Depreciated Collateral Value definition

Depreciated Collateral Value means, as of any Payment Date, the ---------------------------- depreciated Collateral Value as set forth opposite such Payment Date on Schedule -------- III hereto, provided that if any Unit has been released from the scope of this --- -------- Lease and the Security Interest pursuant to any of Sections 6.1(a), 11.3 or --------------- ---- 11.4, the Depreciated Collateral Value shall be reduced by subtracting the ---- product of the Unit Value Fraction of the released Unit and the Depreciated Collateral Value as of the date of determination.
View Source

Related to Depreciated Collateral Value

  • S&P Collateral Value With respect to any Defaulted Obligation or Long Dated Obligation, the lesser of (i) the S&P Recovery Amount of such Defaulted Obligation or Long Dated Obligation, as applicable, as of the relevant Measurement Date and (ii) the Market Value of such Defaulted Obligation or Long Dated Obligation, as applicable, as of the relevant Measurement Date.

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Stored value means monetary value that is evidenced by an electronic record.

  • Adjusted Collateral Principal Amount means, as of any date of determination:

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.