Pool Value Sample Clauses
The Pool Value clause defines the total monetary worth or aggregate value of a specified group of assets, contracts, or items that are collectively referred to as the "pool" within an agreement. This clause typically outlines how the pool is valued, what assets are included, and the timing or method for determining the value, such as periodic appraisals or market-based calculations. Its core practical function is to establish a clear and agreed-upon basis for calculating payments, distributions, or risk allocations that depend on the value of the pooled assets, thereby reducing disputes and ensuring transparency between parties.
Pool Value. Any information required by the Agent to determine the Pool Value attributable to such Eligible Real Estate and compliance with §7.26.
Pool Value. As of the date of determination, without duplication, the lesser of the following amounts determined individually for each Pool Property: (a) the Appraised Value of such Pool Property, and (b) the sum of the Property Costs and Acquisition Closing Costs of such Pool Property. The aggregate Pool Value for all Pool Properties shall be the sum of such calculations for all of the Pool Properties; provided, however, in the event that an adverse change occurs with respect to a material tenant(s) (individually or in the aggregate) at a Pool Property (e.g., a Tenant Reporting Event has occurred and is continuing, an amendment to a lease without Agent's prior written consent, lease termination, default of base rent or other material payment obligations under its respective Lease for more than seventy-five (75) days beyond the date upon which such payment obligations were due, assignment or sublease of a material portion of the space without Agent’s prior written consent), then for the purposes of the covenant calculations, at the Borrower’s election, the Pool Property will immediately after the end of such 75 day period be valued at either (i) zero (0), or (ii) the current Appraised Value as determined by an updated Appraisal acceptable to the Agent. Additionally, if performance of the Pool Property improves or the adverse change is otherwise cured to Agent’s reasonable satisfaction, then the Borrower will have the right to obtain a new Appraisal acceptable to the Agent. Once the new Appraisal is accepted by Agent, then the value of the Pool Property shall be updated for purposes of this Agreement.
Pool Value. As of any date of calculation for any Pool Property, subject to §9.9(e), the Value of such Pool Property as of such date.
Pool Value. On any date of determination, the sum of Multi-Family Pool Value and Legacy Pool Value.
Pool Value. For the purpose of calculating such ratio, Unsecured Debt shall be adjusted by deducting an amount equal to the lesser of the amount of (i) unrestricted cash and cash equivalents on the date of determination and (ii) the amount of Unsecured Debt. “Unused Fee” shall have the meaning set forth in Section 2.11(a). “Usage” means, from time to time, the aggregate Revolving Loans and LC Exposure of each Lender (but excluding, for the sake of clarity, any Swingline Loans or participation exposure in connection with any Swingline Loans). - 38 - \\DC - 769032/000001 - 15799738 v7
Pool Value. As of any date of calculation for any Pool Property, subject to 0, the Value of such Pool Property as of such date.
Pool Value. The Pool Value shall be at least $100,000,000 at all times.
Pool Value. For the purpose of calculating such ratio, Unsecured Debt shall be adjusted by deducting an amount equal to the lesser of the amount of (i) unrestricted cash and cash equivalents on the date of determination and (ii) the amount of Unsecured Debt.