Sale Value.
Means, with With respect to
all or any
Collateral, portion of the Real Properties, the value thereof (expressed in U.S. Dollars) as proposed by the Administrative Agent and agreed to by the
Chargor, Mortgagor, provided that in
-------- the event that the
Chargor Mortgagor shall not
-------- have agreed to any such proposal within 5 days thereof, the value ascribed
to the Collateral thereto by the
Chargor Mortgagor in its latest calculation of the value thereof (expressed in U.S. Dollars) for
... purposes of demonstrating that there is no Default under paragraph (xxi) of the defined term "Event of Default" contained in each of the Notes, to the extent agreed to by the Administrative Agent for purposes of determining "Sale Value", further provided that in the event that ------- -------- the Administrative ------- -------- Agent shall not agree to any such value ascribed thereto by the Chargor, Mortgagor, the maximum value thereof (expressed in U.S. Dollars) determined by any independent valuation expert of recognized standing selected by the Administrative Agent using any reasonable method as would, in the reasonable judgment of such expert, allow for either of the following to occur, in accordance with the other terms and conditions of this Agreement, within no more than three months of the date such expert sends notice of the amount of such valuation to each of the Administrative Agent and the Chargor: Mortgagor: (i) the sale or other disposition of such Collateral, thereof, or (ii) the entry by the Administrative Agent into an agreement with a reputable and financially sound third party for the purchase or assignment of such Collateral thereof by such third party within no more than three months of the date of such agreement.
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Sale Value. Means, with respect to any
Collateral, Accounts Receivables, the value thereof (expressed in U.S. Dollars) as proposed by the
Administrative Collateral Agent and agreed to by the Chargor, provided that in
-------- the event that the Chargor shall not have agreed to any such proposal within
5 five (5) days thereof,
the value ascribed to the Collateral by the Chargor in its latest calculation of the value thereof (expressed in U.S. Dollars) for purposes of demonstrating that there is no Default... under paragraph (xxi) of the defined term "Event of Default" contained in the Notes, to the extent agreed to by the Administrative Agent for purposes of determining "Sale Value", further provided that in the event that the Administrative ------- -------- Agent shall not agree to any such value ascribed thereto by the Chargor, the maximum value thereof (expressed in U.S. Dollars) determined by any independent valuation expert of recognized standing selected by the Administrative Collateral Agent using any reasonable method as would, in the reasonable judgment of such expert, allow for either of the following to occur, in accordance with the other terms and conditions of this Agreement, within no more than three (3) months of the date such expert sends notice of the amount of such valuation to each of the Administrative Collateral Agent and the Chargor: (i) the sale or other disposition assignment of such Collateral, Accounts Receivables, or (ii) the entry by the Administrative Collateral Agent into an agreement with a reputable and financially sound third party for the purchase or assignment of such Collateral Accounts Receivables by such third party within no more than three months of the date of such agreement.
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