Market Value Percentage means, with respect to any Eligible Loan or Purchased Loan, as of any date, the fraction, expressed as a percentage and rounded to the next highest hundredth of a percent, the numerator of which is the then current Market Value of such Eligible Loan or Purchased Loan, and the denominator of which is the then current Principal Balance of such Eligible Loan or Purchased Loan.
Market Value Percentage means, with respect to any Collateral Obligation as of any Measurement Date, the amount (expressed as a percentage) equal to the Market Value of such Collateral Obligation on such date divided by the principal amount of such Collateral Obligation on such date. For the purpose of calculating the Market Value Percentage on any day, the Market Value Percentage on any day that is not a Business Day shall be deemed to be the Market Value Percentage on the immediately preceding Business Day.
Market Value Percentage means in respect of any Mortgage Loan on any date of determination, the market value of such Mortgage Loan (expressed as a percentage of the Outstanding Principal Balance of such Mortgage Loan) determined by the Lender in its sole discretion acting reasonably and having notified the Borrower in advance of its determination and the reasons therefor, which determination shall, in the absence of manifest error, be conclusive.
Examples of Market Value Percentage in a sentence
If more than three Quotations are provided or determined (as the case may be) in respect of a Deliverable Obligation, the Calculation Agent shall disregard the highest and lowest Quotations and the respective Market Value Percentage for such Deliverable Obligation shall be the arithmetic mean of the remaining Quotations.
If three Quotations are provided in respect of a Deliverable Obligation, the Calculation Agent shall disregard the highest and lowest Quotations and the respective Market Value Percentage for such Deliverable Obligation shall be the remaining Quotation.
If two Quotations only are provided, the respective Market Value Percentage for such Deliverable Obligation shall be the arithmetic mean of such Quotations.
If no Quotation is provided, the respective Market Value Percentage for such Deliverable Obligation shall be determined by the Calculation Agent in its absolute discretion.
If one Quotation only is provided, the respective Market Value Percentage for such Deliverable Obligation shall be such Quotation.
More Definitions of Market Value Percentage
Market Value Percentage means, with respect to any Collateral Debt Obligation as of any Determination Date, the amount (expressed as a percentage) equal to the Market Value of such Collateral Debt Obligation on such date divided by the Principal Balance of such Collateral Debt Obligation on such date.
Market Value Percentage means, (a) for any purpose (other than for purposes of determining the value of the Borrowing Base, which shall be determined pursuant to clause (b) below), as of any date of determination, the lesser of (i) the fair value percentage of the MSR determined by PLS as of the most recent date of determination or (ii) the middle of the range of the fair value percentage of the MSR from the most recently delivered Market Value Report; and (b) for purposes of determining the value of the Borrowing Base from time to time, as of any date of determination, the least of (i) the value of the MSR used to prepare PLS’s most recent balance sheet, as determined by PLS as of such date of determination in accordance with GAAP,(ii) the product of (A) the middle of the range of the fair value percentage of the MSR from the most recently delivered Market Value Report and (B) 115%; or (iii) the product of (A) the average of the middle of the range of the fair value percentage of the MSR from the three(3) most recently delivered Market Value Reports and (B) 110%. Source: https://www.sec.gov/Archives/edgar/data/1568669/000110465916163239/a16- 21271_2ex10d3.htmAppendix III: CoVaR Estimation This appendix explains how we estimate ΔCoVaR using quantile regressions. ΔCoVaR measures the Value-at-Risk (VaR) for the banking industry conditional on an individual bank’s VaR. A bank’s q%-VaR is defined as the bank’s loss at q% confidence interval. To estimate each bank’s VaR, we use model (A1), to run regressions of banks’ weekly returns on a set of seven weekly state variables, noted by M. Xti is the weekly return for bank i in week t.𝑖 = 𝑖 + 𝑖𝑡–1 + 𝑖(A1)𝑡 𝑡 𝑡 1%, G, GUsing A1, we run the 1%-quantile and 50%-quantile regressions of banks’ weekly returns, to estimate bank specific VaR at 1% (in distress) and 50% (in the median state), respectively. The1%estimated coefficients G𝑖, G𝑖𝑖 50%𝑖 50%capture how a bank’s VaR changes depending on the macro-economic states. 𝑡To estimate the impact of each bank’s loss in distress on the banking system’s loss, we use model (A2), 1%-quantile regression of the banking industry weekly return 𝑠𝑦𝑠𝑡𝑒𝑚|𝑖 on the state variables, M, and the individual banks’ weekly return. 𝑠𝑦𝑠𝑡𝑒𝑚|𝑖 captures the impact of bank i on the banking industry.𝑠𝑦𝑠𝑡𝑒𝑚|𝑖 = 𝑠𝑦𝑠𝑡𝑒𝑚|𝑖 + 𝑠𝑦𝑠𝑡𝑒𝑚|𝑖𝑡–1 + 𝑠𝑦𝑠𝑡𝑒𝑚|𝑖𝑖 + 𝑠𝑦𝑠𝑡𝑒𝑚|𝑖 (A2)𝑡 𝑡 𝑡 = G+ GThen we calculate the VaR and ΔCoVaR for bank i in week t usin...
