Allocable Facility Amount
For a Credit FacilityCredit FacilityStructured Transaction governed by a Master Credit Facility Agreement requiring Mortgage Loans and Properties to be cross-defaulted, and cross-collateralized., the amount of debt allocated to a given PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code)., used in calculating tests for collateral activity such as releases, substitutions, and additions.
Synonyms
Allocable Facility Amounts