Designated Collateral Value Sample Clauses

Designated Collateral Value. The Borrower will not permit the outstanding principal balance of the Loans as of the date of determination to be greater than the Designated Collateral Value as of the date of determination.
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Designated Collateral Value. At the relevant time of reference thereto, the sum of (a) for each of the initial Mortgaged Properties, the Initial Collateral Value for such Mortgaged Property, plus (b) the lesser of (i) seventy-five percent (75%) of the all-in acquisition cost (including reasonable closing costs) of a Mortgaged Property accepted as a Mortgaged Property after the date of this Agreement plus the historic cost of capital improvements to such Mortgaged Property after the date of such acceptance and (ii) seventy-five percent (75%) of the Appraised Value of a Mortgaged Property accepted as a Mortgaged Property after the date of this Agreement as determined in connection with the acceptance of such Mortgaged Property as Collateral or as most recently determined pursuant to Section 2.8 of this Agreement, subject to the terms of Section 5.4, plus (c) the current value of cash and Eligible Short-term Investments, if any, at the time pledged to the Agent as Collateral pursuant to a Pledge Agreement, plus (d) for so long as the Equity Interests are pledged to the Agent as Collateral pursuant to the Assignment of Interests, an amount equal to (i) the Appraised Value of the Mezzanine Property as most recently determined pursuant to Section 2.8 of this Agreement, subject to the terms of Section 5.4, or (ii) the all-in acquisition costs (including reasonable closing costs) of the Mezzanine Property, whichever is less, minus the principal Indebtedness of the Property Owner (provided that in no event shall such sum (being the Designated Collateral Value amount with respect to the Mezzanine Property) plus the principal Indebtedness of the Property Owner exceed the lesser of (A) seventy-five percent (75%) of the Appraised Value of the Mezzanine Property as determined above, or (B) seventy-five percent (75%) of the all-in acquisition cost of the Mezzanine Property as determined above), plus (d) the current value determined in a manner agreed to by the Majority Banks of Collateral accepted by the Majority Banks under clause (v) of Section 5.1. For the purposes of clause (b) above, the lesser of the amount determined pursuant to clause (b)(i) and (b)(ii) above shall be the Designated Collateral Value for each such Mortgaged Property subject thereto, and the aggregate of the amounts determined for each Mortgaged Property subject thereto shall be the Designated Collateral Value for all such Mortgaged Properties. For the purposes of clause (d) above, the acquisition cost of the Mezzanine Propert...
Sample 1
Designated Collateral Value. (Attach separate worksheet for each Mortgaged Property and the Mezzanine Property)
Sample 1
Designated Collateral Value. At the relevant time of reference thereto, the sum of (a) 70% of the outstanding principal balance of the Sonterra Note, (b) 60% of the outstanding principal balance of the 000 Xxxx Xxxxxx Note and any other Collateral Notes, and (c) not less than 40% but not greater than 60% as determined by the consent of all of the Banks in their sole discretion, of the Appraised Value of the Mortgaged Property.
Sample 1
Designated Collateral Value. Seventy-five percent (75%) of the Appraised Value of a Mortgaged Property as determined in connection with the acceptance of such Mortgaged Property as Collateral. The aggregate of the amounts determined for each Mortgaged Property shall be the Designated Collateral Value for all of such Mortgaged Properties.
Sample 1
Designated Collateral Value. At any time, eighty percent (80%) of the lesser of (i) the Market Value of the Collateral Note, and (ii) the outstanding principal balance of the Collateral Note. The Designated Collateral Value shall be zero for the Collateral Note:
Sample 1
Designated Collateral Value. A. Total outstanding principal balance of Loans (after giving effect to any Loan Request) $__________
Sample 1
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Related to Designated Collateral Value

  • Collateral Value 12 Commission..............................................................................................12 Company ...............................................................................................12

  • Annual Collateral Verification Each year, at the time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(c), Company shall deliver to Collateral Agent a certificate of an Authorized Officer either (i) confirming that there has been no change in such information since the date of the Collateral Questionnaire delivered on the Closing Date or the date of the most recent certificate delivered pursuant to this Section 5.1(o) or (ii) identifying such changes;

  • Eligible Assets The Fund shall only make investments in the Eligible Assets as described on Exhibit B, as amended from time to time with the prior written consent of Xxxxx Fargo, in accordance with the Fund’s investment objectives and the investment policies set forth in the Offering Memorandum, as such investment objectives and investment policies may be modified in accordance with the 1940 Act and applicable law and, if applicable, the Related Documents.

  • Eligible Inventory As to each item of Inventory that is identified by any Borrower as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

  • Change in Collateral; Collateral Records (i) Give the Collateral Agent not less than 30 days prior written notice of any change in the location of any Collateral, other than to (or in-transit between) locations set forth on Schedule 6.01(ff) and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, (ii) advise the Collateral Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the Collateral or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the Collateral Agent for the benefit of the Agents and the Lenders from time to time, solely for the Collateral Agent’s convenience in maintaining a record of Collateral, such written statements and schedules as the Collateral Agent may reasonably require, designating, identifying or describing the Collateral.

  • APPLIED TO THE DEBT REGARDLESS OF ANY APPRAISED VALUE OF THE COLLATERAL The undersigned specifically acknowledges and affirms its waiver of appraisal rights as evidenced by its signature below.

  • Eligibility to Hold Posted Collateral; Custodians A Custodian will be entitled to hold Posted Collateral on behalf of Party B pursuant to Paragraph 6(b); provided that:

  • Eligible Receivables Each Receivable included as an Eligible Receivable in the calculation of the Net Receivables Pool Balance as of any date is an Eligible Receivable as of such date.

  • Appraised Value If an Objecting Party objects in writing to the Initial Valuation within ten (10) days after its receipt of the Valuation Notice, the Objecting Party, within fourteen (14) days from the date of such written objection, shall engage an Independent Appraiser (the “First Appraiser”) to determine within thirty (30) days of such engagement the Fair Market Value of the Partnership Interests (the “First Appraised Value”). The cost of the First Appraiser shall be borne by the Objecting Party. If the First Appraised Value is at least eighty percent (80%) of the Initial Value and less than or equal to one hundred twenty percent (120%) of the Initial Value, then the Purchase Price shall be the average of the Initial Value and the First Appraised Value. If the First Appraised Value is less than eighty percent (80%) of the Initial Value or more than one hundred twenty percent (120%) of the Initial Value, then the Partnership and the Objecting Party shall, within fourteen (14) days from the date of the First Appraised Value, mutually agree on and engage a second Independent Appraiser (the “Final Appraiser”). The cost of the Final Appraiser shall be borne equally by the Partnership and the Objecting Party. The Final Appraiser shall determine within thirty (30) days after its engagement the Fair Market Value of the Partnership Interests, but if such determination is less than the lesser of the Initial Value and the First Appraised Value then the lesser of the Initial Value and the First Appraised value shall be the value or if such determination is greater than the greater of the Initial Value and the First Appraised Value then the greater of the Initial Value and the First Appraised Value shall be the value (the “Final Valuation”). The Purchase Price shall be equal to the Final Valuation and shall be final and binding upon the parties to this Agreement for purposes of the subject transaction.

  • Eligible Collateral (a) As used herein the term “

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