Common use of Minimum Appraised Value Clause in Contracts

Minimum Appraised Value. The Appraised Value of the Borrowing Base Assets is $ [and immediately following the Transaction will be $ ], which is not less than $130,000,000 as required by Section 5.04(b)(iii) of the Credit Agreement.

Appears in 3 contracts

Sources: Credit Agreement (Campus Crest Communities, Inc.), Credit Agreement (Campus Crest Communities, Inc.), Credit Agreement (Campus Crest Communities, Inc.)

Minimum Appraised Value. The Appraised Value of the Borrowing Base Assets is $ [and immediately following the Transaction will be $ ]$216,150,000, which is not less than $130,000,000 as required by Section 5.04(b)(iii) of the Credit Agreement.

Appears in 1 contract

Sources: Loan Agreement (Campus Crest Communities, Inc.)

Minimum Appraised Value. The Appraised Value of the Borrowing Base Assets is $ [and immediately following the Transaction will be $ ]$_____________, which is not less than $130,000,000 as required by Section 5.04(b)(iii) of the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Campus Crest Communities, Inc.)