Recovery Value definition

Recovery Value means, for each Defaulted Loan that has been a Defaulted Loan for less than one year, the lowest of:

Recovery Value means, for (x) each Defaulted Loan that has been a Defaulted Loan for less than one year and (y) each Collateral Loan held in the form of a Closing Date Participation after the date that is the 60 days after Closing Date, the lowest of:

Recovery Value means, for (x) each Defaulted Loan that has been a Defaulted Loan for less than one year and (y) each Collateral Loan held in the form of a Closing Date Participation after the date that is 90 days after the Closing Date, the lowest of:

Examples of Recovery Value in a sentence

• Expressed in words, this is (1) the product of the Reference Entity Notional Amount in respect of the affected Reference Entity and the Final Price or Auction Final Price, as applicable, in respect of the affected Reference Entity (the "Recovery Value") minus (2) the Unwind Costs.

• If the As Filed NBC-A&E Tax Basis is greater than the NBC-A&E Tax Basis or the adjusted tax basis of the NBC-A&E Interest used by the IRS is greater than the As Filed NBC-A&E Tax Basis, as the case may be, then Redemption Party shall promptly remit to the Company an amount equal to such Estimated Tax Recovery Value.

• Note Sales (Individual or Bulk) Approval to accept down to 90% of Estimated Recovery Value (ERV) after REO on an individual note or on an aggregate basis in a bulk sale.

• Nonprogram properties are offered for sale at the lower of Net Recovery Value (NRV) or the appraised value multiplied by the applicable liquidation value factor.

• With respect to any Collateral Debt Security as of any date of determination, the Recovery Value will be the lower of Moody’s Recovery Amount and the S&P Recovery Amount.

More Definitions of Recovery Value

Recovery Value means, with respect to a Defaulted Collateral Obligation, the lowest of:

Recovery Value. ’ means the value, expressed as a percentage, of a claim against the obligor in respect of the relevant Collateral, as determined by the Swap Counterparty acting in good faith and in a commercially reasonable manner and by way of example but without limitation, the Swap Counterparty may in making this determination, take account of the mean of the market prices of all securities issued by the relevant obligor, disregarding any securities which have a market price which is at an artificially inflated level.

Recovery Value means either (x) the fair market value as of the time of distribution of any cash, securities or other property distributed in a bankruptcy case with respect to the Company in respect of an allowed claim in respect of principal based on the Credit Facility and an allowed interest based on the Shares plus, without duplication, the fair market value of any reinstated or substitute credit facility or other financial accommodation provided by the lender under the Credit Facility

Recovery Value means with respect to Middle Market Loans and Broadly Syndicated Loans, 50%.

Recovery Value means: (a) with respect to First Lien Loans, 45%; and (b) with respect to first lien last out loans, 20%.

Recovery Value means in respect of each Defaulted Underlying Asset the sum of (subject to a minimum of zero):

Recovery Value means the amount (including AST) payable to Silver Chef by the Hirer to reimburse Silver Chef for its loss of the Equipment, which will be the Written Down Value of the Equipment at the material time, as evidenced from a statement in writing issued by Xxxxxx Chef and signed by an authorised officer of Silver Chef, and such a statement will be conclusive evidence of the Written Down Value at the material time and of all matters set out in the statement;