New Valuation definition
New Valuation means any valuation of a Substitute Property, a Replaced Property, a Released Property or an Additional Property conducted by E&Y or another independent, third-party expert reasonably satisfactory to the Administrative Agent provided in connection with the applicable Term Loan Priority Collateral Substitution, Term Loan Priority Collateral Release or Term Loan Priority Collateral Addition for which the New Valuation Conditions have been met.
New Valuation is defined in Section 11.01(b).
New Valuation has the meaning assigned to that term in Section 5.01(e)(i).
Examples of New Valuation in a sentence
In the event such Dispute Valuation is higher than the New Valuation, the Dispute Valuation will be used for all purposes as the Fair Market Value hereunder until another Internal Valuation or Dispute Valuation becomes available; provided that in no event will the Fair Market Value exceed the valuation reported by the Borrower.