RP Value definition

RP Value means the fair market value of the Ramblewood Project (net of the outstanding balances of then-existing Mortgage Loans encumbering the Ramblewood Project) as determined through arbitration in accordance with Section 11.13(b) hereof.
View Source

Examples of RP Value in a sentence

  • After the seventh (7th) anniversary of the Effective Date, if any of the Members, as the Initiating Member under Section 13.2 hereof, elects to cause a Liquidation Event through the sale of all (and not part) of the Projects (or the interests in the Subsidiaries that own the Projects), then the Manager shall cause the RP Value to be determined and, within two (2) Business Days after such determination, calculate the Hypothetical Calculation and deliver to the Members the results in writing.

  • Should the Final Calculation result in a Final AIMCO Sub Distribution that is less than one hundred percent (100%) of the RP Value, then, contemporaneously with the closing of the sale of the Remaining Projects, the AIMCO Sub shall contribute to the Company, as Project Capital Contributions, the RP True-Up Amount.

  • The Manager shall promptly cause the RP Value to be determined through arbitration in accordance with Section 11.13(b) hereof.