Minimum Release Amount definition

Minimum Release Amount means, with respect to each Individual Property, an amount equal to 115% of the Allocated Loan Amount with respect to such Individual Property.

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Minimum Release Amount means, with respect to a Financed Rental Property that is subject to an Optional Repayment pursuant to Section 3(e)(i), an amount equal to the sum of (x) the related Repayment Amount, (y) any other amounts payable under this Agreement that are allocable or allocated to such Rental Property, and (z) any allocated share of the Minimum Release Amount Shortfall.

Minimum Release Amount means, with respect to a Purchased Asset, an amount equal to the sum of (x) such Mortgage Loan’s Repurchase Price of such Purchased Asset, and (y) any related Exit Fee.

Examples of Minimum Release Amount in a sentence

With respect to a sale of Mortgage Loans for net sale proceeds that are less than the applicable Minimum Release Amount, the difference between (x) such Minimum Release Amount and (y) such net sale proceeds deposited in the Collection Account shall be added, on a pro-rata basis and as determined by the Buyer in its sole discretion, to the allocated Repurchase Price of the remaining Purchased Assets.
With respect to a sale of Financed Rental Properties for net Sale Proceeds that are less than the applicable Minimum Release Amount, the difference between (x) such Minimum Release Amount and (y) such net Sale Proceeds deposited in the Waterfall Account shall be added to the Aggregate Advance Amount, on a pro-rata basis and as determined by Lender in its discretion.
When the Purchased Assets are desired to be sold or otherwise transferred or liquidated by Sellers to a Take-Out Investor (an “Optional Repurchase”), for net sale proceeds that are equal or greater to the Minimum Release Amount of such Purchased Assets, Sellers shall give the Buyer at least three (3) Business Day’s prior written notice thereof designating the applicable Purchased Assets and specifying the net sale proceeds expected from such sale.
Line Item, Rev / Job Target Quantity Unit Unit Price Amount Bid Minimum Release Amount 1 This price schedule is not part of the Request for Proposals.
The subscription payment will be held by the Escrow Agent until such time as the Minimum Release Amount has been obtained.

More Definitions of Minimum Release Amount

Minimum Release Amount means, in relation to a Disposal, the aggregate of:

Minimum Release Amount means, for any Individual Property, the “Minimum Release Amount” set forth next to the description of such Individual Property on Schedule I hereto.

Minimum Release Amount means the amount for each Borrowing Base Asset listed on Schedule A. The Loan Parties agree that no Borrowing Base Asset will be released from the lien of the Administrative Agent except in the case of (i) a sale or transfer to a Third Party of such Borrowing Base Asset or (ii) refinancing or replacement of the Mortgage applicable to such Borrowing Base Asset.

Minimum Release Amount means (A) prior to the date upon which the Borrowers prepay Revolver Advances in an aggregate amount equal to or greater than the Maximum Equity Proceeds Prepayment Amount, the amount for each Borrowing Base Asset listed on Schedule B, and (B) on or after the date upon which the Borrowers prepay Revolver Advances in an aggregate amount equal to or greater than the Maximum Equity Proceeds Prepayment Amount, the amount for each Borrowing Base Asset listed on Schedule C. The Loan Parties agree that no Borrowing Base Asset will be released from the lien of the Administrative Agent except in the case of (i) a sale or transfer to a Third Party of such Borrowing Base Asset or (ii) refinancing or replacement of the Mortgage applicable to such Borrowing Base Asset.

Minimum Release Amount means an amount equal to, with respect to a:

Minimum Release Amount means, with respect to a Financed Rental Property that is subject to an Optional Repayment pursuant to S ection 3(e)(i), an amount equal to the sum of (x) the related Repayment Amount, (y) any other amounts payable under this Agreement that are allocable or allocated to such Rental Property, and (z) any allocated share of the Minimum Release Amount Shortfall.

Minimum Release Amount means an amount equal to: (a) with respect to a Mortgage Loan, the sum of (x) such Mortgage Loan’s Repurchase Price and (y) any other amounts due and payable under this Agreement and (b) with respect to an REO Property, the sum of (x) such REO Property’s Repurchase Price and (y) any other amounts due and payable under this Agreement.