Release Fee Amount
Release Fee Amount. Shall mean, in connection with any Partial Release, an amount equal to (a) with respect to the Real Property Collateral identified as Store 591, Store 592, Store 593, Store 594, Store 595, Store 596, Store 597, Store 3159, Store 3514, Store 3823, Store 5621 and Store 632, the greater of (i) the amount shown on Exhibit B" attached hereto and made a part hereof, or (ii) the amount required for Borrower to maintain a one hundred percent (100%) loan-to-value ratio using (A) the aggregate value of...
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Found in
ARKO Corp. contract
Release Fee Amount. Shall mean, in connection with any Partial Release, an amount equal to the greater of (a) seventy percent (70%) of the most recent appraised value of such parcel of Real Property Collateral, as determined by Bank, or (b) the amount required for Borrower to maintain a one hundred percent (100%) loan-to-value ratio using (i) the aggregate value of all remaining Real Property Collateral, as determined by Bank, and (ii) the outstanding principal balance of the Loan (after giving effect to any such...
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Found in
ARKO Corp. contract