Original Asset Value definition

Original Asset Value means, with respect to any Collateral Asset on any date of determination, (i) the Purchase Price of such Collateral Asset on the related Acquisition Date multiplied by (ii) such Collateral Asset’s Principal Balance at such date of determination; provided that, if the Purchase Price is in excess of 100%, it shall be deemed to have been acquired at par; provided, further, that, if a Collateral Asset (other than a Broadly Syndicated Loan) has an original issue discount of 3% of par or less or is otherwise acquired for a Purchase Price of 97% or greater (expressed as a percentage of par), it shall be deemed to have been acquired at par.
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Original Asset Value means, with respect to any Collateral Loan on any date of determination, (i) the Purchase Price of such Collateral Loan on the related Acquisition Date multiplied by (ii) such Collateral Loan’s Principal Balance at such date of determination; provided that, if the Purchase Price is in excess of 100%, it shall be deemed to have been acquired at par; provided, further, that, if a Collateral Loan (other than a Broadly Syndicated Loan) has an original issue discount of 3% of par or less or is otherwise acquired for a Purchase Price of 97% or greater (expressed as a percentage of par), it shall be deemed to have been acquired at par.
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Original Asset Value means, with respect to any Collateral Loan at any date of determination, (i) the Purchase Price of such Collateral Loan on the date such Collateral Loan is or was acquired (or committed to be acquired) by the Borrower multiplied by (ii) such Collateral Loan’s Principal Balance at such date of determination (which shall be determined exclusive of accrued interest and premium).
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Examples of Original Asset Value in a sentence

  • Likewise, if the Revised Asset Value is less than the Original Asset Value, then the amount of the Purchase Price allocable to the International Network Assets pursuant to Section 2.6(a) above shall be decreased, dollar for dollar, by such amount and the amount of the Purchase Price allocable to the Interest shall be increased by such amount.

  • If the sum of the agreed upon value of the International Network Assets shown on such revised Schedule 1.10 (the "Revised Asset Value") exceeds the Original Asset Value, then the amount of the Purchase Price allocable to the International Network Assets pursuant to Section 2.6(a) above shall be increased, dollar for dollar, by such excess and the amount of the Purchase Price allocable to the Interest shall be decreased by such excess.

  • Eva Hunt writes: …reality, nature and experience were nothing but multiple manifestations of a single unity of be- ing… The [sacred] was both the one and the many… It was also multiple, fluid, encompassing of the whole, its aspects were changing images, dynamic, never frozen, but constantly recreated, re- defined (Hunt 1977:55f.).


More Definitions of Original Asset Value

Original Asset Value. Section 2.6(a)
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Original Asset Value means, with respect to any Collateral Asset on any date of determination, (i) the Purchase Price of such Collateral Asset on the related Acquisition Date multiplied by (ii) such Collateral Asset’s Principal Balance at such date of determination; provided that, if the Purchase Price is in excess of 100%, it shall be deemed to have been acquired at par; provided, further, that, if a Collateral Asset has an original issue discount of 3% of par or less or is otherwise acquired for a Purchase Price of 97% or greater (expressed as a percentage of par), it shall be deemed to have been acquired at par.
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Original Asset Value means, with respect to any Collateral Loan on any date of determination, (i) the Purchase Price of such Collateral Loan on the related Acquisition Date multiplied by (ii) such Collateral Loan’s Principal Balance at such date of determination; provided that, (x) if the Purchase Price is in excess of 100%, it shall be deemed to have been acquired at par and (y) the Original Asset Value of any Consent Collateral Loan shall be the amount determined by the Administrative Agent in its sole discretion; provided, further, that, if a Collateral Loan (other than a Priced Loan) has an original issue discount of 3% of par or less or is otherwise -45- DOCPROPERTY "DocID" \* MERGEFORMAT USActive 60781347.5 acquired for a Purchase Price of 97% or greater (expressed as a percentage of par), it shall be deemed to have been acquired at par.
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Original Asset Value means, with respect to any Collateral Loan on any date of determination, the lesser of (i) the fair value of such Collateral Loan as reasonably determined by the Servicer consistent with its books and records on the date such Collateral Loan is acquired by the Borrower and (ii) the product of (x) the Purchase Price of such Collateral Loan on the date such Collateral Loan is acquired by the Borrower multiplied by (y) such Collateral Loan’s Principal Balance at such date of determination (which determination shall be exclusive of accrued interest and premium).
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Original Asset Value. With respect to any Loan (a) par, for such Loan purchased or originated at a price equal to or greater than 97% of par, or (b) otherwise the lower of (x) the Fair Market Value of such Loan and (y) the Purchase Price of such Loan. For the avoidance of doubt, the Original Asset Value of any Loan purchased at a premium shall also be equal to par.
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Related to Original Asset Value

