BPO definition

BPO. A broker's price opinion with respect to a Mortgaged Property.

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BPO means an opinion of the fair market value of a Mortgaged Property given by a licensed real estate agent or broker which generally includes three comparable sales and three comparable listings.

BPO. A broker's price opinion.

Examples of BPO in a sentence

• Required Lenders shall have the right, from time to time, but in no event more frequently than once in any calendar year, at Borrowers’ expense, to obtain reviews (or reconciliations) of BPO Values from any of the Approved BPO Providers with respect to up to fifteen percent (15%) (by number) of the Stabilized Properties.

• In the event that BPO Values decline such that the Outstanding Principal Balance would exceed the Aggregate Collateral Value, Borrowers shall prepay the Loan in accordance with Section 2.4.2(a)(iv).

• In the event Borrowers elect to order a third BPO, the BPO Value shall be the average of the two lower values.

• Borrowers may, at their option, accept the updated BPO Values for purposes of the definition of BPO Value or order a separate BPOs from another Approved BPO Provider not previously used for such Property by Borrowers or Lenders.

• In addition to, and not in limitation of, the foregoing, any BPO obtained after the initial BPO with respect to any Property collateralizing the Loan will be delivered to Lenders promptly following receipt by Borrowers regardless of purpose or purchaser of such BPO.

More Definitions of BPO

BPO. A broker's price opinion obtained by the Purchaser.

BPO means Business Process Outsourcing;

BPO means an opinion of the fair market value of a Mortgaged Property or an REO Property given by a licensed real estate agent or broker in conformity with customary and usual business practices, which includes comparable sales and comparable listings and complies with the criteria set forth in the Financial Institutions Reform, Recovery and Enforcement Act of 1989 for an “appraisal” or an “evaluation” as applicable.

BPO means "before payout", as such payout may be established under the respective farmout agreements, joint operating agreements, participation interests and similar agreements affecting each Property, including payouts providing reversionary rights of parties who have elected not to participate in an operation under a joint operating agreement. If at the Effective Time there is an outstanding payout balance affecting any particular well or Property, the listed BPO interest in such well or Property shall reflect the Partnership's WI and NRI at the Effective Time.

BPO means a broker’s price opinion of the estimated value of any Real Property given by a licensed real estate agent or broker familiar with the real estate market in which the applicable Real Property is located and that is reasonably acceptable to the Administrative Agent in conformity with customary and usual business practices for appraisals.

BPO means an opinion of the fair market value of a Mortgaged Property, Rental Property or parcel of real property given by a licensed real estate agent or broker in conformity with customary and usual business practices, which includes comparable sales and comparable listings and complies with the criteria set forth in FIRREA for an “appraisal” or an “evaluation” as applicable; provided that no BPO shall be valid if it is dated earlier than (x) ninety (90) days prior to the applicable Purchase Date and (y) one hundred and eighty (180) days prior to any date of determination.

BPO means Brookfield Office Properties Inc.;