Funding Value definition

Funding Value means the maximum amount the Seller is authorized to spend in performance on this Contract

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Funding Value means, as of any date of determination, (i) for each Rental Property (including a Financed Rental Property) that was foreclosed on by or on behalf of the applicable Borrower or an Affiliate thereof, the product of (x) ninety percent (90%) and (y) the then-current BPO Value of such Rental Property, and (ii) for Rental Properties (including Financed Rental Properties) acquired through a bulk or mini-bulk sale or a multiple listing service, one hundred percent (100%) of the lesser of (a) the aggregate BPO Value of such Rental Properties on the date of acquisition and (b) the aggregate purchase price of such Rental Properties. For the avoidance of doubt, the Funding Value, calculated as provided in this definition, shall apply to all Rental Properties that may become subject to an Advance, as well as all Financed Rental Properties that are currently subject to an Advance.

Examples of Funding Value in a sentence

Buyer is not obligated to compensate Seller beyond the Funding Value.
Any work performed shall be subject to the Funding Value stated above, which is the maximum aggregate value that may be issued under this Contract.
Seller’s compensation shall be based on work performed in accordance with this Contract, and the Funding Value shall not be construed as Seller’s minimum compensation.
Seller shall notify the Buyer in writing when the compensation for any work performed is approaching seventy-five percent (75%) of the Funding Value.
Any Work performed shall be subject to the Funding Value stated above, which is the maximum aggregate value that the Buyer is liable to the Seller for in relation to this Contract.
Seller shall notify the Buyer in writing when the compensation for any Work performed is approaching seventy-five percent (75%) of the Funding Value unless this Contract is for the shipment of commercial Goods.
Seller’s compensation shall be based on Work performed in accordance with this Contract, and the Funding Value shall not be construed as Seller’s minimum compensation.
Any amount invoiced beyond the Funding Value will not be paid by ▇▇▇▇▇.
Seller acknowledges that ▇▇▇▇▇'s total obligation in relation to this Contract to the Seller is limited to the Funding Value stated on the face of the Order.
In no event shall Buyer be liable for lost or anticipated profits, or unabsorbed indirect costs or overhead, or for any sum in excess of the total Funding Value.

More Definitions of Funding Value

Funding Value means, as of any date of determination, for each Rental Property (including a Financed Rental Property), the product of (x) ninety percent (90%) and (y) the then-current BPO Value of such Rental Property.

Funding Value means the maximum amount that the Seller is authorized to spend in performing this Contract.

Funding Value. With respect to any Eligible Advance as of any date of determination, the product of (x) the outstanding balance of such Eligible Advance as of such date and (y) the applicable Early Reimbursement Rate. EARLY REIMBURSEMENT RATE: P&I Delinquency Advances: [***]%. T&I Escrow Advances: [***]% Corporate Servicing Advances: [***]% Legacy Servicing Advances shall have an Early Reimbursement Rate as provided in Schedule 2. The Early Reimbursement Rate for T&I Escrow Advances, Corporate Servicing Advances and Legacy Servicing Advances (excluding Legacy Servicing Advances which ▇▇▇▇▇▇▇▇▇▇ ▇&▇ Delinquency Advances) will be recalculated on the first day of each calendar quarter and will be based on the average cumulative Aged Advance Utilization Rate for the immediately preceding three (3) calendar months as follows: Aged Advance Utilization Rate Early Reimbursement Rate [***]%- [***]% [ ***]% [***]% - <[***]% [ ***]% Less than [***]% [ ***]% *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. GreenTree Restated EAR Agreement - Final

Funding Value means, as of any date of determination,

Funding Value. With respect to any Eligible Advance as of any date of determination, the product of (x) the outstanding balance of such Eligible Advance as of such date and (y) the applicable Early Reimbursement Rate. EARLY REIMBURSEMENT RATE: P&I Delinquency Advances: [***]%.1 T&I Escrow Advances: [***]% Corporate Servicing Advances: [***]% Legacy Servicing Advances: 100% The Early Reimbursement Rate for P&I Delinquency Advances, T&I Escrow Advances, Legacy Servicing Advances and Corporate Servicing Advances will be subject to review and revision by ▇▇▇▇▇▇ Mae, in its sole discretion, upon ninety (90) days written notice to Servicer; provided, however, that any revised Early Reimbursement Rate for P&I Delinquency Advances, T&I Escrow Advances, Corporate Servicing Advances and Legacy Advances, as applicable, shall not be less than [***]%. Any revised Early Reimbursement Rate shall become effective for the Periodic Early Reimbursement Amount applicable to the next Reporting Cycle ninety (90) days after Servicer is notified by ▇▇▇▇▇▇ ▇▇▇ of any revision.

Funding Value. “LIBOR Rate” and “Revolving Period” in Section 2 of the Existing Loan Agreement are hereby amended and restated in their respective entireties to read as follows: