Common use of Minimum Asset Value Clause in Contracts

Minimum Asset Value. The lesser of (a) the consolidated Book Value of all Unencumbered Assets or (b) the Fair Market Value of all Unencumbered Assets shall at all times equal or exceed $150,000.000.00.

Appears in 2 contracts

Sources: Facility and Guaranty Agreement (Sun Communities Inc), Line of Credit Agreement (Sun Communities Inc)