{"component": "definition", "props": {"groups": [{"size": 124, "snippet": "means net present value;", "snippet_links": [{"key": "net-present-value", "type": "definition", "offset": [6, 23]}], "samples": [{"hash": "6rwVM7Ot8Kc", "uri": "/contracts/6rwVM7Ot8Kc#npv", "label": "Share Purchase Agreement", "score": 32.803527832, "published": true}, {"hash": "7TCRCg0Kc51", "uri": "https://www.sec.gov/Archives/edgar/data/1713748/000155837025004177/ske-20241231xex99d1.htm", "label": "Audit Committee Charter (Skeena Resources LTD)", "score": 24.2443523407, "published": false}, {"hash": "34ID28L8Naf", "uri": "https://www.sec.gov/Archives/edgar/data/1440972/000119312523088471/d440457dex991.htm", "label": "Convertible Note (Lithium Americas Corp.)", "score": 22.2511978149, "published": false}], "hash": "e95ecad598fd1eda7dd00501ee9a3ddc", "id": 1}, {"size": 15, "snippet": "with respect to any Asset shall mean the discounted value as estimated on the date of valuation, of the free cash flows (reflecting the then prevailing market value of the underlying land as on valuation date) expected to be generated by the said Asset from the valuation date for economic life or lift of such asset as intended under the current Master Plan whichever is lower, assuming no residual value of the Asset at the end of such economic life or term, whichever is earlier;", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "discounted-value", "type": "definition", "offset": [41, 57]}, {"key": "date-of-valuation", "type": "clause", "offset": [78, 95]}, {"key": "free-cash-flows", "type": "definition", "offset": [104, 119]}, {"key": "prevailing-market-value", "type": "definition", "offset": [141, 164]}, {"key": "valuation-date", "type": "clause", "offset": [194, 208]}, {"key": "the-valuation", "type": "clause", "offset": [258, 271]}, {"key": "economic-life", "type": "definition", "offset": [281, 294]}, {"key": "as-intended", "type": "definition", "offset": [317, 328]}, {"key": "the-current", "type": "clause", "offset": [335, 346]}, {"key": "master-plan", "type": "clause", "offset": [347, 358]}, {"key": "no-residual-value", "type": "clause", "offset": [388, 405]}, {"key": "the-asset", "type": "clause", "offset": [409, 418]}, {"key": "at-the-end-of", "type": "clause", "offset": [419, 432]}], "samples": [{"hash": "9lSnCtdT0sI", "uri": "/contracts/9lSnCtdT0sI#npv", "label": "Development Agreement", "score": 24.5879535675, "published": true}, {"hash": "7e5lNZL9Dos", "uri": "/contracts/7e5lNZL9Dos#npv", "label": "Development Agreement", "score": 24.5879535675, "published": true}, {"hash": "kNirsQ50p8F", "uri": "/contracts/kNirsQ50p8F#npv", "label": "Development Agreement", "score": 24.5496234894, "published": true}], "hash": "44832ec43a4430481124a22ea38967c1", "id": 2}, {"size": 4, "snippet": "means the amount calculated according to the following formula:", "snippet_links": [{"key": "according-to", "type": "definition", "offset": [28, 40]}], "samples": [{"hash": "9F2iktWvuGh", "uri": "https://ise-prodnr-eu-west-1-data-integration.s3-eu-west-1.amazonaws.com/legacy/ListingParticulars_fe0c46ca-fcf8-4cf4-986c-5222772de37c.PDF", "label": "Floating Rate Note", "score": 13.7816562653, "published": false}, {"hash": "doNJag9fMgs", "uri": "https://web3.cmvm.pt/sdi/emitentes/docs/fsd687769.pdf", "label": "Floating Rate Note", "score": 13.6611909866, "published": false}, {"hash": "79ETc5umRgz", "uri": "http://www.hefesto.pt/pdf/Project%20Guincho%20-%20Prospectus_(DM%207012531_1).pdf", "label": "Floating Rate Note", "score": 13.4531145096, "published": false}], "hash": "6b4ca07253e23b1f2e8693aa9b4b6070", "id": 3}, {"size": 4, "snippet": "means, with respect to any Proved Reserves expected to be produced from any Oil and Gas Properties, the net present