Value of Project. In Borrower's judgment, after subtracting the amount of the Senior Loan, the fair market value of the Project is greater than the Payoff Amount.
Appears in 1 contract
Sources: Loan Payoff Agreement
Value of Project. In Borrower's judgment, after subtracting the amount of the Senior Loan and the Senior Mezzanine Loan, the fair market value of the Project is greater than the Payoff Amount.
Appears in 1 contract
Sources: Loan Payoff Agreement
Value of Project. In Borrower's the Borrower Parties’ judgment, after subtracting the amount of the Senior Mortgage Loan and the Mezzanine Loan, the fair market value of the Project is greater than the Payoff AmountConsideration.
Appears in 1 contract
Sources: Loan Pay Off Agreement