  • Total Asset Value means as of any date of determination the sum (without duplication) of all of the following of the Borrower, the REIT Guarantor and their Subsidiaries on a consolidated basis determined in accordance with GAAP applied on a consistent basis: (a) cash and Cash Equivalents, plus (b) with respect to each Property (other than Development Properties, the Market Square Property and Properties with a negative Net Operating Income) owned for four (4) consecutive fiscal quarters by the Borrower, the REIT Guarantor or any of their respective Subsidiaries, the quotient of (i) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (ii) the applicable Capitalization Rate, plus (c) with respect to each Property acquired during the most recent four (4) fiscal quarters of the Borrower, the greater of (i) the quotient of (A) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the applicable Capitalization Rate, and (ii) the undepreciated GAAP book value (after taking into account any impairments) of such Property, plus (d) with respect to the Market Square Property, the greater of (1) the quotient of (A) Net Operating Income less Capital Reserves attributable to the Market Square Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the Capitalization Rate for CBD or Urban Infill Properties, and (2) the undepreciated GAAP book value (after taking into account any impairments) of the Market Square Property, plus (e) the undepreciated GAAP book value (after taking into account any impairments) for Construction-In-Process for Development Properties, plus (f) the undepreciated GAAP book value (after taking into account any impairments) of Unimproved Land. The Borrower’s pro rata share of assets held by Unconsolidated Affiliates (excluding assets of the type described in the immediately preceding clause (a)) will be included in Total Asset Value calculations consistent with the above described treatment for wholly owned assets. For purposes of determining Total Asset Value, Net Operating Income from Properties acquired or disposed of by the Borrower, any Subsidiary of the Borrower or any Unconsolidated Affiliate during the immediately preceding four (4) fiscal quarters of the Borrower shall be excluded from clause (b) above. For purposes of determining Total Asset Value, Total Asset Value attributable to the following investments in excess of the limitations set forth below shall be excluded from Total Asset Value:

  • Asset Value has the meaning assigned to such term in the Pricing Side Letter.

  • Gross Asset Value means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, except as follows:

  • Net Value has the meaning set forth in Section 1.68(a)(ii).

  • Unencumbered Asset Value means, at any time for the Consolidated Group, without duplication, the sum of the following: (a) an amount equal to (i) Unencumbered NOI from all Unencumbered Properties (other than Non-Stabilized Properties and acquisition properties described in clause (b) below) that have been owned by the Consolidated Group for four full fiscal quarter periods or longer (which amount for each individual Unencumbered Property as well as the aggregate amount for all Unencumbered Properties shall not be less than zero) divided by (ii) the Capitalization Rate, plus (b) the aggregate acquisition cost of all Unencumbered Properties acquired during the then most recently ended four fiscal quarter period, plus (c) the undepreciated book value of Unencumbered Properties that are Non-Stabilized Properties; provided that if the Unencumbered Asset Value attributable to Non-Stabilized Properties accounts for more than 15% of Unencumbered Asset Value, the amount of undepreciated book value of such Non-Stabilized Properties that exceeds such limit shall be deducted from Unencumbered Asset Value, plus (d) cash from like-kind exchanges on deposit with a qualified intermediary (“1031 proceeds”), plus (e) the value of Mezzanine Debt Investments and Mortgage Receivables owned by the Consolidated Group that are not more than ninety (90) days past due determined in accordance with GAAP, in each case that are not subject to a Lien or Negative Pledge; provided that if the Unencumbered Asset Value attributable to Mezzanine Debt Investments and Mortgage Receivables accounts for more than 10% of Unencumbered Asset Value, the amount of Mezzanine Debt Investments and Mortgage Receivables that exceeds such limit shall be deducted from Unencumbered Asset Value, plus (f) the undepreciated book value of all Unimproved Land and Construction in Progress owned by the Consolidated Group to the extent any such assets are not subject to a Lien or Negative Pledge, plus (g) Balance Sheet Cash; provided that, to the extent that Unencumbered Asset Value attributable to investments in Mezzanine Debt Investments, Mortgage Receivables, 1031 proceeds, Unimproved Land, and Construction in Progress account for more than 25% of Unencumbered Asset Value, in the aggregate, the amount that exceeds such limit shall be deducted from Unencumbered Asset Value. For clarification purposes, in determining whether clause (a) or clause (b) above applies, the date a Property will be deemed to have been acquired is the date it was acquired by the Consolidated Group or any prior Affiliate of the Consolidated Group.

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.

  • Additional Assets means (1) any property, plant or equipment used in a Related Business; (2) the Capital Stock of a Person that becomes a Restricted Subsidiary as a result of the acquisition of such Capital Stock by the Company or another Restricted Subsidiary; or (3) Capital Stock constituting a minority interest in any Person that at such time is a Restricted Subsidiary; provided, however, that any such Restricted Subsidiary described in clause (2) or (3) above is primarily engaged in a Related Business.

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • Adjusted Total Assets means, for any Person, the sum of:

  • Book Value means, with respect to any Company asset, the adjusted basis of such asset for federal income tax purposes, except as follows:

  • Net Asset Value per Unit means, for each Class of Partnership Unit, the net asset value per unit of such Class of Partnership Unit, determined as of the last business day of each month as described in the Prospectus.

  • Average Invested Assets means, for a specified period, the average of the aggregate book value of the assets of the Company invested, directly or indirectly, in Properties, Loans and other Permitted Investments secured by real estate before reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.

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