value, discounted at 9% per annum, of the future net revenues expected to accrue to the Borrower\u2019s and its Subsidiaries\u2019 collective interests in such reserves during the remaining expected economic lives of such reserves. Each calculation of such expected future net revenues shall be made in accordance with the then existing standards of the Society of Petroleum Engineers, provided that in any event:", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "proved-reserves", "type": "clause", "offset": [27, 42]}, {"key": "oil-and-gas-properties", "type": "clause", "offset": [76, 98]}, {"key": "net-present-value", "type": "definition", "offset": [104, 121]}, {"key": "per-annum", "type": "definition", "offset": [140, 149]}, {"key": "net-revenues", "type": "clause", "offset": [165, 177]}, {"key": "to-the-borrower", "type": "clause", "offset": [197, 212]}, {"key": "calculation-of", "type": "clause", "offset": [343, 357]}, {"key": "in-accordance-with", "type": "definition", "offset": [406, 424]}, {"key": "existing-standards", "type": "clause", "offset": [434, 452]}, {"key": "the-society", "type": "clause", "offset": [456, 467]}, {"key": "petroleum-engineers", "type": "definition", "offset": [471, 490]}, {"key": "provided-that", "type": "definition", "offset": [492, 505]}], "samples": [{"hash": "ggQhY89Qv8Y", "uri": "/contracts/ggQhY89Qv8Y#npv", "label": "Subordinated Credit Agreement (Brigham Exploration Co)", "score": 21.0, "published": true}, {"hash": "cAC3Faplh6T", "uri": "/contracts/cAC3Faplh6T#npv", "label": "Subordinated Credit Agreement (Brigham Exploration Co)", "score": 21.0, "published": true}, {"hash": "6KH8ToZnLf8", "uri": "/contracts/6KH8ToZnLf8#npv", "label": "Subordinated Credit Agreement (Brigham Exploration Co)", "score": 21.0, "published": true}], "hash": "a8becd6a822e46eb42473e99cf294d60", "id": 4}, {"size": 4, "snippet": "means the sum of the present value at any given time of the monthly benefits to be paid, using a discount rate equal to the long-term applicable federal rate then in effect (determined under Section 1274(d) of the Code), compounded semiannually. For purposes of determining NPV of Executive\u2019s Retirement Benefit (or Partial Retirement Benefit) where Executive Retires prior to attaining age 55, it shall be assumed that Executive\u2019s Retirement Benefit (or Partial Retirement Benefit) would have commenced at the date on which Executive would have attained age 55 and the NPV of such Retirement Benefit (or Partial Retirement Benefit) shall equal the present value of such Benefit at age 55 discounted back to the Executive\u2019s actual age at Retirement using the rate prescribed in the preceding sentence. Executive\u2019s age for purposes of this Agreement shall be Executive\u2019s age at his nearest birthday.\u201d", "snippet_links": [{"key": "sum-of", "type": "clause", "offset": [10, 16]}, {"key": "present-value", "type": "definition", "offset": [21, 34]}, {"key": "time-of-the", "type": "clause", "offset": [48, 59]}, {"key": "discount-rate", "type": "clause", "offset": [97, 110]}, {"key": "equal-to", "type": "definition", "offset": [111, 119]}, {"key": "applicable-federal-rate", "type": "definition", "offset": [134, 157]}, {"key": "in-effect", "type": "definition", "offset": [163, 172]}, {"key": "the-code", "type": "clause", "offset": [210, 218]}, {"key": "retirement-benefit", "type": "clause", "offset": [293, 311]}, {"key": "partial-retirement", "type": "clause", "offset": [316, 334]}, {"key": "prior-to", "type": "definition", "offset": [368, 376]}, {"key": "attained-age", "type": "definition", "offset": [546, 558]}, {"key": "to-the-executive", "type": "clause", "offset": [705, 721]}, {"key": "age-at-retirement", "type": "definition", "offset": [731, 748]}, {"key": "the-rate", "type": "clause", "offset": [755, 763]}, {"key": "for-purposes-of-this-agreement", "type": "clause", "offset": [818, 848]}], "samples": [{"hash": "jWX5hGkMOHo", "uri": "/contracts/jWX5hGkMOHo#npv", "label": "Retirement Benefit Agreement (Mylan Laboratories Inc)", "score": 19.0, "published": true}, {"hash": "gR2CjqcV0aX", "uri": "/contracts/gR2CjqcV0aX#npv", "label": "Retirement Benefit Agreement (Mylan Laboratories Inc)", "score": 19.0, "published": true}, {"hash": "a5trJoKpezf", "uri": "/contracts/a5trJoKpezf#npv", "label": "Retirement Benefit Agreement (Mylan Laboratories Inc)", "score": 19.0, "published": true}], "hash": "7021b667f68c2c38ffeffccf95bc16c1", "id": 5}, {"size": 4, "snippet": "means, with respect to any Mortgaged Property or REO Property relating to a Mortgage Loan, the net property value of such Mortgaged Property or REO Property, as determined by Borrower (which shall equal the net adjusted proceeds amount as determined by Borrower\u2019s accretion model on a monthly basis) by reference to the most recently available Appraised Value of such property; provided that such determination may be adjusted further by Lender in its sole discretion by subtracting therefrom all outstanding and reasonably anticipated costs and expenses in connection with such Mortgage Loan, including without limitation, all Protective Advances and the foreclosure and liquidation of the related Mortgaged Property or REO Property, as applicable.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "mortgaged-property", "type": "definition", "offset": [27, 45]}, {"key": "reo-property", "type": "definition", "offset": [49, 61]}, {"key": "relating-to", "type": "definition", "offset": [62, 73]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [74, 89]}, {"key": "net-property-value", "type": "definition", "offset": [95, 113]}, {"key": "by-borrower", "type": "clause", "offset": [172, 183]}, {"key": "proceeds-amount", "type": "definition", "offset": [220, 235]}, {"key": "monthly-basis", "type": "clause", "offset": [285, 298]}, {"key": "reference-to", "type": "definition", "offset": [303, 315]}, {"key": "appraised-value", "type": "clause", "offset": [344, 359]}, {"key": "provided-that", "type": "definition", "offset": [378, 391]}, {"key": "such-determination", "type": "definition", "offset": [392, 410]}, {"key": "by-lender", "type": "definition", "offset": [435, 444]}, {"key": "sole-discretion", "type": "clause", "offset": [452, 467]}, {"key": "costs-and-expenses", "type": "clause", "offset": [536, 554]}, {"key": "in-connection-with", "type": "clause", "offset": [555, 573]}, {"key": "such-mortgage-loan", "type": "definition", "offset": [574, 592]}, {"key": "including-without-limitation", "type": "clause", "offset": [594, 622]}, {"key": "protective-advances", "type": "clause", "offset": [628, 647]}], "samples": [{"hash": "95NmHlAeRZp", "uri": "/contracts/95NmHlAeRZp#npv", "label": "Loan and Security Agreement (Pennymac Financial Services, Inc.)", "score": 26.2484607697, "published": true}, {"hash": "3fS2FVJwmdL", "uri": "/contracts/3fS2FVJwmdL#npv", "label": "Loan and Security Agreement (Pennymac Financial Services, Inc.)", "score": 24.101984024, "published": true}], "hash": "cfa87d5bf15619fc51abfcce1a5baf32", "id": 6}, {"size": 3, "snippet": "means, as of any date of the determination, the sum of (i) with respect to any proved and probable reserves expected to be produced from any undivided interests in Borrowing Base Properties, the net present value, discounted at 10% per annum, of the future net revenues expected to accrue to any Credit Party\u2019s interests in such reserves (after deducting all existing burdens) during the remaining expected economic lives of such reserves plus (ii) Pipeline EBITDA for the trailing 12 month period ending on the date of the determination multiplied by ten. Each calculation of such expected future net revenues with respect to the proved and probable reserves shall be made in accordance with the then existing guidelines established by the Securities and Exchange Commission for valuing Oil and Gas Interests or, in the case of probable reserves, the Society of Petroleum Engineers; provided that in any event (a) appropriate deductions shall be made for severance and ad valorem taxes, and for operating (including purchasing and injecting water), gathering, transportation and marketing costs required for the production and sale of such reserves including annual increases in such costs of 3% per year, (b) the pricing assumptions and escalations used in determining the net present value of proved and probable reserves for any particular reserves shall be the Agreed Pricing (or any other pricing assumptions to which the Borrower and the Required Lenders may agree) and (c) appropriate deductions shall be made for capital expenditures (including plugging and abandonment costs and annual increases in the cost of such capital expenditures of at least 3% per year) approved in writing by the Administrative Agent in which internal cash flow is available to support such expenditures. For each date of determination, net present value shall be calculated hereunder based on the then most recent Reserve Report, either by the Borrower, by the Administrative Agent, or by the engineering firm who prepares such Reserve Report; in the event of any conflict, the Administrative Agent\u2019s calculation shall be conclusive and final.", "snippet_links": [{"key": "the-determination", "type": "clause", "offset": [25, 42]}, {"key": "sum-of", "type": "clause", "offset": [48, 54]}, {"key": "with-respect-to", "type": "clause", "offset": [59, 74]}, {"key": "proved-and-probable-reserves", "type": "definition", "offset": [79, 107]}, {"key": "undivided-interests", "type": "definition", "offset": [141, 160]}, {"key": "borrowing-base-properties", "type": "definition", "offset": [164, 189]}, {"key": "net-present-value", "type": "definition", "offset": [195, 212]}, {"key": "at-10", "type": "definition", "offset": [225, 230]}, {"key": "per-annum", "type": "definition", "offset": [232, 241]}, {"key": "net-revenues", "type": "clause", "offset": [257, 269]}, {"key": "credit-party", "type": "definition", "offset": [296, 308]}, {"key": "existing-burdens", "type": "definition", "offset": [359, 375]}, {"key": "period-ending", "type": "definition", "offset": [491, 504]}, {"key": "calculation-of", "type": "clause", "offset": [562, 576]}, {"key": "in-accordance-with", "type": "definition", "offset": [674, 692]}, {"key": "then-existing", "type": "definition", "offset": [697, 710]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [737, 775]}, {"key": "oil-and-gas-interests", "type": "definition", "offset": [788, 809]}, {"key": "in-the-case", "type": "clause", "offset": [814, 825]}, {"key": "the-society", "type": "clause", "offset": [848, 859]}, {"key": "petroleum-engineers", "type": "definition", "offset": [863, 882]}, {"key": "provided-that", "type": "definition", "offset": [884, 897]}, {"key": "severance-and-ad-valorem-taxes", "type": "clause", "offset": [956, 986]}, {"key": "marketing-costs", "type": "clause", "offset": [1080, 1095]}, {"key": "the-production", "type": "clause", "offset": [1109, 1123]}, {"key": "sale-of", "type": "clause", "offset": [1128, 1135]}, {"key": "annual-increases", "type": "definition", "offset": [1160, 1176]}, {"key": "costs-of", "type": "definition", "offset": [1185, 1193]}, {"key": "per-year", "type": "definition", "offset": [1197, 1205]}, {"key": "pricing-assumptions", "type": "definition", "offset": [1215, 