BPO Determined Value definition

BPO Determined Value means, with respect to any Property, the “as is” value for such Property set forth in the initial Broker Price Opinion obtained by the Administrative Agent from the Diligence Agent with respect to a Property in connection with the Borrowing Request for the Property Loan related to such Property, as adjusted by the Administrative Agent pursuant to the BPO Reconciliation Process. The Administrative Agent shall order a revised “as is” value and market rent estimate for each Converted Property upon completion of the related Scheduled Renovation Work prior to the funding of any Renovation Loan with respect to such Property. On the fifteenth day of each calendar quarter (or, if such date is not a Business Day, on the immediately following Business Day), the Administrative Agent may, at the Borrowers’ expense, order Broker Price Opinions from the Diligence Agent for:
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BPO Determined Value means, with respect to any Property, the “as is” value for such Property set forth in the initial Broker Price Opinion obtained by the Administrative Agent from the Diligence Agent with respect to a Property in connection with the Borrowing Request for the Property Loan related to such Property, as adjusted by the Administrative Agent pursuant to the BPO Reconciliation Process. On April 15 and October 15 of each calendar year (or, if such date is not a Business Day, on the immediately following Business Day), the Administrative Agent may, or shall pursuant to a Thirty-Three Percent Lender Instruction, at the Borrowers’ expense, order Broker Price Opinions from the Diligence Agent for:
Sample 1Sample 2
BPO Determined Value means, with respect to any Property, the “as is” value for such Property set forth in the initial Broker Price Opinion obtained by the Administrative Agent from the Diligence Agent with respect to such Property in connection with the Borrowing Request for the Loan related to such Property. The Administrative Agent may, at the Borrowers’ expense, order Broker Price Opinions from the Diligence Agent for, (a)(i) at any time and not more than two times in each twelve (12) month period or (ii) at any time following more than fifteen percent (15%) (by number) of the Financed Properties subject hereto as of the Closing Date having been subject to a Qualified Transfer or otherwise released (A) a sample of up to ten percent (10%) (by number) of the Financed Properties, such sample to be selected by the Administrative Agent from the Financed Properties and (B) if the foregoing sample described in clause (A) shows an aggregate BPO Determined Value that results in a Loan to Value Ratio of greater than sixty-five percent (65%) based on the Allocated Loan Amounts for such Properties, up to all the Financed Properties and (b) upon the occurrence of a Pool Factor Trigger Condition, up to all the Financed Properties. Upon receipt of any such updated Broker Price Opinions, the “BPO Determined Value” shall be the “as is” value for such Property set forth in the most recent such Broker Price Opinions obtained with respect to such Property from time to time. Notwithstanding anything herein to the contrary, the BPO Determined Value of any Property that is a Disqualified Property but is not a Reserved Property shall be zero for all purposes of this Agreement.
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More Definitions of BPO Determined Value

BPO Determined Value means, with respect to any Property, the “as is” value for such Property set forth in the initial Broker Price Opinion obtained by the Administrative Agent from the Diligence Agent with respect to a Property in connection with the Borrowing Request for the Property Loan related to such Property, as adjusted by the Administrative Agent pursuant to the BPO Reconciliation Process. Beginning on October 15, 2016, on April 15 and October 15 of each calendar year (or, if such date is not a Business Day, on the immediately following Business Day), the Administrative Agent may, or at the direction of any Fifty Percent Lender shall, at the Borrowers’ expense, order Broker Price Opinions from the Diligence Agent for:
Sample 1
BPO Determined Value means, with respect to any Property, the “as is” value for such Property set forth in the initial Broker Price Opinion obtained by the Administrative Agent from the Diligence Agent with respect to a Property in connection with the Borrowing Request for the Property Loan related to such Property, as adjusted by the Administrative Agent pursuant to the BPO Reconciliation Process. On April 15 and October 15 of each calendar year (or, if such date is not a Business Day, on the immediately following Business Day), the Administrative Agent may, at the Borrowers’ expense, order Broker Price Opinions from the Diligence Agent for:
Sample 1

