Market Value Percentage definition

Market Value Percentage means, with respect to any Eligible Loan or Purchased Loan, as of any date, the fraction, expressed as a percentage and rounded to the next highest hundredth of a percent, the numerator of which is the then current Market Value of such Eligible Loan or Purchased Loan, and the denominator of which is the then current Principal Balance of such Eligible Loan or Purchased Loan.

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Market Value Percentage means, with respect to any Collateral Obligation as of any Measurement Date, the amount (expressed as a percentage) equal to the Market Value of such Collateral Obligation on such date divided by the principal amount of such Collateral Obligation on such date. For the purpose of calculating the Market Value Percentage on any day, the Market Value Percentage on any day that is not a Business Day shall be deemed to be the Market Value Percentage on the immediately preceding Business Day.

Market Value Percentage means, with respect to any Purchased Loan, as of any date, the fraction, expressed as a percentage and rounded to the next highest hundredth of a percent, the numerator of which is the then current Market Value of such Purchased Loan, and the denominator of which is the then current Principal Balance of such Purchased Loan.

Examples of Market Value Percentage in a sentence

On each date on which the Officer’s Compliance Certificate is delivered, Seller shall provide a detailed summary of the Market Value Percentage of MSRs most recently delivered in the Market Value Report.
The average of the midpoint values indicated in the two valuation reports submitted by the Valuation Agents shall become the conclusive Valuation Agent Market Value Percentage of the related MSRs that constitute Eligible Assets, binding upon all parties hereto, absent manifest error.
A detailed summary of the fair market value and Market Value Percentage of MSRs from the most recently delivered Market Value Report has been provided to Buyers in accordance with the timing requirements of Section 3.3(g) of the Base Indenture.
Seller shall provide to Administrative Agent and each Buyer a detailed summary of the fair market value and Market Value Percentage of MSRs from the most recently delivered Market Value Report in accordance with the timing requirements of Section 3.3(g) of the Base Indenture.
The average of the midpoint values indicated in the two valuation reports submitted by the Valuation Agents shall become the conclusive Valuation Agent Market Value Percentage of the related MSRs that constitute Eligible Assets, binding upon all Parties, absent manifest error.

More Definitions of Market Value Percentage

Market Value Percentage means in respect of any Mortgage Loan on any date of determination, the market value of such Mortgage Loan (expressed as a percentage of the Outstanding Principal Balance of such Mortgage Loan) determined by the Lender in its sole discretion acting reasonably and having notified the Borrower in advance of its determination and the reasons therefor, which determination shall, in the absence of manifest error, be conclusive.

Market Value Percentage means, (a) for any purpose (other than for purposes of determining the value of the Borrowing Base, which shall be determined pursuant to clause (b) below), as of any date of determination, the lesser of (i) the fair value percentage of the MSR determined by PLS as of the most recent date of determination or (ii) the middle of the range of the fair value percentage of the MSR from the most recently delivered Market Value Report; and (b) for purposes of determining the value of the Borrowing Base from time to time, as of any date of determination, the least of (i) the value of the MSR used to prepare PLS’s most recent balance sheet, as determined by PLS as of such date of determination in accordance with GAAP, (ii) the product of (A) the middle of the range of the fair value percentage of the MSR from the most recently delivered Market Value Report and (B) 115%; or (iii) the product of (A) the average of the middle of the range of the fair value percentage of the MSR from the three (3) most recently delivered Market Value Reports and (B) 110%.

Market Value Percentage. With respect to any Purchased Securities on any date, a percentage figure equal to (i) the aggregate FSAM Asset Value for such Purchased Securities divided by (ii) the aggregate FSAM Asset Value of all Purchased Securities not yet repurchased by the Seller hereunder, with such FSAM Asset Values to be based on the FSAM Asset Values most recently determined in accordance with the Dexia CSAs. If the Dexia Put Contracts have been terminated, the FSAM Asset Value of the relevant Purchased Securities shall be determined by the Administrator or FSA if the Administrator does not make such determination within one Business Day, pursuant to the procedures set forth in the Dexia CSAs as if such Dexia Put Contracts had not been terminated.

Market Value Percentage means the percentage as determined by the Administrative Agent in its sole discretion, taking into account the percentage, including any Modified Valuation, as applicable, provided in the most recently delivered Market Value Report.

Market Value Percentage. Means with respect to the Portfolio Total Spread:

Market Value Percentage in respect of any Mortgage Loan on any date of determination means the market value of such Mortgage Loan (expressed as a percentage of the unpaid principal balance of such Mortgage Loan) determined by the Lender in its sole discretion acting reasonably following consultation with the Borrower, which determination in the absence of manifest error shall be conclusive.

Market Value Percentage means, with respect to any Collateral Debt Obligation as of any Determination Date, the amount (expressed as a percentage) equal to the Market Value of such Collateral Debt Obligation on such date divided by the Principal Balance of such Collateral Debt Obligation on such date.