MSR Valuation

MSR Valuation. Shall mean the lesser of (i) the value of the mortgage servicing rights owned by the Seller as set forth in the Seller's most recent balance sheet as determined by the Seller as of such date in accordance with generally accepted accounting principles, (ii) the Buyer's valuation of such mortgage servicing rights as determined by the Buyer in its good faith discretion, or (iii) a Third Party Evaluator's valuation of such mortgage servicing rights as determined by such Third Party Evaluator;... provided, that to the extend such Third Party Evaluator expresses the related valuation as a range of values, the MSR Valuation shall be deemed to be the lowest value assigned in such range. View More

MSR Valuation. The lesser of (i) the value of the mortgage servicing rights owned by the Borrower as set forth in the Borrower's most recent balance sheet as determined by the Borrower as of such date in accordance with GAAP, (ii) the Lender's valuation of such mortgage servicing rights as determined by the Lender, or (iii) a Third Party Evaluator's valuation of such mortgage servicing rights as determined by such Third Party Evaluator.