Common use of Property Value Clause in Contracts

Property Value. The fair market value of the Real Property is greater than the face amount of the Securities; Pledgor has received reasonably equivalent value in exchange for the transfers contemplated by the Defeasance Documents;

Appears in 2 contracts

Sources: Defeasance Pledge and Security Agreement (First Potomac Realty Trust), Defeasance Pledge and Security Agreement (Winston Hotels Inc)