Definition of Pool Value

  1. Pool Value means, for any Pool Property, the lesser of (i) the purchase price for such Pool Property and (ii) the Appraised Value of such Pool Property; provided that, if the Administrative Agent has not obtained an Appraisal in respect of such Pool Property, the Pool Value of such Pool Property shall be the purchase price of such Pool Property.
  2. Pool Value means the sum of:

Examples of Pool Value in a sentence

  1. The value of any additional equipment permitted to be loaned over and above the Loaner Pool Value shall be calculated at [*].

Definition of Pool Value in Second Amended and Restated Credit Agreement

Pool Value means, for any Pool Property, the lesser of (i) the purchase price for such Pool Property and (ii) the Appraised Value of such Pool Property; provided that, if the Administrative Agent has not obtained an Appraisal in respect of such Pool Property, the Pool Value of such Pool Property shall be the purchase price of such Pool Property.


Definition of Pool Value in Credit Agreement

Pool Value means the sum of (i) for completed Pool Properties, Net Operating Income from the Pool Properties divided by 7.75% plus (ii) for Pool Properties which are Assets under Development, the lesser of (a) undepreciated cost basis or (b) stabilized appraised value based on the most recent MAI appraisal obtained by the Borrower.