1234]}, {"key": "other-pricing", "type": "clause", "offset": [1389, 1402]}, {"key": "the-required-lenders", "type": "clause", "offset": [1441, 1461]}, {"key": "capital-expenditures", "type": "clause", "offset": [1522, 1542]}, {"key": "abandonment-costs", "type": "definition", "offset": [1567, 1584]}, {"key": "cost-of", "type": "definition", "offset": [1613, 1620]}, {"key": "in-writing", "type": "clause", "offset": [1681, 1691]}, {"key": "the-administrative-agent", "type": "definition", "offset": [1695, 1719]}, {"key": "cash-flow", "type": "clause", "offset": [1738, 1747]}, {"key": "available-to", "type": "definition", "offset": [1751, 1763]}, {"key": "date-of-determination", "type": "definition", "offset": [1800, 1821]}, {"key": "based-on", "type": "clause", "offset": [1871, 1879]}, {"key": "most-recent", "type": "definition", "offset": [1889, 1900]}, {"key": "reserve-report", "type": "definition", "offset": [1901, 1915]}, {"key": "by-the-borrower", "type": "clause", "offset": [1924, 1939]}, {"key": "engineering-firm", "type": "clause", "offset": [1980, 1996]}, {"key": "in-the-event-of", "type": "definition", "offset": [2031, 2046]}], "samples": [{"hash": "hS12jvQ0DXg", "uri": "/contracts/hS12jvQ0DXg#npv", "label": "Senior Revolving Credit Agreement (Exco Resources Inc)", "score": 21.0, "published": true}, {"hash": "eus4guJUxHn", "uri": "/contracts/eus4guJUxHn#npv", "label": "Senior Term Credit Agreement (Exco Resources Inc)", "score": 21.0, "published": true}, {"hash": "1jz4A7BwTB3", "uri": "/contracts/1jz4A7BwTB3#npv", "label": "Senior Term Credit Agreement (Exco Resources Inc)", "score": 21.0, "published": true}], "hash": "f378739b0a595f64842f638d4435626c", "id": 7}, {"size": 3, "snippet": "means the sum of the present value at any given time of the monthly benefits to be paid, using a discount rate equal to the long-term applicable federal rate then in effect (determined under Section 1274(d) of the Code), compounded semiannually. For purposes of calculating NPV where monthly benefits have not yet commenced, it shall be assumed that such benefits would have commenced at the earliest date such benefits could have commenced (i.e., at age 55, or if Executive has attained age 55, immediately).", "snippet_links": [{"key": "sum-of", "type": "clause", "offset": [10, 16]}, {"key": "present-value", "type": "definition", "offset": [21, 34]}, {"key": "time-of-the", "type": "clause", "offset": [48, 59]}, {"key": "discount-rate", "type": "clause", "offset": [97, 110]}, {"key": "equal-to", "type": "definition", "offset": [111, 119]}, {"key": "applicable-federal-rate", "type": "definition", "offset": [134, 157]}, {"key": "in-effect", "type": "definition", "offset": [163, 172]}, {"key": "the-code", "type": "clause", "offset": [210, 218]}, {"key": "for-purposes-of", "type": "clause", "offset": [246, 261]}, {"key": "attained-age", "type": "definition", "offset": [479, 491]}], "samples": [{"hash": "kzKMawIWhTO", "uri": "/contracts/kzKMawIWhTO#npv", "label": "Retirement Benefit Agreement (Mylan Laboratories Inc)", "score": 21.0, "published": true}, {"hash": "gdJQyJ6WBrq", "uri": "/contracts/gdJQyJ6WBrq#npv", "label": "Retirement Benefit Agreement (Mylan Laboratories Inc)", "score": 21.0, "published": true}, {"hash": "4RenBDkeXj6", "uri": "/contracts/4RenBDkeXj6#npv", "label": "Retirement Benefit Agreement (Mylan Laboratories Inc)", "score": 21.0, "published": true}], "hash": "4586f9f0944b42f09034b24347fa5bef", "id": 8}, {"size": 3, "snippet": "means, with respect to any Proved Reserves, the present value ascribed to such Proved Reserves (taking into account the cash flows and expenses, including capital expenditures, associated therewith) in the most recent Reserve Report, based upon the economic assumptions (including the discount rate) provided to the Approved Petroleum Engineers by the Administrative Agent.