Updated Valuation definition

Updated Valuation. With respect to a Mortgage Loan having a Stated Principal Balance of $2,000,000 or higher, an Updated Appraisal. With respect to a Mortgage Loan having a Stated Principal Balance of less than $2,000,000, an updated Small Loan Appraisal Estimate.

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Updated Valuation has the meaning set forth in Section 11.5.

Updated Valuation. ’ means the Valuation as it relates to the Common Shares, as revised and updated in writing by an Independent Valuator (and delivered by such Independent Valuator to the Independent Privatization Committee) solely to reflect, to the extent necessary, new information set out in International’s Form 10-K filed with the SEC in respect of the International Statements (the ‘‘Updated Information’’), such Updated Valuation to be as of the effective date of the Valuation, solely incorporating the Updated Information and, to the extent possible, using the same methodology and assumptions used in the Valuation, except to the extent the Independent Valuator determines, in its professional judgment, that such methodology or assumptions must be adjusted in view of the Updated Information;

Examples of Updated Valuation in a sentence

The Special Servicer shall obtain a new Updated Valuation or a letter update every 12 months thereafter until the REO Property is sold.
For so long as such Mortgage Loan or Serviced Whole Loan is a Specially Serviced Loan, the Special Servicer shall obtain letter updates to each Updated Valuation annually and prior to the Special Servicer granting extensions beyond one year or any subsequent extension after granting a one year extension with respect to the same Mortgage Loan or Serviced Whole Loan.
For so long as any Mortgage Loan is included in the Trust Fund, the Special Servicer shall obtain a new Updated Valuation with respect to an Updated Valuation which is more than two years old.
For so long as such Mortgage Loan or Loan Combination is a Specially Serviced Loan, the Special Servicer shall obtain letter updates to each Updated Valuation annually and prior to the Special Servicer granting extensions beyond one year or any subsequent extension after granting a one year extension with respect to the same Mortgage Loan or Loan Combination.
The “Applicable Percentage” is equal to the absolute value of (i) one minus (ii) the quotient equal to (A) US$130,000,000 divided by (B) the Updated Valuation.
The Special Servicer shall obtain a new Updated Valuation or a letter update every 12 months thereafter until the Serviced REO Property is sold.
In addition, in the event Bank gives notice of its exercise of its right to require Company (or its designee) to purchase the Private Label Portfolio Assets, then, within 30 days of the date on which the conditions set forth in the second sentence of Section 9.2(a) shall be satisfied, Bank shall provide another updated Valuation Masterfile (the "Updated Valuation Masterfile").
For so long as such Mortgage Loan or Loan Pair is a Specially Serviced Loan, the Special Servicer shall obtain letter updates to each Updated Valuation annually and prior to the Special Servicer granting extensions beyond one year or any subsequent extension after granting a one year extension with respect to the same Mortgage Loan or Companion Loan.

More Definitions of Updated Valuation

Updated Valuation is equal to the average of the closing prices of the Company common stock on the applicable Nasdaq stock market (or, on any trading day on which the Company common stock is not listed for trading on Nasdaq, on the over-the-counter bulletin board quotation system) on all trading days during the Measurement Period multiplied by total number of shares of common stock of the Company outstanding at the close of business on the date hereof; provided that in no event shall the Current Market Capitalization ever be less than US$67,000,000. The “Measurement Period” is the period from the date hereof to the thirtieth day following the date hereof. The Investor may exercise the Option at any time during the thirty days following the expiration of the Measurement Period by delivering to the Company, at the address identified in Section 2 hereof, a completed Notice of Option Exercise, the form of which is attached hereto as Exhibit A, together with payment of the aggregate exercise price. The Company shall issue the Additional Shares within five (5) trading days after the date of its receipt of the Notice of Option Exercise.

Updated Valuation has the meaning set forth in Section 11.5. “VAE” means with respect to (a) any Borrowing Base Eligible Asset or (b) in the case of a Borrowing Base Eligible Asset that is comprised of Securities in a Borrowing Base Subsidiary, one or more related Mortgage Assets, as applicable, the occurrence of any of the following: (i) any payment default or any other default(s) (in each case, after giving effect to any applicable grace, cure or notice periods in accordance with the underlying loan documents) that, in the case of a non-payment default, could, individually or in the aggregate, reasonably be expected to materially and adversely affect value of such Borrowing Base Eligible Asset or Mortgage Asset as a whole; (ii) an insolvency event with respect to an underlying borrower; (iii) the loan to value percentage is greater than 90%; (iv) for any Subordinated Commercial Real Estate Loan or Preferred Equity Investment, the first lien loan to value is greater than 80%; (v) for any Mortgage Assets held by a Borrowing Base Debt Subsidiary, the aggregate outstanding principal balance of the associated Warehousing Debt, Securitization Indebtedness or other debt exceeds 90% of the aggregate outstanding principal balance of all Mortgage Assets of such Borrowing Base Debt Subsidiary; (vi) the occurrence of a Material Modification with respect to such Borrowing Base Eligible Asset or Mortgage Asset, as applicable; and

Updated Valuation. CCCERA will perform a final valuation of RHFPD pension assets and liabilities, updated to June 30, 2025, including all contributions, benefit payments, and investment returns since the last valuation on December 31, 2023.

Updated Valuation means the Market Value of any Land Interest to be included in any Development Agreement on the basis that the relevant Land Interest has the benefit of planning permission for the development proposed by the Development Agreement provided that where an Updated Valuation is to be carried out the identity of the valuer and the terms of his/her brief has previously been agreed between the Council and THT];