Facility Value definition

Facility Value means the amount equivalent to the sum total of the amount of the Loan to Value.
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Facility Value means a sum of USD of lawful currency which shall represent the total value of the FACILITY approved by the BANK in favour of the APPLICANT.
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Facility Value means the amount set forth on Schedule 1 to this Appendix A. “Fair Market Rental Value” or “Fair Market Sales Value” of the Facility or the Head Lease Interest in the Facility means the value in Dollars which would be obtained in an arm’s-length transaction between an informed and willing lessee-user or buyer-user (other than a lessee currently in possession [or a used waste water facilities dealer]) under no compulsion to lease or buy, as the case may be, and an informed and willing lessor or seller, as the case may be, under no compulsion to lease or sell, as the same shall be specified by agreement between the Owner Participant and the Lessee or, if not agreed to by the Owner Participant and the Lessee within a period of fifteen (15) days after either party requests a determination, then as specified in an appraisal mutually agreed to by two recognized [waste water facility] appraisers, one of which shall be appointed by the Owner Participant and the other of which shall be appointed by the Lessee, or, if such appraisers cannot agree on such appraisal, an appraisal arrived at by a third independent recognized [waste water facility] appraiser chosen by the mutual consent of the two appraisers. If either party should fail to appoint an appraiser within fifteen (15) days of receiving notice of the appointment of an appraiser by the other party, then such appraisal shall be made by the appraiser appointed by the first party. If the two appraisers cannot agree on such appraisal and fail to appoint a third appraiser within fifteen (15) days after the appointment of the second appraiser, then either party may apply to the American Arbitration Association to make such appointment. The appraisal shall be completed within thirty (30) days of the appointment of the last appraiser appointed. In determining Fair Market Rental Value or Fair Market Sales Value by appraisal or otherwise, it will be assumed that the Facility is unencumbered by the Lease, the Sublease and the User Lease and is otherwise in the condition in which it is required to be returned to the Lessor pursuant to Section 13 of the Lease (except that a determination of Fair Market Sales Value or Fair Market Rental Value for purposes of Section 17(c) of the Lease (other than the last proviso thereof) shall be based on “as-is, where-is” condition) and that the Lessee has removed all Parts which it is entitled to remove pursuant to the last sentence of Section 8(c) of the Lease.
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Examples of Facility Value in a sentence

  • If an item of Collateral included in the Borrowing Base and for which a Loan was advanced fails at any time to be acceptable to the Lender under the definition of Eligible Vehicle Collateral, as reasonably determined by the Lender in its sole discretion, the Vehicle Facility Value of such Collateral as of such date of determination will be deemed to be zero.

  • If Seller does not deliver such a written notice within such period, the Estimated Facility Value (as prepared by Purchaser) shall be final and binding on the Parties for all purposes of this Agreement.

  • If an item of Collateral included in the Borrowing Base and for which a Loan was advanced fails at any time to be acceptable to the Lenders under the definition of Eligible Vehicle Collateral, as reasonably determined by the Lenders in its sole discretion, the Vehicle Facility Value of such Collateral as of such date of determination will be deemed to be zero.

  • Seller shall deliver written notice of any disagreement with respect to the Estimated Facility Value to Purchaser within [* * *] days after Seller’s receipt of the Estimated Facility Value.

  • If Purchaser does not deliver such a written notice within such period, the Proposed Allocation (as prepared by Seller), the proposed Facility Value and the Closing Seller Transfer Taxes shall be final and binding on the Parties for all purposes of this Agreement.

  • Purchaser shall deliver written notice of any disagreement with respect to the Proposed Allocation (which notice shall include a reasonably detailed description of the disputed items), the proposed Facility Value and the Closing Seller Transfer Taxes to Seller within [* * *] days after Purchaser’s receipt of the Proposed Allocation.


More Definitions of Facility Value

Facility Value means an amount, determined as of each Valuation Date for each Facility equal to (i) the trailing six month Net Operating Income of such Facility ending on the Valuation Date annualized for a 12 month period divided (ii) by the Capitalization Rate;
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Facility Value means, as of any applicable date of determination, the Facility’s “as is” market value set forth in the most recent Appraisal.
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Facility Value shall have the meaning set forth in Section 2.8(b)(i).
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Related to Facility Value

  • Security Value means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the Creditors) which is, at any relevant time, the aggregate of (a) the market value of the Mortgaged Ships as most recently determined in accordance with clause 8.2.2 and (b) the market value of any additional security for the time being actually provided to the Creditors or any of them pursuant to clause 8.2;

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Maturity Value means the Accreted Value of any Capital Appreciation Bond on its maturity date.

  • Equity Value means the amount by which the true and fair value of a residence exceeds the total amount of all liens, obliga- tions, and encumbrances against the property, excluding deferral liens. As used in this context, the "true and fair value" of a resi- dence is the value shown on the county tax rolls maintained by the as- sessor for the assessment year in which the deferral claim is made.

  • Total Equity Value means, as of any date of determination, the aggregate proceeds which would be received by the Unitholders if: (i) the assets of the Company were sold at their fair market value to an independent third-party on arm’s-length terms, with neither the seller nor the buyer being under compulsion to buy or sell such assets; (ii) the Company satisfied and paid in full all of its obligations and liabilities (including all Taxes, costs and expenses incurred in connection with such transaction and any amounts reserved by the Manager with respect to any contingent or other liabilities); and (iii) such net sale proceeds were then distributed in accordance with Section 4.1, all as determined by the Manager in good faith based upon the Class A Common Stock Value as of such date.