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "proved-reserves", "type": "clause", "offset": [27, 42]}, {"key": "present-value", "type": "definition", "offset": [48, 61]}, {"key": "cash-flows", "type": "definition", "offset": [120, 130]}, {"key": "and-expenses", "type": "clause", "offset": [131, 143]}, {"key": "capital-expenditures", "type": "clause", "offset": [155, 175]}, {"key": "most-recent", "type": "definition", "offset": [206, 217]}, {"key": "reserve-report", "type": "definition", "offset": [218, 232]}, {"key": "economic-assumptions", "type": "definition", "offset": [249, 269]}, {"key": "discount-rate", "type": "clause", "offset": [285, 298]}, {"key": "approved-petroleum-engineers", "type": "definition", "offset": [316, 344]}, {"key": "the-administrative-agent", "type": "definition", "offset": [348, 372]}], "samples": [{"hash": "aZPKYtcac3G", "uri": "/contracts/aZPKYtcac3G#npv", "label": "Credit Agreement (Synergy Resources Corp)", "score": 25.8268318176, "published": true}, {"hash": "flSBwOKNKtt", "uri": "/contracts/flSBwOKNKtt#npv", "label": "Credit Agreement (Synergy Resources Corp)", "score": 20.9212875366, "published": true}], "hash": "e21f01ac70df625dbbe493fbbe0bbddf", "id": 9}, {"size": 3, "snippet": "means, with respect to any Proved Reserves expected to be produced from any Properties, the net present value, discounted at 10% per annum, of the future net revenues expected to accrue to Borrower's interests in such reserves during the remaining expected economic lives of such reserves. Each calculation of such expected future net revenues shall be made in accordance with the then existing standards of the Society of Petroleum Engineers, provided that in any event (i) appropriate deductions shall be made for Direct Taxes, operating, gathering, transportation and marketing costs, and any capital expenditures required for the production and sale of such reserves, and (ii) the pricing assumptions and escalations used in determining NPV for any particular reserves shall be the TCW Pricing. NPV shall be calculated hereunder in connection with each Engineering Report, either by Borrower, Tamco or the engineering firm who prepares such Engineering Report; in the event of any conflict, Tamco's calculation shall be conclusive and final.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "proved-reserves", "type": "clause", "offset": [27, 42]}, {"key": "net-present-value", "type": "definition", "offset": [92, 109]}, {"key": "at-10", "type": "definition", "offset": [122, 127]}, {"key": "per-annum", "type": "definition", "offset": [129, 138]}, {"key": "net-revenues", "type": "clause", "offset": [154, 166]}, {"key": "to-borrower", "type": "definition", "offset": [186, 197]}, {"key": "calculation-of", "type": "clause", "offset": [295, 309]}, {"key": "in-accordance-with", "type": "definition", "offset": [358, 376]}, {"key": "existing-standards", "type": "clause", "offset": [386, 404]}, {"key": "the-society", "type": "clause", "offset": [408, 419]}, {"key": "petroleum-engineers", "type": "definition", "offset": [423, 442]}, {"key": "provided-that", "type": "definition", "offset": [444, 457]}, {"key": "direct-taxes", "type": "definition", "offset": [516, 528]}, {"key": "marketing-costs", "type": "clause", "offset": [571, 586]}, {"key": "capital-expenditures", "type": "clause", "offset": [596, 616]}, {"key": "the-production", "type": "clause", "offset": [630, 644]}, {"key": "sale-of", "type": "clause", "offset": [649, 656]}, {"key": "pricing-assumptions", "type": "definition", "offset": [685, 704]}, {"key": "in-connection-with", "type": "clause", "offset": [833, 