Pool Value means, as of any date of determination, without duplication, the sum of the total cost of each Pool Property determined in accordance with GAAP.
Pool Value means (a) prior to a Security Interest Termination Event, the aggregate sum of Value for the Pool Properties, determined individually for each Pool Property, of (i) for Pool Properties owned less than twelve (12) months, undepreciated cost and (ii) for Pool Properties owned twelve (12) months or longer, the most recent Appraised Value, which shall have been determined within the prior twelve (12) month period, and (b) following the occurrence of a Security Interest Termination Event, Net Operating Income from the Pool Properties divided by six and three-quarters percent (6.75%).
Pool Value means the aggregate sum for the Mortgaged Properties, determined individually for each Mortgaged Property, of the lesser of the: (i) Allocated Purchase Price; or (ii) Appraised Value.
Examples of Pool Value in a sentence
Notwithstanding the prior sentence, the Committee shall have the power and authority, in its sole and absolute exercise of negative discretion, to reduce the Earned Shares such that the Earned Shares Value will be less than the Award Pool Value, which reduction may be made by taking into account the factors described above under Section 3 of this Agreement or any other criteria the Committee deems appropriate.
If any Rental Pool Asset is distributed to Starwood in accordance with Section 6.5, then Starwood’s Capital Account shall be reduced (without duplication), as a result of such Distribution, by an amount equal to the Rental Pool Value of such Rental Pool Asset.
More Definitions of Pool Value
Pool Value means the lesser of (a) the aggregate Appraised Value of the Mortgaged Properties or (b) the aggregate Cost of the Mortgaged Properties.
Pool Value means, as to each property in the Pool, (a) for Real Property that has been owned by the Borrower for less than twelve (12) months, the lesser of (i) the "as stabilized" Appraised Value of such property, and (ii) the Historical Value of such property, and (b) thereafter and for all other Real Property, the "as is" Appraised Value of such property.
Pool Value means the lesser of (a) the aggregate Appraised Value of the Mortgaged Properties or (b) the aggregate Cost of the Mortgaged Properties. During the initial Term, subject to the terms of Section 5.16, Administrative Agent shall have the right to order updated appraisals of the Pool properties for the purpose of determining Pool Value no more frequently than once annually. Administrative Agent shall have the right to, and at the request of the Required Lenders shall, order updated appraisals in connection with a requested extension of the facility at Borrower’s expense.
Pool Value means the sum of (i) for completed Pool Properties, Net Operating Income from the Pool Properties divided by 7.75% plus (ii) for Pool Properties which are Assets under Development, the lesser of (a) undepreciated cost basis or (b) stabilized appraised value based on the most recent MAI appraisal obtained by the Borrower.
Pool Value means, for any Pool Property, the lesser of (i) the purchase price for such Pool Property and (ii) the Appraised Value of such Pool Property; provided that, if the Administrative Agent has not obtained an Appraisal in respect of such Pool Property, the Pool Value of such Pool Property shall be the purchase price of such Pool Property.
Pool Value means the sum of: