Quarterly Valuations. Bank hereby agrees, upon request by Counterparty, to cause its affiliate to provide to the Counterparty, within 5 Exchange Business Days after the end of the fiscal quarter of the Counterparty during which Counterparty made such request, a valuation estimate of the fair value of the Transaction as of the Counterparty’s fiscal quarter end.
Quarterly Valuations. During each Fiscal Quarter, the Agent shall, at the sole cost and expense of the Borrowers, obtain BPOs from the Valuation Agent with respect to 5%, by number, of the Properties owned by the Borrowers (each, a “Quarterly Sample”). Each Quarterly Sample shall be randomly selected by the Agent with a statistically meaningful sample from the portfolio of Properties, including each geographic area in which such Properties are located.
Quarterly Valuations. On the fifteenth (15th) day (or if such day is not a Business Day, the immediately preceding Business Day) of the month following each Fiscal Quarter, the Agent shall have the option, at the sole cost and expense of the Borrowers, to order a sample of updated BPOs and AVMs up to ten percent (10%), by Allocated Loan Amount, of the Financed Properties consisting of (i) updated BPOs from the Diligence Agent with respect to five percent (5%), by Allocated Loan Amount, of the Financed Properties and (ii) AVMs from an Approved AVM Supplier with respect to five percent (5%), by Allocated Loan Amount, of the Financed Properties (each, a “Quarterly Sample”). Each Quarterly Sample shall be randomly selected by the Agent with a statistically meaningful sample from the portfolio of Financed Properties which were not included in any of the eight immediately preceding Quarterly Samples and with BPOs or AVMs obtained more than thirty (30) days prior to the date of such selection, including each geographic area in which such Financed Properties are located. If the Loan To Value Ratio for Financed Properties (calculated with respect to Properties for which BPOs or AVMs were obtained in a Quarterly Sample) is greater than 70% (any such condition, a “Sample Decline”), then the Agent shall have the option in its sole discretion, at the sole cost and expense of the Borrowers and within five (5) Business Days of any such Sample Decline, to order updated BPOs or AVMs from the Diligence Agent or Approved AVM Supplier with respect to an additional 10.0%, by Allocated Loan Amount, of the Financed Properties (each, an “Additional Sample”). Each Additional Sample shall be randomly selected by the Agent with a statistically meaningful sample from the portfolio of Financed Properties, which were not included in any of the four immediately preceding Quarterly Samples and with BPOs or AVMs obtained more than 30 days prior to the date of such selection, including each geographic area in which such Financed Properties are located. If the Loan To Value Ratio for Financed Properties (calculated with respect to Financed Properties for which BPOs or AVMs were obtained in a Quarterly Sample and a related Additional Sample) is greater than 70%, then the Agent may, in its sole discretion, within five (5) Business Days of such findings, at the sole cost and expense of the Borrowers, obtain updated BPOs or AVMs from the Diligence Agent with respect to all of the Financed Properties.
Quarterly Valuations. Without limiting the requirements of sub-clauses (A) through (E) above, the Borrower shall value at least 60% in aggregate value of its Non-Core Investments that are included in the 25% of the Borrowing Base referenced in Section 5.13(e) below no less frequently than quarterly in the manner set forth in sub-clause (A) or (B), as applicable.
Quarterly Valuations. A quarterly calculation which shows the monetary value of poultry which may need to be culled in accordance with EC and national poultry legislation. This information should be shown via a weekly breakdown indicating the monetary values against the age of the birds. This information should be gathered from valid and verifiable sources. A list of poultry requiring valuation tables is shown below. Meat producing birds (UK) Chicken
