TAV definition
TAV means, as of any date, the sum of (without duplication) (a) Consolidated Net Operating Income during the Measurement Period most recently ended attributable to Projects owned by a member of the Consolidated Group for eighteen (18) months or more divided by the Capitalization Rate, plus (b) one hundred percent (100%) of the actual price paid for any Projects owned by any member of the Consolidated Group for less than eighteen (18) months, plus (c) cash, Cash Equivalents and Marketable Securities owned by the Consolidated Group as of the last day of the most recently ended fiscal quarter, plus (d) the Consolidated Group Pro Rata Share of (i) Consolidated Net Operating Income during such Measurement Period attributable to Projects owned by Investment Affiliates for eighteen (18) months or more (provided, that the value of such assets shall, at all times, be subject to the terms of Section 7.02(f)(i)), divided by (ii) the Capitalization Rate, plus (e) the Consolidated Group Pro Rata Share of the greater of (i) the price paid for Projects owned by an Investment Affiliate for less than eighteen (18) months , (ii) the GAAP-determined value of any such Projects, and (iii) the annualized Consolidated Net Operating Income attributable to any such Projects, based the immediately preceding Quarterly Period (provided, that the value of such assets shall, at all times, be subject to the terms of Section 7.02(f)(i)) divided by the Capitalization Rate, plus (f) the sum of (i) Construction in Progress and Improved Land Value for Projects owned by the Consolidated Group and (ii) the Consolidated Group Pro Rata Share of Construction in Progress and Improved Land Value for Projects owned by Investment Affiliates (provided, that the book value of Construction in Progress and Improved Land Value shall, at all times, be subject to the terms of Section 7.02(f)(ii)), plus (g) the sum of (i) the GAAP-determined value of Eligible Real Estate Investments owned or held by the Consolidated Group and (ii) the Consolidated Group Pro Rata Share of the GAAP-determined value of Eligible Real Estate Investments owned or held by Investment Affiliates (provided, that the aggregate value of Eligible Real Estate Investments held shall, at all times, be subject to the terms of Section 7.02(f)(iv)) plus (h) the sum of (i) the Unimproved Land Value of Projects owned by the Consolidated Group and (ii) the Consolidated Group Pro Rata Share of the Unimproved Land Value of Projects owned by Investment ...
TAV means, as of any time for the Consolidated Group, without duplication, (a) an amount equal (i) to the sum of the Portfolio Property Net Operating Income of each Portfolio Property owned, or ground leased pursuant to an Eligible Ground Lease, by the Consolidated Group for the then most recently ended fiscal quarter of the REIT for which financial statements have been provided to the holders pursuant to Section 7.1(a) or (b) (excluding each Disposed Portfolio Property, each Newly-Acquired Portfolio Property and each Non-Stabilized Portfolio Property), divided by the Applicable Capitalization Rate for each such Portfolio Property, multiplied by (ii) four, plus (b) the acquisition cost paid by the applicable member(s) of the Consolidated Group for each Newly-Acquired Portfolio Property, plus (c) the aggregate book value of all Permitted Investments owned by the Consolidated Group at such time, plus (d) the aggregate undepreciated book value of all Qualified Development Properties and all Non-Stabilized Portfolio Properties at such time, plus (e) the Consolidated Group Pro Rata Share of each of the items referenced in clauses (a) through (d) of this definition (and the components thereof) to the extent relating to Portfolio Properties, Permitted Investments, Qualified Development Properties or Non-Stabilized Portfolio Properties, as applicable, owned by Unconsolidated Affiliates; provided, that for purposes of Section 10.7(b)(iii), (b)(iv), (c), (d) and (e), Total Asset Value shall also include all cash and Cash Equivalents owned by the Consolidated Group at such time.
TAV means total asset value, being the value of all the ILAM Fahari I-REIT assets prior to any adjustments or deduction of liabilities; “Trust Deed” means the trust deed between ICEA LION Asset Management Limited and Co-op Bank establishing the ILAM Fahari I-REIT property fund as an Income Real Estate Investment Trust Scheme, 30 September 2015; “Unitholder(s)” or “REIT Unitholder(s)” or “Securities holder” means any person including the Promoter, who has purchased or otherwise acquired (including through the exchange, or in consideration of any transfer, of Property) and holds any Units and is registered in the Register as evidence that he holds the Units; “VAT” means value-added tax as defined in the Value-Added Tax Act, 2013, as amended.
Examples of TAV in a sentence
Permit the amount of Secured Debt owed by the Consolidated Group which is Recourse Debt, as of any date during the term hereof, to exceed fifteen percent (15%) of TAV.
The MEMBER and his/her accompanying guest (if any) who will benefit from the service shall submit their ID’s and the TAV Passport card to the personnel who will provide the service.
