Within the Netherlands , nearly all housing is developed and built through property builders, together with improvement in upmarket segments. Subject to relevant law, (i) when you disagree with any proposed change, your sole remedy is to cancel your price-based mostly Service earlier than the price change takes impact and (ii) your continued use of or subscription to the Service after the worth change takes effect constitutes your agreement to pay the brand new price for the Service.
Means a Real Property Asset owned by the Borrower or one in every of its Subsidiaries on which the construction or redevelopment of a hotel or different hospitality property has commenced, other than any Real Estate Asset with respect to which any interruption of development or redevelopment has lasted for multiple hundred and twenty (one hundred twenty) consecutive days and is then continuing.
Means a Property which is underneath growth or which (as determined in good faith by the Borrower ) will start improvement inside twelve months of the date of willpower A Improvement Property shall cease to constitute a Development Property on the sooner of (a) the one yr anniversary date of venture completion and (b) the first day of the first full fiscal quarter after the venture achieves an Occupancy Charge of 85%.
We, in our sole discretion, might change, discontinue or terminate any or all facets of a price-primarily based Service with out notice, together with access to help providers, content material and different services or products ancillary to the payment-based mostly Service, topic to offering an appropriate refund for any parts of a specified but not out there term.
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Inside the Deal Summary, all vital assumptions – together with the schedule (which lays out the timeline), property stats, improvement costs, financing assumptions, and gross sales assumptions – are listed and used to calculate the economics and profitability Profitability IndexThe Profitability Index (PI) measures the ratio between the current worth of future money flows to the preliminary funding.
Means actual property acquired for functions of changing into, or at the moment below development into, an Income Property that is owned, operated or leased or in any other case controlled by the Firm or its Restricted Subsidiaries Every Growth Property shall continue to be categorised as a Development Property beneath this Indenture till the Firm reclassifies such Improvement Property as an Income Property for functions of this Indenture, upon and after which such Property shall be categorised as an Earnings Property underneath this Indenture.