Property Market Value definition

Property Market Value means the value of a Property determined taking into consideration the selling price of similar buildings, the area of the land or the building,
View Source
Property Market Value means, with respect to the Mortgaged Property securing any Purchased Asset as of any date, the as-is underlying value of such Mortgaged Property, as determined by Buyer in its sole good faith discretion.
View Source

Examples of Property Market Value in a sentence

  • Permit the ratio of: (a) the sum of (i) the most recent Mortgaged Property Market Value, and (ii) the most recent Riverbank Project Value to (b) the Note Indebtedness, to be less than 2.00:1.00, tested as of the last day of each fiscal quarter.

  • The ratio of (i) Total Real Property Market Value of all Real Properties not encumbered by any Lien to (ii) total commitments (disbursed and undisbursed) under Unsecured Indebtedness shall not be less than 1.75:1.

  • If a period of more than 6 months passes since the commencement of the Default Sale, Buyer or Seller may request a further valuation be made by an independent registered estate agent in order to reset the Property Market Value.

  • Buyer or Seller are able to prevent any sale for less than 10% of the stated the Property Market Value.

  • If at any point after the commencement of the Default Sale, the amount due to the Seller in outstanding installments, expenses and penalty interest exceeds the latest Property Market Value, the Seller has the right to terminate the Preliminary Sales Agreement and the Sale and Purchase Agreement and retain any amounts paid by the Buyer to date.

  • The ratio ---------------------------------------------------- of (A) Total Real Property Market Value of Unencumbered Real Property to (B) total outstandings under Unsecured Indebtedness shall not be less than 1.75:1.

  • The ratio of the Borrower's Total Liabilities to the sum of (i) Total Real Property Market Value PLUS (ii) Total Assets (excluding Real Property) shall not exceed 0.50:1.

  • The ratio of Secured Indebtedness to the sum of (i) Total Real Property Market Value PLUS (ii) Total Assets (excluding Real Property) shall not exceed shall not exceed 0.30:1.