be realized from a sale, as of a specific date, given a reasonable period to find a purchaser(s), with the seller being compelled to sell on an as-is/where-is basis, as reflected in the most recent appraisal delivered hereunder.

  • Threshold Event Cure shall have the meaning assigned to such term in Section 5(g).