Indexed Valuation definition

Indexed Valuation in relation to any Mortgaged Asset at any date means:

Indexed Valuation means, at any date in relation to any Relevant Loan secured over any Property, the Original Market Value of that Property increased or decreased as appropriate by the increase or decrease in the Index since the date of the Original Market Value.

Indexed Valuation means in relation to any Mortgaged Asset at any date: (a) where the Original Market Value of that Mortgaged Asset is equal to or greater than the Price Indexed Valuation as at that date, the Price Indexed Valuation; or (b) where the Original Market Value of that Mortgaged Asset is less than the Price Indexed Valuation as at that date, the Original Market Value plus 90 per cent. (or, if a different percentage is required or sufficient from time to time for the Covered Bonds to qualify as 'covered bonds' as defined in the CRR and the Issuer wishes to apply such different percentage, then such different percentage) of the difference between the Price Indexed Valuation and the Original Market Value.

Examples of Indexed Valuation in a sentence

• The Asset Monitor is not required to test the arithmetic accuracy of α, β, the Current Balance and the Indexed Valuation for each Mortgage Receivable as well as the accuracy of the Asset Percentage and the LTV Cut-Off Percentage and/or any other parameters used in the Asset Cover Test.

• The Asset Monitor is not required to test the arithmetic accuracy of α, β, the Current Balance, the Indexed Valuation for each Mortgage Receivable nor the accuracy of the Asset Percentage and the LTV Cut-Off Percentage.

• For each of the properties in the iLTV Data File, we:· compared the Property Indexed Valuation with the “Indexed Valuation” data field; and· recalculated the indexed LTV by dividing the sum of the value in the “AR67 Current Balance” data field of the Data File for each of the properties in the “AR8 Property Identifier” data field by the Property Indexed Valuation and compared the indexed LTD so calculated with the “Indexed CLTV (Account Level)” data field.without exception.

• A lump sum calculation is allowed for the calculation of the expected costs for an amount equal to the higher of (a) 4 basis points of the aggregate nominal value of the outstanding covered bonds and (b) €400,000 We are not required to establish the arithmetic accuracy of Lj, lj, the Current Balance and the Indexed Valuation for each Mortgage Receivable nor the accuracy of the Asset Percentage and the LTV Cut-Off Percentage nor any other parameters used in the Asset Cover Test.

• A lump sum calculation is allowed for the calculation of the expected costs for an amount equal to the higher of (a) 4 basis points of the aggregate nominal value of the outstanding covered bonds and (b) €400,000 We are not required to establish the arithmetic accuracy of α, β, the Current Balance and the Indexed Valuation for each Mortgage Receivable nor the accuracy of the Asset Percentage and the LTV Cut-Off Percentage nor any other parameters used in the Asset Cover Test.

More Definitions of Indexed Valuation

Indexed Valuation means the Halifax Price Indexed Valuation or, where notified to Covered Bondholders in an Investor Report, the Nationwide Price Indexed Valuation; Reference Rate, in respect of Floating Rate Covered Bonds to which Screen Rate Determination applies, has the meaning given to it in the applicable Final Terms Document; Reference Time means, with respect to any determination of the Benchmark, (1) if the Benchmark is USD LIBOR, 11:00 a.m. (London time) on the day that is two London Business Days preceding the date of such determination, (2) if the Benchmark is SOFR, 2:00 p.m. (London time) on the day that is two London Business Days preceding the date of such determination and (3) if the Benchmark is not USD LIBOR or SOFR, the time determined by the Designated Transaction Representative in accordance with the Benchmark Replacement Conforming Changes; Register means the registers of holders of the Registered Covered Bonds maintained by the Registrar (in the case of Registered Covered Bonds which are not N Covered Bonds) and the N Covered Bond Registrar (in the case of Registered Covered Bonds which are N Covered Bonds); Registered Covered Bond means a Covered Bond in registered form; Registered Land means, in the case of England and Wales, land the title to which is, or is required to be, registered at the Land Registry and, in the case of Northern Ireland, land the title to which is, or is required to be, registered at the Land Registry of Northern Ireland; Registers of Scotland means the Land Register of Scotland and/or the General Register of Sasines; Registrar means (in the case of Covered Bonds which are not N Covered Bonds) Deutsche Bank Trust Company Americas, in its capacity as registrar (and any successor registrar); Regulated Covered Bonds means Covered Bonds that have been admitted to the register of regulated covered bonds maintained by the FCA pursuant to Regulation 7(1)(b) of the RCB Regulations; Regulated Mortgage Contract has the meaning given to it under FSMA on or after N(M), being a contract that is a regulated mortgage contract if, at the time it is entered into:

Indexed Valuation means any valuation used by applying the Propindex, the Bank of Greece Index or any other recognised indexation methods;

Indexed Valuation means in relation to any Mortgaged Asset at any date: (a) where the Original Market Value of that Mortgaged Asset is equal to or greater than the Price Indexed Valuation as at that date, the Price Indexed Valuation; or (b) where the Original Market Value of that Mortgaged Asset is less than the Price Indexed Valuation as at that date, the Original Market Value plus 90% (or, if a different percentage is required or sufficient from time to time for the Covered Bonds to qualify as "covered bonds" as defined in the CRD IV and the Issuer wishes to apply such different percentage, then such different percentage) of the difference between the Price Indexed Valuation and the Original Market Value. Initial Bank Savings Participation means on the Transfer Date of each of the Bank Savings Mortgage Receivables, an amount equal to the sum of the Bank Savings Deposits received by the Bank Savings Participant in relation to such Bank Savings Mortgage Receivable with accrued interest up to the first day of the month in which such Transfer Date falls. Initial Insurance Savings Participation means on the Transfer Date (a) of each Savings Mortgage Receivables and each Savings Investment Mortgage Receivables or (b) of each Savings Investment Mortgage Loan following a switch from any type of Universal Life Mortgage Loan with the Investment Alternative into a Savings Investment Mortgage Loan, an amount equal to the sum of (i) the Savings Premiums or (ii) the Savings Investment Premiums received by the Insurance Savings Participant with accrued interest up to the first day of the month in which such Transfer Date falls in relation to each of the Savings Mortgage Receivables and each of the Savings Investment Mortgage Receivables. Initial Participation means each of the Initial Bank Savings Participation and the Initial Insurance Savings Participation.

Indexed Valuation means any valuation used by applying the Central Bank of Cyprus index or any other recognised indexation methods;

Indexed Valuation means at any date in relation to any Relevant Home Loan secured over any Property:

Indexed Valuation means on any day in relation to any Land:

Indexed Valuation means the Halifax Price Indexed Valuation or, where notified to Covered Bondholders in an Investor Report, the Nationwide Price Indexed Valuation; Reference Rate, in respect of Floating Rate Covered Bonds to which Screen Rate Determination applies, has the meaning given to it in the applicable Final Terms Document; Register means the registers of holders of the Registered Covered Bonds maintained by the Registrar (in the case of Registered Covered Bonds which are not N Covered Bonds) and the N Covered Bond Registrar (in the case of Registered Covered Bonds which are N Covered Bonds); Registered Covered Bond means a Covered Bond in registered form; Registered Land means, in the case of England and Wales, land the title to which is, or is required to be, registered at the Land Registry and, in the case of Northern Ireland, land the title to which is, or is required to be, registered at the Land Registry of Northern Ireland;