Examples of Net Forced Liquidation Value in a sentence
Anyone who is subpoenaed or required to disclose a SAR-SF or the information contained in the SAR-SF, except where disclosure is requested by FinCEN, the SEC, or another appropriate law enforcement or regulatory agency, or an SRO registered with the SEC, will decline to produce the SAR-SF or to provide any information that would disclose that a SAR-SF was prepared or filed.
Subject to the terms and conditions of this Agreement, Lender agrees to make on or about the Effective Date a single term loan in the original principal amount of $731,250.00 (the “Term Loan”), such amount calculated as 75.00% of the appraised Net Forced Liquidation Value of Borrower’s Equipment.
If Lender obtains an appraisal of the Equipment at any time as permitted under this Agreement, and such appraisal shows the aggregate unpaid principal amount of the Term Loan to exceed 100% of the Net Forced Liquidation Value of Eligible Equipment, then Lender may (i) require Borrowers to immediately prepay the unpaid principal of the Term Loan in the amount of such excess.
The Lender shall have no obligation to make the Equipment Term Advance if, after giving effect to such requested Equipment Term Advance, the outstanding principal balance of the Equipment Term Advances would exceed the amount determined by multiplying the Equipment Advance Rate times the Net Forced Liquidation Value of Eligible Equipment.
The Net Forced Liquidation Value of Eligible Equipment and the appraised fair market value of Eligible Real Property as of the date of the Appraisal delivered prior to the Closing Date, are set forth on Schedule 1.14.