Define: Mortgage Value

How is Mortgage Value defined in a legal contract?

• Mortgage Value means the smallest value between the maximum limit secured by the lien on a specific real property parcel, and the value of that property parcel as evaluated in the final appraisal.
  Seen in 25 SEC filings.
• Mortgage Value means the amount with respect to each certificate and each whole loan, as defined in the acquisition and operating policy, provided that the mortgage value of any certificate or whole loan cannot exceed its outstanding principal balance.
  Seen in 6 SEC filings.
• Mortgage Value means the lower of the maximum secured amount by lien on a real property parcel, and the value of that parcel as determined in the most recent appraisal, evaluated to the administrative agent basis.
  Seen in 5 SEC filings.
• Mortgage Value means the value of a real property parcel as determined in the most recent appraisal, evaluated to the administrative agent “as is” basis.
  Seen in 4 SEC filings.
• Mortgage Value means the smallest value between the maximum amount secured by the Lien on any real property parcel and the value of such parcel provided by the relevant mortgage.
  Seen in 2 SEC filings.
• Mortgage Value means the smallest value between the maximum amount secured by lien on an eligible mortgaged real property parcel and the value of such parcel as shared in the final appraisal or, in the case of any parcel listed on Part I of [schedule], the appraisal value provided until a final appraisal is delivered.
  Seen in 2 SEC filings.
• Mortgage Value means the greatest value between the maximum amount secured by Lien on any real property parcel and the fair market value of the property as determined by the administrative agent based on the delivered property appraisal.
  Seen in 2 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of mortgage value’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Mortgage Value means the lesser between the maximum secured amount and the appraised property value.

Relevant Contract Types

• Mortgage Agreements
• Loan Agreements
• Debt Restructuring Agreements
• Secured Transaction Agreements
• Refinance Agreements

Relevant Circumstances

• When a property owner is seeking a loan for a property
• When refinancing a property
• When restructuring a debt
• When a property is being used as collateral for a loan
• In secured transactions involving real property

Relevant Sectors

• Real Estate
• Banking
• Financial Services
• Property Management
• Insurance

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Genie Definition 2

• Mortgage Value means the written down value of a property parcel determined by an appraisal on an “as is” basis.

Relevant Contract Types

• Property Sales Agreements
• Property Purchase Agreements
• Commercial Lease Agreements
• Real Estate Partnership Agreements
• Estate Planning Documents

Relevant Circumstances

• When purchasing or selling a property
• When leasing a property
• When entering into a real estate partnership
• When planning an estate

Relevant Sectors

• Real Estate
• Property Management
• Legal Services
• Financial Planning

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