Asset Values definition

Asset Values means (a) with respect to each REO Property, the Lender's estimate of the current market value of such REO Property based upon such methods of analysis as the Lender shall reasonably determine in its sole discretion and (b) with respect to each Mortgage Loan, the least of (i) 85% of the fair market value of the related Mortgaged Property, as stated in the Appraisal delivered in connection with the closing of the Loan (unless an Appraisal shall have been delivered after the Closing Date in which event as stated in the most recent Appraisal delivered after the Closing Date), (ii) the Lender's estimate of the current market value of the related Mortgaged Property based upon such methods of analysis as the Lender shall reasonably determine in its sole discretion, and (iii) outstanding principal balance of such Mortgage Loan; provided, however, that in the event the Borrower requests an Appraisal of one or more REO Properties or Mortgaged Properties pursuant to Section 2.12(b)(iv) or (v), then Asset Value shall be (x) with respect to such REO Property for which the Borrower has requested an Appraisal, the fair market value as stated in such Appraisal and (y) with respect to such Mortgage Loan for which the Borrower has requested an Appraisal, the lesser of (1) 85% of the fair market value of the related Mortgaged Property as stated in such Appraisal or (2) the outstanding principal balance of such Mortgage Loan.
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Examples of Asset Values in a sentence

  • The parties acknowledge the calculation of the intraday “floating” Net Asset Values are subject to the Fund’s policies on as of transactions, NAV error correction, and such other policies that may impact the calculation of a Fund’s Net Asset Value.

  • The voting rights of the Units shall be determined by their respective Net Asset Values.

  • In reporting Net Asset Values to Investors and third parties on an interim basis, the Sponsor shall be entitled to accrue fees and payments due at the end of a period as if such fees or payments were due (on a pro rata basis, if appropriate) as of the end of an interim period within such period.

  • In the event the Gross Asset Values of the Company Assets are adjusted pursuant to this Agreement, the Capital Accounts of all Members shall be adjusted simultaneously to reflect the aggregate net adjustment as if the Company had recognized gain or loss equal to the amount of such aggregate net adjustment and the resulting gain or loss had been allocated among the Members in accordance with this Agreement.

  • For purposes of this Agreement, the Adjusted Gross Asset Value shall be the aggregate “Cash Consideration Amount.” The Cash Consideration Amount to be paid by the Buyer to the Sellers shall be equal to the sum of the Allocated Asset Values in respect of the Transferred Assets to be purchased and sold at the Closing, as adjusted to reflect net proration and other adjustments provided for in this Agreement applicable to such Transferred Assets.

  • Where subscription and/ or redemption prices are based on estimated Net Asset Values, it should be noted that such prices may not be revised if such estimates prove to be inaccurate.

  • THIRD, gains will be allocated among all Investors based on the respective Net Asset Values of their outstanding Units.

  • THIRD, losses shall be allocated among all Investors based on the respective Net Asset Values of their outstanding Units.

  • The UK’s exit from the EU, the anticipation of the exit or the terms of the exit could also create significant uncertainty in the UK (and potentially global) financial markets, which may materially and adversely affect the performance of the Portfolios, their Net Asset Values, the Portfolios’ earnings and returns to Shareholders.

  • In the event that the Gross Asset Values of Partnership assets are adjusted pursuant to this Agreement, the Capital Accounts of all Partners shall be adjusted simultaneously to reflect the aggregate net adjustment as if the Partnership recognized gain or loss equal to the amount of such aggregate net adjustment.

Related to Asset Values

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

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

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.

  • Total Asset Value means as of any date of determination the sum (without duplication) of all of the following of the Borrower, the REIT Guarantor and their Subsidiaries on a consolidated basis determined in accordance with GAAP applied on a consistent basis: (a) cash and Cash Equivalents, plus (b) with respect to each Property (other than Development Properties, the Market Square Property and Properties with a negative Net Operating Income) owned for four (4) consecutive fiscal quarters by the Borrower, the REIT Guarantor or any of their respective Subsidiaries, the quotient of (i) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (ii) the applicable Capitalization Rate, plus (c) with respect to each Property acquired during the most recent four (4) fiscal quarters of the Borrower, the greater of (i) the quotient of (A) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the applicable Capitalization Rate, and (ii) the undepreciated GAAP book value (after taking into account any impairments) of such Property, plus (d) with respect to the Market Square Property, the greater of (1) the quotient of (A) Net Operating Income less Capital Reserves attributable to the Market Square Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the Capitalization Rate for CBD or Urban Infill Properties, and (2) the undepreciated GAAP book value (after taking into account any impairments) of the Market Square Property, plus (e) the undepreciated GAAP book value (after taking into account any impairments) for Construction-In-Process for Development Properties, plus (f) the undepreciated GAAP book value (after taking into account any impairments) of Unimproved Land. The Borrower’s pro rata share of assets held by Unconsolidated Affiliates (excluding assets of the type described in the immediately preceding clause (a)) will be included in Total Asset Value calculations consistent with the above described treatment for wholly owned assets. For purposes of determining Total Asset Value, Net Operating Income from Properties acquired or disposed of by the Borrower, any Subsidiary of the Borrower or any Unconsolidated Affiliate during the immediately preceding four (4) fiscal quarters of the Borrower shall be excluded from clause (b) above. For purposes of determining Total Asset Value, Total Asset Value attributable to the following investments in excess of the limitations set forth below shall be excluded from Total Asset Value:

  • Net Value has the meaning set forth in Section 1.68(a)(ii).