Net Recoverable Value definition

Net Recoverable Value as to the Inventory of the Borrower and the Subsidiary Guarantors, the amount determined based upon periodic audits or appraisals of such Inventory to be equal to the percentage of the cost of Inventory which could be realized (net of disposal costs and expenses) in a liquidation sale of the Inventory at such time.
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Net Recoverable Value means the most probable value of a loan or an
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Net Recoverable Value means the most probable value of a loan or an advance, which will be realized from the sale of collateral securing the loan or advance in a competitive and open market. For purposes of this Directive, the most probable value of a loan or an advance recoverable from the sale of collateral securing the loan or advance shall be the outstanding principal balance of the loan or advance multiplied by the “average recovery rate” of a bank for loans or advances secured by collateral, provided that such average recovery rate shall not be fifteen (15) percentage points greater than “industry average recovery rate”. If a bank has no information on aggregate net cash receipts or total net market value of acquired properties to compute its own average recovery rate, it shall use industry average recovery rate to determine the most probable value of a loan or an advance.
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More Definitions of Net Recoverable Value

Net Recoverable Value means the most probable value of a loan or advance which will be realized from the sale of collateral securing the loan or advance in a competitive and open market. For purposes of this Directive, the most probable value of a loan or advance recoverable from the sale of collateral securing a loan or advance shall be the outstanding principal balance of a loan multiplied by the “average recovery rate” of a bank for loans or advances secured by collateral.
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Related to Net Recoverable Value

  • Net Recovery Any proceeds received by a Servicer on a delinquent or Charged Off Loan (including any Liquidation Proceeds received on a Charged Off Loan), net of any Servicing Fee, Ancillary Income and any other related expenses.

  • Net Recoveries means gross Recoveries during any Calendar Quarter minus Reimbursable Expenses during such Calendar Quarter.

  • Recoverable cost means the state and federal share of the questioned cost.

  • Present Fair Saleable Value means the amount that could be obtained by an independent willing seller from an independent willing buyer if the assets of the Borrower and its Subsidiaries taken as a whole are sold with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises insofar as such conditions can be reasonably evaluated.

  • Attributable Value means, as to a Capitalized Lease Obligation under which any Person is at the time liable and at any date as of which the amount thereof is to be determined, the capitalized amount thereof that would appear on the face of a balance sheet of such Person in accordance with GAAP.