Borrowing Base Value. The Borrowing Base Value for Eligible Real Estate owned by Parent Borrower or any Subsidiary Borrower included in the Mortgaged Property shall be the amount which is sixty percent (60%) of the sum of the Appraised Values of each Mortgaged Property as most recently determined under §2.12(e), §5.2 or §10.13.
Borrowing Base Value. The Borrower will not at any time permit the Outstanding Obligations to exceed the aggregate Borrowing Base Value of the Mortgaged Properties.
Borrowing Base Value. The Borrowing Base Value shall be calculated from time to time in accordance with the following procedure:
Borrowing Base Value. Borrowing Base Values will be -------------------- adjusted downward as of the end of a Fiscal Quarter if application of the formula described in clause (b) of the definition of Borrowing Base Value ---------- justifies such adjustment. In the event the Borrowing Base Value of any Borrowing Base Property is increased, such increase shall not become effective until Borrower delivers to the Administrative Agent an endorsement, if necessary, to the Administrative Agent's title insurance policy increasing the amount thereof as related to such Borrowing Base Property by the adjustment to the Borrowing Base Value.
Borrowing Base Value. In the event the As Is Value of any Collateral Pool Property is increased, such increase shall not become effective until the Borrower delivers to the Agent an endorsement, if necessary, to the Agent's title insurance policy increasing the amount thereof as related to such Collateral Pool Property by the adjustment to the Collateral Pool Value.
Borrowing Base Value. 1.With respect to all Borrowing Base Properties owned by any Loan Party for less than or equal to twelve (12) months, the purchase price of such Borrowing Base Properties $___________
Borrowing Base Value. For each Borrowing Base Property, the lower of the Appraised Value of such Borrowing Base Property and the Borrowing Base Property Cost of each such Borrowing Base Property, and the Borrowing Base Value for all Borrowing Base Properties shall be the aggregate of the amount determined as provided above for each Borrowing Base Property; provided that in the event that the Lakeway Asset shall satisfy all of the conditions to be a Borrowing Base Property (which shall include, without limitation, the satisfaction and release of the Lakeway Loan) and shall be a Borrowing Base Property, then the Borrowing Base Value for the Lakeway Asset only shall be the Appraised Value of such Property.
Borrowing Base Value. Advance Rate (paragraph 9.1 of Revolving Credit Agreement) Property 1 Property 2 TOTAL a. Appraised Value of Mortgaged Properties -------------------------------- b. multiplied by 70% 70% -------------------------------- c. Availability based on Appraised Value - - - ------------------------------------------ d. Cost of Mortgaged Properties -------------------------------- e. multiplied by 70% 70% -------------------------------- f. Availability based on Cost - ------------------------------------------ ADVANCE RATE (the lessor of 5c. or 5f.)
Borrowing Base Value. For the Mortgaged Property, Borrowing Base Value shall equal sixty percent (60%) of the Appraised Value of the Mortgaged Property.
Borrowing Base Value. The Borrower will not at any time permit the Outstanding Obligations to exceed the Borrowing Base Value of the Mortgaged Property. The covenant set forth in this §9.1 shall not be effective prior to the Revolving Credit Reinstatement Date.
