Collateral Pool Value means the sum of the Approved Appraised Values of all Eligible Real Property from time to time.
Collateral Pool Value means the aggregate Appraised Values of the Collateral Pool Properties.
Collateral Pool Value means, as of any date of determination for the Collateral Properties or the Villa Units, as the case may be, the aggregate Appraised Value of such Collateral Properties or Villa Units, respectively, as most recently determined under this Agreement, excluding the Appraised Value of any excess undeveloped land of any Collateral Property.
Examples of Collateral Pool Value in a sentence
The Borrower shall not permit the Mortgaged Collateral Pool Value to be less than $900,000,000.
From and after the date on which the Borrower shall have completed the addition of the Identified Collateral Pool Properties in accordance with Section 5.18, the Borrower shall not permit the Mortgaged Collateral Pool Value to be less than $900,000,000.
More Definitions of Collateral Pool Value
Collateral Pool Value means as of any date of determination the sum (without duplication) of (a) for all Collateral Pool Properties which have not been owned by Borrower or a Subsidiary Guarantor for a period of six (6) consecutive calendar quarters, the aggregate Appraised Value of such Collateral Properties, plus (b) for all Collateral Pool Properties that have been owned by Borrower or a Subsidiary Guarantor for a period of at least six (6) consecutive calendar quarters, an amount equal to (i) the Net Operating Income from such Collateral Pool Properties for the two (2) calendar quarters most recently ended times two (2), divided by (ii) the Capitalization Rate.
Collateral Pool Value means, as of any date, (i) prior to the date on which financial results of Borrower for the quarter ending December 31, 2011 have been reported, the aggregate Appraised Values of the Qualifying Collateral Pool Properties then owned by Borrower or a Subsidiary Guarantor and included in the Collateral Pool (provided that the Appraised Values of the initial Qualifying Collateral Pool Properties used for the initial determination of Collateral Pool Value as of the Agreement Effective Date have not been finalized, but shall be finalized within thirty (30) days thereafter and upon such finalization Borrower shall take any action that may be required hereunder to reflect the resulting change, if any, in Collateral Pool Value), (ii) at all times after such date, the sum of (A) with respect to all Qualifying Collateral Pool Properties then owned by Borrower or a Subsidiary Guarantor and included in the Collateral Pool which were so owned by Borrower or a Subsidiary Guarantor at all times during the most recent four (4) full fiscal quarters for which financial results of Borrower have been reported, the aggregate Adjusted Collateral Pool NOI attributable thereto (provided that the contribution to such aggregate Adjusted Collateral Pool NOI on account of any Project shall not in any event be a negative number) divided by the Capitalization Rate, provided that the contribution to Collateral Pool Value under this clause (A) on account of any Qualifying Collateral Pool Property which is a Single Tenant Project shall not, in any event, exceed the most recent Appraised Value of such Single Tenant Project; plus (B) with respect to all Qualifying Collateral Pool Properties not so owned at all times during such four (4) full fiscal quarters, the aggregate acquisition cost thereof. For purposes of this definition, (i) to the extent that the aggregate contribution to Collateral Pool Value on account of Qualifying Collateral Pool Properties which are occupied pursuant to Financeable Ground Leases would exceed fifteen percent (15%) of Collateral Pool Value, such excess shall be excluded, (ii) to the extent that the aggregate contribution to Collateral Pool Value on account of any single Qualifying Collateral Pool Property (other than either of the Qualifying Collateral Pool Properties commonly known as South Park Xxxxxxx II and Boulevard at the Cap Center) would exceed twenty percent (20%) of Collateral Pool Value, such excess shall be excluded; (iii) to the extent that the aggr...
Collateral Pool Value means, as of the date of calculation, the sum of (i) the Collateral Pool Net Equity Value plus (ii) the Collateral Pool Cash Collateral. “Collateral Pool Value Covenant” means the financial covenant with respect to the Collateral Pool Value set forth in Section 7.08(h).
Collateral Pool Value means, as of the date of determination, the sum of the “as-is” values of the Collateral Pool Properties, as determined by the most recently delivered Appraisals commissioned, reviewed and approved by the Administrative Agent and notice of which has been provided to the Borrowers.
Collateral Pool Value means, as of the date of calculation, the sum of (i) the Collateral Pool Net Equity Value plus (ii) the Collateral Pool Cash Collateral.
Collateral Pool Value at any time, the sum of, without duplication, 90% of (i) the Appraised Value of any Orbiting Satellites, (ii) in the event that (A) a Replacement Satellite is then being constructed pursuant to Section 11(o) or 11(p) and (B) the Satellite Contract with respect thereto is still in full force and effect, the Before Launch Appraised Value of Telstar 7 and (iii) at any time prior to the earlier of (x) a Successful Launch of Telstar 7 or (y) a Launch Failure of Telstar 7, the Before Launch Appraised Value of Telstar 7, in each case at the time of such determination; provided that the Appraised Value of any Orbiting Satellite shall be included in the Collateral Pool Value only if all of the outstanding Equity Interests of the owner of the transponders on such Orbiting Satellite are pledged to the Collateral Agent as security for the Obligations pursuant to this Guarantee.
Collateral Pool Value means the sum of the aggregate of the --------------------- Market Values for the Collateral Pool Properties. Collateral Pool Value may be (i) increased as a result of (a) an increase in the Market Value(s) of one (1) or more Collateral Pool Properties following an Appraisal pursuant to Section 2.13, (b) an addition of a real property pursuant to Section 2.9, or (c) a Valuation (but only in the circumstances described in Section 2.14.3), or (ii) -------------- decreased as a result of (a) a decrease in the Market Value(s) of one (1) or more Collateral Pool Properties following a Valuation pursuant to Section 2.14, or (b) a release of one (1) or more Collateral Pool Properties pursuant to Section 2.10.