When the MEMBER wishes to use the SERVICE a second time without having his/her photograph taken, TAV is entitled not to offer/deliver the SERVICE.
The Membership fee shall be determined by TAV as defined in the Application Form and shall be paid by the MEMBER.
Whenever deemed necessary, the TAV officers or the authorized 3rd parties at the service points or the employees of Member workplaces may require an identity/passport from the MEMBER, and check/match identities pursuant to the information on the card that has been presented.
More Definitions of TAV
TAV means, as of any date, the sum of (without duplication) (a) Consolidated Net Operating Income during the Measurement Period most recently ended attributable to Projects owned or leased by a member of the Consolidated Group for eighteen (18) months or more divided by the Capitalization Rate, provided that the resulting amount shall not be less than $ 0.00 for any Project, plus (b) one hundred percent (100%) of the actual price paid for any Projects owned or leased by any member of the Consolidated Group for less than eighteen (18) months, plus (c) cash, Cash Equivalents and Marketable Securities owned by the Consolidated Group as of the last day of the most recently ended fiscal quarter, plus (d) the Construction in Progress and Improved Land Value for Projects owned or leased by the Consolidated Group (provided, that the book value of Construction in Progress and Improved Land Value shall, at all times, be subject to the terms of Section 7.02(f)(ii)), plus (e) the GAAP-determined value of Eligible Real Estate Investments owned or held by the Consolidated Group (provided, that the aggregate value of Eligible Real Estate Investments held shall, at all times, be subject to the terms of Section 7.02(f)(iv)) plus (f) the Unimproved Land Value of Projects owned by the Consolidated Group (provided that the value of such undeveloped land shall, at all times, be subject to the terms of Section 7.02(f)(iii)), provided, however, in each case the Consolidated Group Pro Rata Share of the foregoing components for Investment Affiliates shall be included.
TAV means total asset value, being the value of all the STANLIB Fahari I- REIT’s assets prior to any adjustments or deduction of liabilities;
TAV means, as of any date, the net book value of the total assets of the Combined Companies on such date as determined in accordance with GAAP plus (x) accumulated depreciation, (y) amortization of real estate intangibles and (z) aggregate credit loss allowance related to “current expected credit loss” model prescribed by ASC 326; provided that Total Asset Value shall include the Combined Companies Pro Rata Share of the foregoing components for Investment Affiliates shall be included.
TAV means Transportación AV, S.A. de C.V.
TAV means, as of any date, (a) annualized Consolidated Net Operating Income attributable to Projects owned by a member of the Consolidated Group (excluding 100% of the annualized Consolidated Net Operating Income attributable to Projects not owned for the prior twelve (12) months on which annualized Consolidated Net Operating Income is calculated) divided by the Capitalization Rate, plus (b) 100% of the price paid for any such Projects first acquired by any member of the Consolidated Group during the past twelve CHAR1\1034676v13
TAV means, as of any time for the Consolidated Group, without duplication, (a) an amount equal (i) to the sum of the Portfolio Property Net Operating Income of each Portfolio Property owned, or ground leased pursuant to an Eligible Ground Lease, by the Consolidated Group for the then most recently ended fiscal quarter of the REIT for which financial statements have been provided to the holders pursuant to Section 7.1(a) or (b) (excluding each Disposed Portfolio Property, each Newly‑Acquired Portfolio Property, each Qualified Development Property and each Non‑Stabilized Portfolio Property), divided by the Applicable Capitalization Rate for each such Portfolio Property, multiplied by (ii) four, plus (b) the acquisition cost paid by the applicable member(s) of the Consolidated Group for each Newly‑Acquired Portfolio Property, plus (c) the aggregate book value of all Specified Investments owned by the Consolidated Group at such time, plus (d) the aggregate undepreciated book value of all Qualified Development Properties and all Non‑Stabilized Portfolio Properties at such time, plus (e) the Consolidated Group Pro Rata Share of each of the items referenced in clauses (a) through (d) of this definition (and the components thereof) to the extent relating to Portfolio Properties, Specified Investments, Qualified Development Properties or Non‑Stabilized Portfolio Properties, as applicable, owned by Unconsolidated Affiliates which Portfolio Property, Specified Investment, Qualified Development Property or Non‑Stabilized Portfolio Property would, if owned or ground leased by a member of the Consolidated Group, constitute a Portfolio Property, Specified Investment, Qualified Development Property or Non‑Stabilized Portfolio Property described in one of the clauses above, will be included in the calculation of Total Asset Value on a basis consistent with the above treatment for properties owned or ground leased by the Consolidated Group plus (f) all cash and Cash Equivalents owned by the Consolidated Group at such time; provided, that notwithstanding the foregoing for purposes of calculating Total Asset Value at any time:
TAV means the tax on add-value as defined by current French regulations.