Market Value Percentage has the meaning assigned to such term in the Base Indenture.
Market Value Percentage. With respect to any Purchased Securities on any date, a percentage figure equal to (i) the aggregate FSAM Asset Value for such Purchased Securities divided by (ii) the aggregate FSAM Asset Value of all Purchased Securities not yet repurchased by the Seller hereunder, with such FSAM Asset Values to be based on the FSAM Asset Values most recently determined in accordance with the Dexia CSAs. If the Dexia Put Contracts have been terminated, the FSAM Asset Value of the relevant Purchased Securities shall be determined by the Administrator or FSA if the Administrator does not make such determination within one Business Day, pursuant to the procedures set forth in the Dexia CSAs as if such Dexia Put Contracts had not been terminated.
Market Value Percentage in respect of any Mortgage Loan on any date of determination means the market value of such Mortgage Loan (expressed as a percentage of the unpaid principal balance of such Mortgage Loan) determined by the Lender in its sole discretion acting reasonably following consultation with the Borrower, which determination in the absence of manifest error shall be conclusive.
Market Value Percentage. (a) For any purpose (other than for purposes of determining the Borrowing Base (and the Collateral Value used in connection with such determination, which shall be determined pursuant to clause (b) below) or the Interim Borrowing Base (and the Collateral Value used in connection with such determination, which shall be determined pursuant to clause (c) below), as applicable), as of any date of determination, the lesser of (i) the fair value percentage of the MSR determined by PLS as of the most recent date of determination or (ii) the middle of the range of the fair value percentage of the MSR from the most recently delivered Market Value Report which shall be the fair market value and the valuation percentage of the Portfolio assuming that the 10-year U.S. Treasury rate (mid-mxxx) declines by more than .375% from the 10-year U.S. Treasury rate (mid-mxxx) provided by the MSR Valuation Agent to the extent such decline has occurred and is continuing); (b) for purposes of determining the Borrowing Base (and the Collateral Value used in connection with such determination of the Borrowing Base) from time to time, as of any date of determination, the least of (i) the fair value percentage of the MSR used to prepare PLS’ most recent balance sheet, as determined by PLS as of such date of determination in accordance with GAAP, (ii) the product of (A) the middle of the range of the fair value percentage of the MSR from the most recently delivered Market Value Report and (B) 107.5%, or (iii) the product of (A) the average of the middle of the range of the fair value percentage of the MSR from the three (3) most recently delivered Market Value Reports and (B) 105%; or (c) for purposes of determining the Interim Borrowing Base (and the Collateral Value used in connection with such determination of the Interim Borrowing Base) from time to time, as of any date of determination, the least of (i) the fair value percentage of the MSR used to prepare PLS’ most recent balance sheet, as determined by PLS as of such date of determination in accordance with GAAP, (ii) the product of (A) the middle of the range of the fair value percentage of the MSR from the most recently delivered Market Value Report (which assumes that the 10-year U.S. Treasury rate (mid-mxxx) declines by more than .375% from the 10-year U.S. Treasury rate (mid-mxxx) provided by the MSR Valuation Agent) and (B) 107.5%, or (iii) the product of (A) the average of the middle of the range of the fair value percenta...
Market Value Percentage. Means with respect to the Portfolio Total Spread: