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.
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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.
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As-Is Value means, with respect to any Mortgaged Property, the Appraised Value reflecting the then-current condition of such Mortgaged Property.
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Examples of As-Is Value in a sentence

  • Any As Is Value so determined or redetermined shall be submitted by the Agent to the Borrower and to the Lenders.

  • 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.

  • 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.

  • 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.

  • If the Borrower or any of its Affiliates intends to engage in any construction, remodeling or demolition project or series of related projects with respect to a Collateral Pool Property (each, a "Construction Project"), the aggregate cost of which will exceed Ten Percent (10%) of the As Is Value of such property, Borrower shall first notify the Agent, and such Construction Project shall be subject to the Required Banks' approval, which approval shall not be unreasonably withheld.


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