Valuation Report definition
Examples of Valuation Report in a sentence
Each Valuation Report shall constitute instructions to the Collateral Agent to withdraw on the related Payment Date from the Payment Account and pay or transfer the amounts set forth in such report in the manner specified, and in accordance with the priorities established, in the Priority of Payments.
The Borrower shall make available each Monthly Report, each Valuation Report and all Additional Reports in the Transaction Data Room.
The Collateral Agent will make each Monthly Report and Valuation Report available via its internet website.
Notwithstanding any provision to the contrary contained in this Agreement, in the case of a month in which there is a Payment Date, the Borrower, or the Collateral Administrator on behalf of the Borrower, need not compile a separate Monthly Report and Valuation Report but may in lieu thereof compile a combined report that contains the information, determined as of the Determination Date, required by Section 6.5(b) and Section 6.5(c).
Notwithstanding the foregoing, the Borrower may, at any time, at Borrower’s expense, retain the Initial Valuation Agent to undertake a valuation report (the “Valuation Report”) with respect to any Borrowing Base Eligible Asset, which in the case of a Mortgage Asset, shall mean the value of the underlying mortgaged property set forth in an updated appraisal provided by the Initial Valuation Agent (the Assigned Value in such Valuation Report, the “Initial Valuation”).