Total Collateral Value definition

Total Collateral Value means the "as-is" appraised value of each Borrowing Base Asset as determined by appraisals commissioned, reviewed and approved by the Administrative Agent.

Total Collateral Value means, as of any date of determination, the sum of (a) the Book Value of each Covered Asset as of such date as determined by the most recently delivered Collateral Report and (b) the aggregate amount of Cash and Cash Equivalents in the Deposit Collateral Account that is required to be applied to prepay the Loans in accordance with Section 2.10. For the purposes of any pro forma determination of the Total Collateral Value in the calculation of the Collateral Coverage Ratio as a result of any withdrawal, including without limitation pursuant to a Third Party Sale, of an asset as Collateral or a Covered Asset or other adjustment to the Book Value, such determination shall be made after giving effect to any such contemplated withdrawal as of such date.

Total Collateral Value means, on any date, an amount equal to the lesser of (a) the Deemed Collateral Value for the Monthly Calculation Date immediately preceding such date and (b) the Structuring Collateral Value for the Monthly Calculation Date immediately preceding such date.

Examples of Total Collateral Value in a sentence

• The Reserve Collateral Value was added to the Debtors’ estimated Other Collateral Asset Value, consisting of accounts receivable, joint interest billing, and encumbered cash,228 to arrive at the estimated Total Collateral Value as of (i) the Petition Date and (ii) the Forecasted Effective Date.

• Overseas Properties and Properties outside England and Wales Under the Common Terms Agreement, the Landsec Group has the ability to invest in properties outside the UK and create security over them, although this is limited to 5% of the Total Collateral Value.

• The Landsec Group can also invest in properties outside England and Wales in the UK, the limit being 40% of the Total Collateral Value.

• Subtracting the Total Collateral Value as of the Forecasted Effective Date from the Total Collateral Value as of the Petition Date, Mr. Mitchell arrived at his estimated total Collateral Diminution of $417.5 million.229 Mr. Mitchell subsequently re-ran his analysis with May 20, 2016 and June 10, 2016 strip pricing assumptions, which altered only the Reserve Collateral Value as of the Forecasted Effective Date.

• The Landsec Group can also investin properties outside England and Wales in the UK, the limit being 40% of the Total Collateral Value.

More Definitions of Total Collateral Value

Total Collateral Value means, for any date of determination, the sum (without duplication) as of such date of the following, in each case determined in accordance with GAAP for the Issuer and its Subsidiaries:

Total Collateral Value means, as of any date of calculation with respect to any pool of Real Property Assets, the sum of the Collateral Values with respect to each of the Real Property Assets in such pool.

Total Collateral Value means, on any date of determination:

Total Collateral Value means, at any time, the aggregate of the value of the Cash Collateral and the value of the Securities Collateral, in each case as determined by the Issuing Bank, acting reasonably and for the avoidance of doubt in determining the value of the Securities Collateral the Issuing Bank’s determination shall be made on the basis of the most recent valuation of the Securities Collateral provided by the Custodian pursuant to paragraph (a) of Clause 21.4 (Information: miscellaneous) except that where there is no readily available market value for the Securities Collateral and the Custodian has based its valuation of such Securities Collateral on a financial model which is not satisfactory to the Issuing Bank (acting reasonably), the Issuing Bank shall be entitled to obtain and have regard to a further independent valuation of the Securities Collateral.

Total Collateral Value means, as of any date of determination, the sum, subject to the Collateral Value Limitations, of (a) the Book Value of each Covered Asset as of such date as determined by the most recently delivered Collateral Report and (b) the aggregate amount of Cash and Cash Equivalents in (x) the Deposit Collateral Accounts and (y) the Reinvestment Collateral Account that is required to be applied to prepay the Loans in accordance with Section 2.10. For the purposes of any pro forma determination of the Total Collateral Value in the calculation of the Collateral Coverage Ratio as a result of any withdrawal, including without limitation pursuant to a Third Party Sale, of an asset as Collateral or a Covered Asset or other adjustment to the Book Value, such determination shall be made after giving effect to any such contemplated withdrawal as of such date and the proceeds concurrently received into a Deposit Collateral Account or the Reinvestment Collateral Account or, in the alternative, any concurrent replacement of an asset.

Total Collateral Value means an aggregate amount equal to 75% of the aggregate Appraised Values of the Borrowing Base Properties, based upon the Appraised Value for each Borrowing Base Property most recently received by the Agent.

Total Collateral Value means, as of any date of determination, the aggregate book value of all First Priority Perfected Collateral as of such date, (a) excluding the value of any such Collateral consisting of (i) cash, (ii) Cash Equivalents (and similar short-term marketable securities), (iii) intangible assets and (iv) Capital Stock of any Person, and (b) calculated on a consolidated basis for all Obligors (so as to exclude the value of any such Collateral consisting of obligations owing by one Obligor to another Obligor).