Collateral Value definition

Collateral Value. The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.
View Source
Collateral Value. For any Mortgage Loan, the Collateral Value of the related Mortgaged Property shall be, other than for Refinance Loans, the lesser of (i) the appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan and (ii) the sales price for the related Mortgaged Property. In the case of a Refinance Loan, the Collateral Value of the related Mortgaged Property is its appraised value determined in an appraisal obtained at the time of refinancing.
View Source
Collateral Value means, with respect to each Eligible Mortgage Loan, the lesser of (a) the Applicable Collateral Percentage of the Market Value of such Mortgage Loan, and (b) 100% of the outstanding principal balance of such Mortgage Loan; provided, that the following additional limitations shall apply:
View Source

Examples of Collateral Value in a sentence

  • On the date of Issuance of any Tranche B Letter of Credit for the account of the Account Party, both immediately before and after giving effect to such Issuance, the amount of Outstanding Tranche B Letters of Credit and Outstanding Tranche C Letters of Credit does not exceed the Collateral Value of the Collateral.

  • The Account Party shall fail to maintain at any time Collateral in which Bank shall have a perfected first priority security interest and having a Collateral Value of not less than the aggregate amount of the Outstanding Tranche B Letters of Credit and Outstanding Tranche C Letters of Credit, and, in each case, such failure shall continue or remain unremedied for more than the five (5) Business Day period provided for in Section 7(d)(ii).


More Definitions of Collateral Value

Collateral Value shall have the meaning set forth in the Pricing Side Letter.
View Source
Collateral Value. For any Receivable and for any Series on any date, the product of (i) the Receivable Balance of such Receivable and (ii) the lesser of (A) the highest Advance Rate applicable to the Advance Type of such Receivable in respect of any Class within such Series, and (B) the highest Trigger Advance Rate (if any) for any Class within such Series; provided, that the Collateral Value shall be zero for any Receivable that is not a Facility Eligible Receivable, unless otherwise provided in the related Indenture Supplement.
View Source
Collateral Value means with respect to any Securities Loan Collateral, Cash Loan Collateral or Custodial Collateral:
View Source
Collateral Value means, as of any date of determination, an amount equal to
View Source
Collateral Value means the value assigned by Citibank at any time in its discretion to the Acceptable Collateral representing the amount in the relevant currency which Citibank will accept for the purposes of securing or partially securing my Liabilities, including my Liabilities under any or any part of the Facilities.
View Source
Collateral Value means the total of the acceptance value of all securities in the portfolio at the time of pooled collateral valuation.
View Source
Collateral Value means, as of any date, with respect to any category of Eligible Collateral (as those categories are set forth on Exhibit B hereto), an amount equal to (i) the market value on such date of all Eligible Collateral in such category, multiplied by (ii) the Availability Rate for such category.
View Source