Collateral Pool Value definition
Collateral Pool Value means the aggregate Appraised Values of the Collateral Pool Properties.
Collateral Pool Value means the sum of the Approved Appraised Values of all Eligible Real Property from time to time.
Collateral Pool Value means, (i) as of any date prior to March 31, 2010, the aggregate Appraised Values of the Initial Collateral Pool Properties then owned by the Borrower or a Subsidiary Guarantor, (ii) for the period from March 31, 2010 through May 31, 2010, the sum of (A) with respect to those Qualifying Collateral Pool Properties then owned by the Borrower or a Subsidiary Guarantor that have been valued by an Appraisal, the aggregate Appraised Values of such Qualifying Collateral Pool Properties and (B) with respect to those Qualifying Collateral Pool Properties then owned by the Borrower or a Subsidiary Guarantor that have not yet been valued by an Appraisal, the sum of (x) the Collateral Pool NOI attributable to any such Qualifying Collateral Pool Properties which have been owned by Borrower or a Subsidiary Guarantor for the most recent full fiscal quarter for which financial results of Borrower have been reported and for the three (3) immediately preceding entire fiscal quarters multiplied by four and divided by the Capitalization Rate plus (y) the aggregate acquisition cost of such Qualifying Collateral Pool Properties not so owned for such period of four (4) consecutive entire fiscal quarters, and (iii) as of May 31, 2010 and at all times thereafter, the aggregate Appraised Values of the Qualifying Collateral Pool Properties then owned by the Borrower or a Subsidiary Guarantor. For purposes of this definition, to the extent Collateral Pool Value attributable to Qualifying Collateral Pool Properties which are occupied pursuant to Financeable Ground Leases would exceed 15% of Collateral Pool Value, such excess shall be excluded.
Examples of Collateral Pool Value in a sentence
Each of the Collateral Pool Properties included by the Borrower in calculations of the Collateral Pool Value satisfies all of the requirements contained in this Agreement for the same to be included therein.
From and after the date on which the Borrower shall have completed the addition of the Identified Collateral Pool Properties in accordance with Section 5.18, the Borrower shall not permit the Mortgaged Collateral Pool Value to be less than $900,000,000.
The Borrower shall not permit the Mortgaged Collateral Pool Value to be less than $900,000,000.
Concurrently with each such sale and during the period from the date of this Amendment through December 30, 2001, the amount of the Borrowing Base shall be reduced by an amount equal to the lesser of (a) 100% of all net proceeds from each such sale or (b) the amount that the advance basis on the Collateral Pool Value exceeds 60%.
In the event the As-Is Value of any Collateral Pool Property is increased, such increase shall not become effective until the Borrower delivers to the Agent an endorsement, if necessary, to the Agent's title insurance policy increasing the amount thereof as related to such Collateral Pool Property by the adjustment to the Collateral Pool Value.
More Definitions of Collateral Pool Value
Collateral Pool Value means as of any date of determination the sum (without duplication) of (a) for all Collateral Pool Properties which have not been owned by Borrower or a Subsidiary Guarantor for a period of six (6) consecutive calendar quarters, the aggregate Appraised Value of such Collateral Properties, plus (b) for all Collateral Pool Properties that have been owned by Borrower or a Subsidiary Guarantor for a period of at least six (6) consecutive calendar quarters, an amount equal to (i) the Net Operating Income from such Collateral Pool Properties for the two (2) calendar quarters most recently ended times two (2), divided by (ii) the Capitalization Rate.
Collateral Pool Value means, as of any date of determination for the Collateral Properties or the Villa Units, as the case may be, the aggregate Appraised Value of such Collateral Properties or Villa Units, respectively, as most recently determined under this Agreement, excluding the Appraised Value of any excess undeveloped land of any Collateral Property.
Collateral Pool Value means, as of the date of calculation, the sum of (i) the Collateral Pool Net Equity Value plus (ii) the Collateral Pool Cash Collateral.
Collateral Pool Value means, as of the date of determination, the sum of the “as-is” values of the Collateral Pool Properties, as determined by the most recently delivered Appraisals commissioned, reviewed and approved by the Administrative Agent and notice of which has been provided to the Borrowers.
Collateral Pool Value means the sum of the aggregate of the --------------------- Market Values for the Collateral Pool Properties. Collateral Pool Value may be (i) increased as a result of (a) an increase in the Market Value(s) of one (1) or more Collateral Pool Properties following an Appraisal pursuant to Section 2.13, (b) an addition of a real property pursuant to Section 2.9, or (c) a Valuation (but only in the circumstances described in Section 2.14.3), or (ii) -------------- decreased as a result of (a) a decrease in the Market Value(s) of one (1) or more Collateral Pool Properties following a Valuation pursuant to Section 2.14, or (b) a release of one (1) or more Collateral Pool Properties pursuant to Section 2.10.
Collateral Pool Value means, as of the date of calculation, the sum of (i) the Collateral Pool Net Equity Value plus (ii) the Collateral Pool Cash Collateral. “Collateral Pool Value Covenant” means the financial covenant with respect to the Collateral Pool Value set forth in Section 7.08(h).
Collateral Pool Value at any time, the sum of, without duplication, 90% of (i) the Appraised Value of any Orbiting Satellites, (ii) in the event that (A) a Replacement Satellite is then being constructed pursuant to Section 11(o) or 11(p) and (B) the Satellite Contract with respect thereto is still in full force and effect, the Before Launch Appraised Value of Telstar 7 and (iii) at any time prior to the earlier of (x) a Successful Launch of Telstar 7 or (y) a Launch Failure of Telstar 7, the Before Launch Appraised Value of Telstar 7, in each case at the time of such determination; provided that the Appraised Value of any Orbiting Satellite shall be included in the Collateral Pool Value only if all of the outstanding Equity Interests of the owner of the transponders on such Orbiting Satellite are pledged to the Collateral Agent as security for the Obligations pursuant to this Guarantee.