As Is Value definition

As Is Value means the value of the housing and related facilities as of the effective date of the appraisal. It relates to what physically exists and is legally permissible at the time of the appraisal and excludes all hypothetical conditions.

As Is Value or "As Is Appraised Value" of a Lot or Unit means the value as determined by the most recent Appraisal pertaining to such Lot or Unit.

As Is Value means, with respect to each Mortgage Loan, an amount equal to the lesser of (a) the Evaluation/Appraisal Value or the Broker Price Opinion Value, as applicable, of the related Mortgaged Property, which was conducted within six (6) months of the related Purchase Date, or (b) the purchase price of the related Mortgaged Property.

Examples of As Is Value in a sentence

• Cost Approach to Value $2,255,000.00 Market Approach to Value $2,150,000.00 Income Approach to Value: Stabilized Net Income: $2,100,000.00 Discounted Cash Flow Value: $2,040,000.00 Final Value Estimate: Stabilized Net Income: $2,100,000.00 "As Is" Value: $2,040,000.00 Allocated: Land $ 140,000.00 Improvements $1,885,000.00 Furniture, Fixtures and Equipment $ 75,000.00 Goodwill of Going Concern -0- Robert M.

• Borrower agrees that the ratio of the total committed amount of the Loan to the current "as is" value of the Property ("Current As Is Value") shall at no time exceed eighty percent (80%) (the "Maximum Loan-to-Value Ratio").

• For purposes of this section, Bank shall determine the Current As Is Value of the Property by an appraisal using a methodology which (i) conforms to then-current regulatory requirements, (ii) is considered by Bank to be reasonable and appropriate under the circumstances, and (iii) takes into account then-current market conditions, including vacancy factor, discount rates, and rental rates and concessions, all as determined by Bank.

• An “As Is” appraised value of $175,000,000 for the combined riverway central, riverway east and riverway west portions of the mortgaged property.For the purpose of comparing the “Appraised Value ($)” characteristic for the Riverway Mortgage Loan, JP Morgan, on behalf of the Depositor, instructed us to use the sum of the Riverway Central As Is Value, Riverway East As Is Value, Riverway West As Is Value and Riverway Daycare As Is Value.

• If, after receipt and review of the items set forth on Schedule 1.1(R), the Agent is prepared to proceed with acceptance of such property as a Collateral Pool Property, the Agent will so notify the Borrower, and the Agent will obtain an Appraisal of such property in order to determine the As Is Value thereof.

More Definitions of As Is Value

As Is Value means, with respect to each Mortgage Loan, an amount equal to the lesser of (a)the Evaluation/Appraisal Value of the related Mortgaged Property at origination or (b) if the related Mortgaged Property was purchased within twelve (12) months of the Origination Date of such Mortgage Loan, the purchase price of the related Mortgaged Property.

As Is Value or "As Is Appraised Value" of a Lot or Unit shall mean the value as determined by the most recent appraisal pertaining to such Lot or Unit, performed by an appraiser approved by the Lender and prepared in accordance with policies and procedures for real estate appraisals supporting extensions of credit by banking institutions subject to regulation by the Comptroller of the Currency, the Board of Governors of the Federal Reserve System or the Federal Deposit Insurance corporation.

As Is Value or “As Is Appraised Value” of a Lot or Unit means the value as determined by the most recent Appraisal pertaining to such Lot or Unit. WB/Neighborhoods Second Modified and Restated Loan Agreement

As Is Value means, as to each Project, an amount equal to the "as-is" value of such Project, as established by Administrative Agent, as reasonably determined on the basis of the most current Appraisal therefor, which value may not necessarily be the same as that set forth in the Appraisal.

As Is Value means, other than as set forth herein, the value set forth in the most recent Appraisal of a Collateral Pool Property.

As Is Value of a Real Estate Asset shall mean an amount equal to the Trizec Equity Percentage in the seller of such Real Estate Asset multiplied by an amount equal to (a) 93% of the “as-is” value of such Real Estate Asset, as determined by an Appraisal satisfactory to the Administrative Agent less (b) the principal amount of any Permitted Mortgage Indebtedness or Additional Property Indebtedness which is repaid in connection with the Asset Sale of such Real Estate Asset.

As Is Value means, with respect to any Mortgaged Property, the Appraised Value or BPO Value, as applicable, reflecting the current condition of such Mortgaged Property.