Mortgaged Property Value means, with respect to any Mortgaged Property, the market value of such Mortgaged Property as determined by Buyer in its sole and absolute discretion applied in good faith.

Mortgaged Property Value means, as of any date of its determination, the aggregate present value of the future net income with respect to the Mortgaged Properties as set forth in the applicable Engineering Report, discounted at the stated per annum rate utilized in such report; provided, however, that the Mortgaged Property Value shall not include any Oil and Gas Properties acquired by any Loan Party after the recordation of the Mortgages in the real property records of the jurisdiction where such Oil and Gas Properties are located unless an amendment or supplement to such Mortgages sufficiently describing such after-acquired Oil and Gas Properties has been recorded in such real property records.

Examples of Mortgaged Property Value in a sentence

See Section 5.4 of this PDS (Ranking and security).Financial covenants Argosy agrees:• to ensure that the total principal amount of all indebtedness that is secured by the Secured Assets is no more than 50% of the Mortgaged Property Value.
The Mortgaged Property Value cannot be higher than the current market price of the Mortgaged Property.
The "Mortgaged Property Value" shall mean the fair market value of the Real Property based upon the final appraisals delivered to and accepted by Lender in connection with the Term Loan (the "Original Appraisals"), as such Mortgaged Property Value may hereafter be changed by an update to any or all of the Original Appraisals ordered by and acceptable to Lender.
The report notes that these malls could be logically applied to the Tongariro Street – Ruapehu Street blocks in the central area).
Such documentation would mainly include a loan agreement relating to the Mortgage Loan (including its amendments), documentation relating to the Mortgaged Property including the relevant security agreement, an up-to-date extract from the cadastral register of real property, the Mortgaged Property Value, the Valuation Guidelines and other documentation relating to each Substitute Asset included in the Cover Pool and each issue of the Czech Covered Bonds.

More Definitions of Mortgaged Property Value

Mortgaged Property Value means, with respect to any Mortgaged Property, the market value of such Mortgaged Property as determined by Buyer in its sole and absolute discretion.

Mortgaged Property Value means the total value of all the Mortgaged Property as determined by the Issuer in accordance with the Issuer's articles of association, applicable laws (in particular the Austrian Real Estate Valuation Act, Liegenschaftsbewertungsgesetz), as well as other generally common rules and methods and internal rules for valuation of the Mortgaged Property. The Issuer must, subject to the foregoing, determine the Mortgaged Property Value using the current market price and with special regard to: (a) characteristics of the Mortgaged Property which are sustainable on a permanent or a long-term basis; (b) income achievable by a third party operating the Mortgaged Property with due care; (c) rights and encumbrances attached to the Mortgaged Property; and (d) conditions prevailing on the local real property market and anticipated development of that market. The Mortgaged Property Value cannot be higher than the current market price of the Mortgaged Property.

Mortgaged Property Value means the sum of the Real Property Asset Value for each of the Mortgaged Properties.

Mortgaged Property Value means the fair market value of the Real Property based upon the final appraisals delivered to and accepted by Lender in connection with the Term Loan (the "Original Appraisals"), as such Mortgaged Property Value may hereafter be changed by an update to any or all of the Original Appraisals ordered by and acceptable to Lender. As of the date hereof, the Mortgaged Property Value is $61,300,000.

Mortgaged Property Value means the fair market value of the Mortgaged Property based upon the most recent appraisal obtained from time to time at the Lender's request (at the Lender's expense before the occurrence of an Event of Default and at the Borrower's expense after the occurrence of an Event of Default) and satisfactory to the Lender.

Mortgaged Property Value with respect to each Mortgaged Property, the amount reflected as the value thereof on Schedule 1.1(A) attached hereto (as such Schedule 1.1(A) may be deemed modified in accordance with Section 6.16 of this Loan Agreement), provided, however, that in the event that, from time to time after the Closing Date, Agent obtains or is provided with a professional written appraisal of the value of any Mortgaged Property which indicates a different value therefor and such appraisal is acceptable to Agent in its sole and absolute, but good faith, discretion (as indicated in a written instrument signed by Agent indicating such acceptance by Agent) then such amount shall be the amount indicated in such acceptable appraisal. Mortgages: collectively, each mortgage or deed of trust executed by Borrower or any Guarantor in favor of Agent pertaining to the Mortgaged Property identified therein, as the same may be amended, modified, supplemented or restated from time to time (each of the Mortgages, individually, is referred to as a "Mortgage").