MINIMUM APPRAISED VALUE" definition
MINIMUM APPRAISED VALUE" means: (a) an appraised value determined and set forth in writing by a nationally recognized appraisal firm experienced in the industry described under Section 4.18 of this Indenture in an amount not less than the aggregate principal amount of Senior Secured Notes then outstanding plus all accrued and unpaid interest thereon (less any funds remaining in the Interest Escrow Account as of the date of determination); or (b) a satellite of equal or greater value as compared to EchoStar IV.
MINIMUM APPRAISED VALUE" has the meaning provided in Section 5.1(v).
MINIMUM APPRAISED VALUE" means the required minimum value of the Project Improvements of Eighteen Million and No/100 Dollars ($18,000,000.00) as determined by BCAD’s appraisal.
Examples of MINIMUM APPRAISED VALUE" in a sentence
The Mortgaged Properties in the Collateral Pool shall have an aggregate Appraised Value of at least $125,000,000.00 at all times during the term of the Loan (the "MINIMUM APPRAISED VALUE").