unencumbered value definition

unencumbered value means value free of mortgages, charges, liens or other encumbrances.
unencumbered value means the sum, without duplication, of (i) Unencumbered Property Value, plus (ii) Acquisition Properties that are Unencumbered Properties valued, with respect to each such Acquisition Property, at the higher of its acquisition cost (after taking into account any impairments) or its Property Value (assuming for purposes of such valuation that such Acquisition Property is a Stabilized Property), provided that once an Acquisition Property is valued at its Property Value, such Acquisition Property can no longer be valued by using its acquisition cost, plus (iii) Unencumbered Construction-in-Process and Eligible Land Value, plus (iv) the aggregate amount of unrestricted cash or Cash Equivalents of the Combined Parties, plus (v) Eligible Cash 1031 Proceeds, to the extent not subject to a Lien, plus (vi) all notes receivable of the Combined Parties valued at the lower of cost or market in accordance with GAAP and which are not more than 30 days past due or otherwise in default, to the extent not subject to a Lien, which credit will be limited to 5% of Unencumbered Value; provided that Unencumbered Construction-in-Process and Eligible Land Value shall not account for more than 15% of Unencumbered Value.
unencumbered value means the portion of Reorganized Avaya Total Enterprise Value that is not Encumbered Value.

Examples of unencumbered value in a sentence

  • As of the first day of each calendar quarter for the immediately preceding calendar quarter, the ratio, expressed as a percentage, of (i) Unsecured Indebtedness to (ii) Unencumbered Value shall not exceed fifty percent (50%).


More Definitions of unencumbered value

unencumbered value means the sum of Unencumbered Property Value plus Unencumbered Construction-in-Process and Eligible Land Value; provided that (i) no property shall account for more than 15% of Unencumbered Value and (ii) Unencumbered Construction-in-Process and Eligible Land Value shall not account for more than 15% of Unencumbered Value.
unencumbered value means the portion of Reorganized Avaya Total Enterprise Value that is not Encumbered Value. 200. “Unexpired Lease” means a lease to which one or more of the Debtors is a party that is subject to assumption or rejection under sections 365 or 1123 of the Bankruptcy Code. 201. “Unimpaired” means, with respect to a Claim or a Class of Claims or Interests, a Claim or an Interest that is unimpaired within the meaning of section 1124 of the Bankruptcy Code. 202. “Unsecured” means, with respect to any Claim, any Claim that is not a Secured Claim. 203. “Voting Deadline” means 5:00 p.m. (Eastern Time) on [__], 2017, which is the deadline for submitting Ballots to accept or reject the Plan in accordance with section 1126 of the Bankruptcy Code. B.
unencumbered value means, for any period, that portion of
unencumbered value means, for any period, that portion of ------------------ Capitalization Value attributable to Projects not encumbered by Secured Indebtedness.

Related to unencumbered value

  • Unencumbered NOI means, for any period, the total for such period of (a) the NOI of all Unencumbered Properties; provided that this clause (a) shall not include any NOI that is subject to any Lien (other than Permitted Liens); plus (b) the management fees of the Companies that are not subject to any Lien (other than Permitted Liens) less related expenses; plus (c) Allowed Unconsolidated Affiliate Earnings that are not subject to any Lien (other than Permitted Liens); minus (d) the amount, if any, by which the sum of the amounts of clauses (b) and (c) above exceeds 40% of the sum of the amounts of clauses (a), (b) and (c) above.

  • Unencumbered license means a license issued in good

  • Asset Value means, with respect to any property or asset of any Consolidated Company as of any particular date, an amount equal to the greater of (i) the then book value of such property or asset as established in accordance with GAAP, and (ii) the then fair market value of such property or asset as determined in good faith by the board of directors of such Consolidated Company.