Asset Value definition

Asset Value has the meaning assigned to such term in the Pricing Side Letter.

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Asset Value means, with respect to any property or asset of any Consolidated Company as of any particular date, an amount equal to the greater of (i) the then book value of such property or asset as established in accordance with GAAP, and (ii) the then fair market value of such property or asset as determined in good faith by the board of directors of such Consolidated Company.

Asset Value at any date means the fair market value of assets in a Series representing the purchase price that a willing buyer having all relevant knowledge would pay a willing seller for such assets in an arm’s length transaction, determined by the Managing Member in its sole discretion.

Examples of Asset Value in a sentence

Each of the Qualified Assets included by the Company in calculation of the Unencumbered Asset Value satisfies all of the requirements contained in this Agreement for the same to be included therein.
After the initial Purchase Date, as part of separate Transactions, Sellers may request, and Buyers may fund in their sole and absolute discretion, subject to the terms and conditions of this Agreement, an increase to the Purchase Price for a Purchased Asset based on an increase in Asset Value resulting from the satisfaction, in whole, or in part, of a Future Funding Obligation, which has been advanced by the Sellers to the related Mortgagor.
The Company will not, and will not permit any other Company Party to, directly or indirectly, create, incur, assume or otherwise become directly or indirectly liable with respect to any Secured Indebtedness if the Total Secured Outstanding Indebtedness to Total Asset Value would exceed 40% at the time of such creation, incurrence or assumption.
When determining the Applicable Margin or compliance with Section 8.22 or with any financial covenant contained in any of the Loan Documents (and in the calculation of any component definition thereof, including, for the sake of clarity, Total Asset Value) only the Borrower’s Ownership Share of a Real Property or other Property shall be included.

More Definitions of Asset Value

Asset Value means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, except as follows:

Asset Value means, as of any day of determination in respect of any asset of the Borrower, the Value of such asset computed in the manner as such Value is required to be computed by the Borrower in accordance with the Prospectus and Applicable Law, including, without limitation, the Investment Company Act; provided that:

Asset Value. With respect to each Purchased Asset and any date of determination, an amount equal to the following, as applicable, as the same may be reduced in accordance with Section 4.3, and, in the case of each Purchased Mortgage Loan, as shall include the related Servicing Rights:

Asset Value has the meaning set forth in Section 1.01 of the Holdings LLC Agreement.

Asset Value means, with respect to any Collateral Asset on the relevant date of determination,

Asset Value means, at any date of determination, (a) in the case of any Technology Asset, the Capitalized Value of such Asset; provided, however, that the Asset Value of each such Technology Asset (other than a former Development Asset or Redevelopment Asset) shall be deemed to be, during the first 12 months following the date of acquisition thereof, the greater of (i) the acquisition price thereof, or (ii) the Capitalized Value thereof, provided, further, that an upward adjustment shall be made to the Asset Value of any such Technology Asset (in the reasonable discretion of (i) the Required Holders (if determining the Asset Value of an Unencumbered Asset) or (ii) the Administrative Agent (or, during the continuance of an Event of Default, the Required Holders) (if determining the Asset Value for any purpose other than determining the Asset Value of an Unencumbered Asset)) as new Tenancy Leases are entered into in respect of such Asset in the ordinary course of business, (b) in the case of any Development Asset or Redevelopment Asset, the book value of such Asset determined in accordance with GAAP (but determined without giving effect to any depreciation), (c) in the case of any Joint Venture Asset that, but for such Asset being owned by a Joint Venture, would qualify as a Technology Asset under the definition thereof, the JV Pro Rata Share of the Capitalized Value of such Asset; provided, however, that the Asset Value of such Joint Venture Asset shall be deemed to be, during the first 12 months following the date of acquisition thereof, the JV Pro Rata Share of the greater of (i) the acquisition price thereof, or (ii) the Capitalized Value thereof, provided, further, that an upward adjustment shall be made to Asset Value of any Joint Venture Asset described in this clause (c) (in the reasonable discretion of (i) the Required Holders (if determining the Asset Value of an Unencumbered Asset) or (ii) the Administrative Agent (or, during the continuance of an Event of Default, the Required Holders) (if determining the Asset Value for any purpose other than determining the Asset Value of an Unencumbered Asset)) as new leases, subleases, real estate licenses and occupancy agreements are entered into in respect of such Asset in the ordinary course of business, and (d) in the case of any Joint Venture Asset not described in clause (c) above, the JV Pro Rata Share of the book value of such Joint Venture Asset determined in accordance with GAAP (but determined without giving e...

Asset Value means the amount calculated as at each Calculation Date as follows: where,