Total Collateral Value definition

Total Collateral Value means the "as-is" appraised value of each Borrowing Base Asset as determined by appraisals commissioned, reviewed and approved by the Administrative Agent.

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Total Collateral Value means, on any date, an amount equal to the lesser of (a) the Deemed Collateral Value for the Monthly Calculation Date immediately preceding such date and (b) the Structuring Collateral Value for the Monthly Calculation Date immediately preceding such date.

Total Collateral Value means, for any date of determination, the sum (without duplication) as of such date of the following, in each case determined in accordance with GAAP for the Issuer and its Subsidiaries:

Examples of Total Collateral Value in a sentence

• The Borrower shall ensure that the Total Collateral Value is at all times equal to or greater than 140% of the Outstandings at such times (the “Collateral Maintenance Test”).

• The Issuer will have a ratio of (x) Total Collateral Value, as of the end of each fiscal quarter, to (y) the aggregate principal amount of the Notes and Pari Passu Notes outstanding as of such date, equal to or greater than 1.50 to 1.00.

• Total Collateral Value $ [9,669 ] Total Unencumbered Asset Value $ [988 ] A table setting forth the Base Recovery Model allocation of midpoint enterprise value and Plan allocation of distributable value by Debtor is attached hereto as Exhibit F.

• Borrower covenants to maintain the Total Collateral Value at the Minimum Collateral Value, and upon receipt of notice from Bank that the Total Collateral Value is less than the Minimum Collateral Value, Borrower shall be, and hereby is, obligated to deliver additional Pledged Collateral in an amount required to maintain the Total Collateral Value at the Minimum Collateral Value.

• The Issuer will have a ratio of (x) Total Collateral Value, as of the end of each fiscal quarter, to (y) the aggregate principal amount of the Notes outstanding as of such date, equal to or greater than 1.50 to 1.00.

More Definitions of Total Collateral Value

Total Collateral Value means, as of any date of determination, the sum of (a) the Book Value of each Covered Asset as of such date as determined by the most recently delivered Collateral Report and (b) the aggregate amount of Cash and Cash Equivalents in the Deposit Collateral Account that is required to be applied to prepay the Loans in accordance with Section 2.10. For the purposes of any pro forma determination of the Total Collateral Value in the calculation of the Collateral Coverage Ratio as a result of any withdrawal, including without limitation pursuant to a Third Party Sale, of an asset as Collateral or a Covered Asset or other adjustment to the Book Value, such determination shall be made after giving effect to any such contemplated withdrawal as of such date.

Total Collateral Value means, as of any date of determination, the aggregate Value of the Collateral in which the Collateral Agent, for the benefit of the Notes Secured Parties, has a first-priority perfected Lien (other than Liens permitted or not prohibited by the Indenture) as of such date.

Total Collateral Value means at any date the aggregate Collateral Value of all Collateral subject to the security interests created by the Collateral Documents at such date.

Total Collateral Value means the sum of the Collateral Values for all assets within the Margin Account.

Total Collateral Value means as of a date of determination the sum of (i) the Residual Interest Collateral Value, (ii) the Completed Inventory Collateral Value and (iii) the Cash Collateral Account Value.

Total Collateral Value means, on any date of determination:

Total Collateral Value means (i) an aggregate amount equal to 70% of the aggregate “as-is” Appraised Value of each Borrowing Base Property that is Stabilized (reducing to 65% on March 1, 2013), as determined by FIRREA-compliant MAI appraisals commissioned, reviewed and approved by the Agent plus (ii) with respect to each Borrowing Base Property that is a Development Property and is at least 50% pre-leased, 50% of the GAAP book value of such Development Property minus the Remaining Development Amount, if any, required to complete such Development Property (provided, however that any such Development Property shall only be included under this clause (ii) until the earlier of (A) the one year anniversary date of project completion or (B) the fiscal quarter after such Property becomes Stabilized); provided, however, notwithstanding the actual GAAP book value of the Development Properties in the Borrowing Base, in no event shall Development Properties constitute more than 20% of Total Collateral Value and no Development Property shall be included in the Borrowing Base if it is not reasonably anticipated to be completed prior to the Maturity Date.