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, (i) as of any date prior to March 31, 2010, the aggregate Appraised Values of the Initial Collateral Pool Properties then owned by the Borrower or a Subsidiary Guarantor, (ii) for the period from March 31, 2010 through May 31, 2010, the sum of (A) with respect to those Qualifying Collateral Pool Properties then owned by the Borrower or a Subsidiary Guarantor that have been valued by an Appraisal, the aggregate Appraised Values of such Qualifying Collateral Pool Properties and (B) with respect to those Qualifying Collateral Pool Properties then owned by the Borrower or a Subsidiary Guarantor that have not yet been valued by an Appraisal, the sum of (x) the Collateral Pool NOI attributable to any such Qualifying Collateral Pool Properties which have been owned by Borrower or a Subsidiary Guarantor for the most recent full fiscal quarter for which financial results of Borrower have been reported and for the three (3) immediately preceding entire fiscal quarters multiplied by four and divided by the Capitalization Rate plus (y) the aggregate acquisition cost of such Qualifying Collateral Pool Properties not so owned for such period of four (4) consecutive entire fiscal quarters, and (iii) as of May 31, 2010 and at all times thereafter, the aggregate Appraised Values of the Qualifying Collateral Pool Properties then owned by the Borrower or a Subsidiary Guarantor. For purposes of this definition, to the extent Collateral Pool Value attributable to Qualifying Collateral Pool Properties which are occupied pursuant to Financeable Ground Leases would exceed 15% of Collateral Pool Value, such excess shall be excluded.
Examples of Collateral Pool Value in a sentence
Each of the Collateral Pool Properties included by the Borrower in calculations of the Collateral Pool Value satisfies all of the requirements contained in this Agreement for the same to be included therein.
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.
The Borrower shall not permit the Mortgaged Collateral Pool Value to be less than $900,000,000.
Permit the Collateral Pool Value at any time to be less than three hundred percent (300%) of the Aggregate Commitments.
Simultaneously with the delivery of the foregoing items, the Borrower shall deliver to the Administrative Agent a Compliance Certificate demonstrating that the Borrower is in compliance with the Collateral Pool Value Covenant immediately before and after giving effect to such removal.
More Definitions of Collateral Pool Value
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.
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 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.
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, 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. “Collateral Property” means the Real Estate that is a Senior Care Property owned by a Borrower that is leased to another Borrower that is an OpCo Affiliate and, if such Senior Care Property is an IGT Facility, subleased to an IGT Hospital, and that has been pledged to Administrative Agent pursuant to a Mortgage. “Collections Account” means a Deposit Account maintained by one or more Borrowers with KeyBank. “Commitment” means, with respect to each Lender, the aggregate of (a) the A/R Revolving Loan Commitment of such Lender and (b) the Real Estate Revolving Loan Commitment of such Lender. “Commitment Increase” has the meaning set forth in Section 2.10(a). “Commitment Increase Request Notice” has the meaning set forth in Section 2.10(a). “Commitment Percentage” means, with respect to each Lender, the percentage set forth on Schedule 1.1
Collateral Pool Value means, at the time in question, the aggregate Approved Value of the Mortgaged Property (whether one Project or more) that secures the Loan.
Collateral Pool Value means the sum of the Approved Appraised Values of all Eligible Real Property from time to time; provided that from the date of this Amendment through December 30, 2001, the Approved Appraised Values of the following parcels of Eligible Real Property shall be as follows (so long as each such parcel of property continues to constitute Eligible Real Property during that time period): (a) Salt Lake City, Utah - $8,838,000; (b) Spokane, Washington (Ridpath) - $5,365,000; and (c) Hillsboro, Oregon - $3,472,000.