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

• From time to time during the term of this Loan, Administrative Agent may obtain a new or updated Appraisal of the Property to determine the current, As Is Value of the Property and to thereafter adjust the Borrowing Base, as needed, based upon the then current As Is Value of the Property, the cost of which appraisal shall be payable in accordance with the provisions of SECTION 2.13 hereof.

• Definitions of Market Value, As Is Value, and Fee Simple Estate are presented subsequently in this report.

• Some of these facilities have been rebuilt, most in more landward locations.

• Lender shall have received an Approved Appraisal setting forth an As Is Value of the Property which results in a Loan to Value Ratio (calculated based upon the As Is Value of the Property and the Loan in the amount of the Advance) no greater than sixty percent (60%).

• 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.

More Definitions of As Is Value

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

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