851]}, {"key": "engineering-report", "type": "definition", "offset": [857, 875]}, {"key": "by-borrower", "type": "clause", "offset": [884, 895]}, {"key": "engineering-firm", "type": "clause", "offset": [910, 926]}, {"key": "in-the-event-of", "type": "definition", "offset": [965, 980]}], "samples": [{"hash": "kJHB7gbZMox", "uri": "/contracts/kJHB7gbZMox#npv", "label": "Credit Agreement (Inland Resources Inc)", "score": 18.0, "published": true}, {"hash": "b8AnjMKjeuS", "uri": "/contracts/b8AnjMKjeuS#npv", "label": "Credit Agreement (Inland Resources Inc)", "score": 18.0, "published": true}], "hash": "47ddd0cc6eab98d08276a2d677872326", "id": 10}], "next_curs": "ClASSmoVc35sYXdpbnNpZGVyY29udHJhY3RzciwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIMbnB2IzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 254, "snippet": "means net present value;", "title": "NPV", "id": "npv", "examples": ["For each Qualifying Loan, the lender shall determine the net present value (\u201c<strong>NPV</strong>\u201d) of the modified loan and shall provide the methodology employed to determine the <strong>NPV</strong>, and a certification that the lender\u2019s model assumptions are documented and validated through periodic independent reviews.", "The <strong>NPV</strong> calculation used to determine whether a loan should be modified based on the modification process above is distinct and different from the net present value calculation used to determine the Covered Loss if the loan is modified.", "If the <strong>NPV</strong> of a Qualifying Loan will exceed the value of the foreclosed collateral upon disposition, then the Qualifying Loan shall be modified so as to reduce the borrower\u2019s monthly DTI Ratio to 31% at the time of the modification.", "Yes 9 If owner-occupied: 10 Borrower current gross annual income 42,000 11 Estimated <strong>NPV</strong> of loan mod 195,000 12 Most recent BPO 235,000 13 Most recent BPO date 1/21/09 16 Loan Principal balance after last paid installment 300,000 17 Accrued interest, limited to 90 days 6,000 18 Attorney\u2019s fees 0 19 Foreclosure costs, including title search, filing fees, advertising, etc.", "If the <strong>NPV</strong> of a Qualifying Loan will exceed the value of the foreclosed collateral upon disposition, then the Qualifying Loan shall be modified so as to reduce the borrower\u2019s monthly DTI Ratio to no more than 31% at the time of the modification.", "The final DCF valuation shall take into consideration <strong>NPV</strong> of future cash flows over the Initial Term and Renewal Period and may be adjusted for any market conditions that apply to companies of similar characteristics with respect to market space, company maturity, cash flow profile and general market conditions.", "For investor owned or non-owner occupied residential loans, the <strong>NPV</strong> is calculated using commercially reasonable rate on 30-year fixed rate loans as of the restructure date.", "For owner-occupied residential loans, the <strong>NPV</strong> is calculated using the most recently published \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac survey rate on 30-year fixed rate loans as of the restructure date.", "The Net Present Value (<strong>NPV</strong>) of the estimated cash flows (line 47).", "To calculate the total efficiency gain the annual efficiency gains in <strong>NPV</strong> terms are added."], "related": [["linear-interpolation", "Linear Interpolation", "Linear Interpolation"], ["sound-level-meter", "Sound level meter", "Sound level meter"], ["pppfa", "PPPFA", "PPPFA"], ["gdp-price-deflator", "GDP price deflator", "GDP price deflator"], ["extrapolation", "Extrapolation", "Extrapolation"]], "related_snippets": [], "updated": "2026-03-27T05:59:04+00:00"}, "json": true, "cursor": ""}}