Casualty Value

Casualty Value. (x) as of any date during the Basic Lease Term, shall mean the percentage of Facility Cost (USD $400,000,000.00) set forth opposite such date (or the Basic Rent Payment Date next succeeding such date) in Schedule 2 to the Facility Lease as added by Lease Supplement No. 3 dated as of May 1, 2004, (y) as of any date during the Selected Renewal Term, shall mean the sum of (1) the amount in dollars set forth opposite such date (or the Basic Rent Payment Date next succeeding such date) in Schedule 1... to this Lease Supplement No. 4, and (2) Basic Rent then due or to become due on such next succeeding Basic Rent Payment Date, and (z) as of any date during any renewal term other than the Selected Renewal Term, shall mean the amount determined by amortizing ratably the Fair Market Sales Value of the Undivided Interest as of the commencement of such Renewal Term in semi-annual steps to the amount estimated as of such commencement date to be the Fair Market Sales Value of the Undivided Interest as of the last day of such Renewal Term, together with amounts of Basic Rent then due. View More