Related to BPO Determined Value

  • Adjusted Value as used in subdivision (d) means:

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Company Value means the actual value of the Company as a going concern based on the difference between (a) the actual value of all of its assets as determined in good faith by the Board, including a majority of the Independent Directors, and (b) all of its liabilities as set forth on its balance sheet for the period ended immediately prior to the determination date, provided that (i) if the Company Value is being determined in connection with a Change of Control that establishes the Company’s net worth, then the Company Value shall be the net worth established thereby and (ii) if the Company Value is being determined in connection with a Listing, then the Company Value shall be equal to the number of outstanding Common Shares multiplied by the Closing Price of a single Common Share averaged over a period of 30 trading days during which the Shares are listed or quoted for trading after the date of Listing. For purposes hereof, a “trading day” shall be any day on which the NYSE is open for trading, whether or not the Common Shares are then listed on the NYSE and whether or not there is an actual trade of Common Shares on any such day. If the holder of Convertible Shares disagrees as to the Company Value as determined by the Board, then each of the holder of Convertible Shares and the Company shall name one appraiser and the two named appraisers shall promptly agree in good faith to the appointment of one other appraiser whose determination of the Company Value shall be final and binding on the parties as to the Company Value. The cost of such appraisal shall be split evenly between the Company and the Advisor.

  • Adjusted Fair Market Value means, in the event of a Change in Control, the greater of (i) the highest price per Share paid to holders of the Shares in any transaction (or series of transactions) constituting or resulting in a Change in Control or (ii) the highest Fair Market Value of a Share during the ninety (90) day period ending on the date of a Change in Control.

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • Modified adjusted gross income means “federal adjusted gross income”:

  • Good Value means that the Benchmarked Rates are within the Upper Quartile

  • Fair Market Value Excess With respect to each Mortgage Loan to be purchased pursuant to Section 10.01(a), the excess, if any, of the Fair Market Value Call Price for such Mortgage Loan, over the Par Call Price for such Mortgage Loan. Any Fair Market Value Excess will not become part of the related Group Available Funds, but shall instead be distributed directly to the Holders of the Class A-LR Certificates pursuant to Section 4.02(g).

  • Sponsor Fair Market Value means the average last reported sale price of the Ordinary Shares for the ten (10) trading days ending on the third (3rd) trading day prior to the date on which notice of exercise of the Private Placement Warrant is sent to the Warrant Agent;

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Net Value has the meaning set forth in Section 1.68(a)(ii).

  • Gross Fair Market Value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets; and

  • Event Determination Date means either:

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

  • rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;

  • Net Equity Value means, at any time, the total assets of the applicable business less the total liabilities of such business less the amounts attributable to the minority interest in such business, in each case as determined on a consolidated basis, in accordance with GAAP, subject to the last sentence of the definition of Capitalization Value.

  • Adjusted Book Value means, as of a particular date, the Book Value on such date, subject to the following adjustments, each of which shall have been derived from the Company’s IFRS financial statements for the period ended on such date (or, if not derivable from such financial statements, shall be determined in good faith by the Company), but reduced by the amount of the federal income tax applicable thereto:

  • Share Value means $25.00 plus declared and unpaid dividends as at the date of the Trigger Event.

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders:

  • Benchmark Determination Date means (a) if the Benchmark is LIBOR, the LIBOR Determination Date, (b) if the Benchmark is Term SOFR, the date that is two Business Days before the first day of the applicable Accrual Period, (c) if the Benchmark is Compounded SOFR, the date that is five Business Days before the last day of the applicable Accrual Period and (d) if the Benchmark is any other rate, the date determined by the Trust according to Section 2.16 of the Indenture.

  • Net Asset Value per Share means the Net Asset Value of a Fund divided by the