Quick Sale Value definition
Quick Sale Value means, as of any date of determination, the amount of the net proceeds expected from the sale of Eligible Real Property as determined by an appraiser satisfactory to Lender.
Quick Sale Value means, with respect to any parcel of Eligible Real Property, the quick sale value of such Eligible Real Property as determined by an appraiser acceptable to Agent (pursuant to the most recent written appraisal obtained by Agent that is in form and substance reasonably acceptable to Agent and that contains methodologies, assumptions and other terms reasonably acceptable to Agent), net of estimated liquidation expenses and commissions as determined by Agent.
Quick Sale Value. With respect to a Mortgaged Property, the related BPO, or if the BPO provides a range of values, the lowest value provided.
Examples of Quick Sale Value in a sentence
Foothill has agreed to make a term loan (the "Term Loan") to Borrower in the original principal amount of the lesser of: (a) 10,000,000 and (b) 50% of the Quick Sale Value of the Real Property Collateral.
More Definitions of Quick Sale Value
Quick Sale Value means, with respect to a parcel of Core Real Property Collateral, the quick sale value thereof as set forth in the Current Appraisal thereof.