Collateral Market Value definition

Collateral Market Value means in relation to Transferred Collateral, at any date, the market value of the relevant Transferred Collateral on such date.

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Collateral Market Value means the market value of the Collateral, as determined by the Calculation Agent in its sole and absolute discretion.

Collateral Market Value means the market value of the Collateral as determined by the Calculation Agent in a commercially reasonable manner.

Examples of Collateral Market Value in a sentence

Parties acknowledge and agree that discount (of 100 – Liquidation LTV %) vis-à-vis Collateral Market Value represents a reasonable and fair valuation of, and compensation of the Lender for, risks, uncertainties and estimated costs associated with the repayment of debt by collateral.
Subject to the terms and conditions set forth herein, Lender agrees to make Advances on the Loan to the Borrower from time to time in an aggregate principal amount that will not result in (i) the principal balance due under the Loan exceeding fifty percent (50%) of the Pledged Collateral Market Value.
Parties acknowledge and agree that discount (5%) vis-à-vis Collateral Market Value represents a reasonable and fair valuation of, and compensation of Lender for, risks, uncertainties and estimated costs associated with the repayment of debt by collateral.
In no event shall the Bank be obligated to make a Holdings Revolving Credit Loan if (1) any Default or Event of Default exists or would result from the making of such Loan, or (2) on the Closing Date, the Pledged Collateral Market Value is less than $40,000,000, or (3) at any time after the Closing Date, the aggregate amount of all Loans then outstanding exceeds, or would exceed if such Loan were to be made, 80% of the Pledged Collateral Market Value.
Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of Borrower herein set forth, each Lender hereby severally agrees to lend to Borrower, on the Closing Date, an amount not exceeding its Pro Rata Share of the lesser of (i) the aggregate amount of the Commitments and (ii) the product of (a) the Collateral Market Value as of the Closing Date multiplied by (b) __%*, to be used for the purposes identified in subsection 2.5A.

More Definitions of Collateral Market Value

Collateral Market Value means, with respect to the Collateral, on the relevant date, an amount in USD equal to the highest of the quotations obtained by the Calculation Agent from at least three dealers in obligations of the type of the Collateral (of which one will be Deutsche Bank).

Collateral Market Value means the value of the Collateral as at the date of determination of the Early Termination Settlement Amount, as determined by the Calculation Agent in its sole and absolute discretion.

Collateral Market Value means the price obtainable for any Pledged Mortgage, as determined in good faith by the Agent, in the commercial markets regularly trading Mortgage Loans of a similar nature. The Agent's determination of Collateral Market Value shall be conclusive upon the parties absent manifest error on the part of the Agent.

Collateral Market Value means, with respect to the Collateral, on the relevant date, an amount in EUR determined by the Calculation Agent in its sole and absolute discretion.

Collateral Market Value has the meaning specified in Section 2.04.

Collateral Market Value means the market value of the Collateral as determined in accordance with sub-paragraph 23(C).

Collateral Market Value means, as of any date of determination, the aggregate Market Value of the Mortgaged Rigs; provided, that if the Market Value for any single Mortgaged Rig would otherwise exceed 25% of the Collateral Market