Third Valuation definition
Third Valuation shall have the meaning assigned to such term in Section 5.16.
Third Valuation is defined in Exhibit E of this Lease.
Third Valuation has the meaning as set forth in Section 11.5.
Examples of Third Valuation in a sentence
The average value of any First Valuation, Second Valuation (to the extent obtained as provided above) and Third Valuation (to the extent obtained as provided above) of any Mortgaged Vessel shall constitute the Valuation of such Mortgaged Vessel for all purposes under the Loan Documents until any subsequent Valuation of such Mortgaged Vessel is obtained in accordance with this Section 5.16.
More Definitions of Third Valuation
Third Valuation shall have the meaning set forth in Section 4.5(a) of this Agreement.
Third Valuation shall have the meaning set forth in Section 6.18(h)(i)(C).
Third Valuation has the meaning given in Section 4.22(b).
Third Valuation has the meaning as set forth in Section 11.5. “Third Valuation Agent” means any independent broker (other than the Initial Valuation Agent and the Second Valuation Agent) acceptable to the Borrower and the Required Lenders undertaken to determine the Third Valuation. “Three Month LIBOR Rate” means the LIBOR Rate for an Interest Period of three months in effect on the day of such prepayment or acceleration. “Total Net Leverage Ratio” means, at any date, the ratio of (a) aggregate outstanding consolidated Debt of the Borrower and its Subsidiaries (net of any unrestricted cash and Cash Equivalents and Warehousing Debt secured by loans available for sale) on such date to (b) consolidated Tangible Net Worth of the Borrower and its Subsidiaries for the most recently ended Test Period. “Transactions” means collectively, the transactions to occur on or prior to the Closing Date including the execution, delivery and performance of the Loan Documents, the initial borrowings hereunder and the use of proceeds thereof. “Triple Net Leased Property” means any real property that is the subject of a lease pursuant to which the renter of such property is responsible for net real estate taxes, net building insurance, and net common area maintenance relating to the real property (in addition to the rental fee). “Trustee”: means Wilmington Trust, National Association, as Grantor Trust Trustee under the Trust Agreement.
Third Valuation has the meaning assigned to such term in Exhibit F.
Third Valuation shall have the meaning set froth in Section 4.2(a)(ii).
Third Valuation has the meaning assigned to such term in Section 1.9 of Schedule 2.4(iii).