Independent Appraisal means a document executed by an Independent Appraiser setting forth the Appraised Value of the item of equipment being appraised and the data and explanation, all in reasonable detail, supporting such Appraised Value.
Independent Appraisal means a value assessment of rent and lease costs for a charter school facility completed and signed by a Certified Real Estate Appraiser or Certified General Appraiser licensed by the California Department of Real Estate Appraisers who confirms that the appraisal is in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP).
Independent Appraisal means the procedure specified above for determining Fair Market Rental Value.
Examples of Independent Appraisal in a sentence
The rent or lease costs of New Facility Agreements are at or below Fair Market Rent based on an Independent Appraisal as described in Section 10170.6(d) and paid for by the Applicant.
Otherwise, the Authority will request an Independent Appraisal completed within the Fiscal Year.
If the Independent Appraisal finds the rent and lease costs above the Fair Market Rent, the costs will be based on Fair Market Rent as determined by the Independent Appraisal.
The Ameriquest Parties shall comply with the independence standards set forth in the October 28, 2003, Independent Appraisal and Evaluation Functions statement by the Office of the Comptroller of the Currency, Federal Reserve Board of Governors, Federal Deposit Insurance Corporation, Office of Thrift Supervision and National Credit Union Association, as amended from time to time.
The required fair value of collateral is determined in accordance with the business policy.Appraisal and monitoring of any type of surety are mandatory and it is performed in line with the Policy of credit risk mitigation by credit protection instruments.Appraisal is performed by an Independent Appraisal acceptable for the Bank.
More Definitions of Independent Appraisal
Independent Appraisal means an appraisal mutually agreed to by two nationally recognized independent aircraft appraisers, one of which appraisers shall be chosen by Lessor and one by Lessee, or, if such appraisers cannot agree on such appraisal, an appraisal arrived at by a third nationally recognized independent aircraft appraiser chosen by the mutual consent of such two appraisers; provided that if either party shall fail to appoint a nationally recognized independent aircraft appraiser within 15 days after a written request to do so by the other party, the “Independent Appraisal” shall be the appraisal rendered by the appraiser that has been appointed; provided, further, that if both Lessor and Lessee appoint nationally recognized independent aircraft appraisers but such appraisers cannot agree on an appraisal and fail to appoint a third nationally recognized independent aircraft appraiser within 20 days after the date of the appointment of the second of such appraisers, then either party may apply to the American Arbitration Association to make such appointment. In the event such third independent appraiser shall be chosen to provide such appraisal, unless the parties agree otherwise, such appraisal shall be required to be made within 20 days of such appointment. Notwithstanding the foregoing, if an Independent Appraisal is used to determine the Fair Market Rental Value for the purposes of Section 21 of the Lease, the time periods set forth in the two preceding sentences shall be shortened to the extent necessary to allow the Fair Market Rental Value to be determined within 30 days after Lessee provides its revocable notice of its intent to renew the Lease pursuant to Section 21 of the Lease. Notwithstanding the foregoing, if an Independent Appraisal is used to determine the Fair Market Rental Value and/or Fair Market Sales Value for the purposes of Section 15 of the Lease, an Independent Appraisal shall be an appraisal prepared by Ascend Worldwide Limited, BK Associates, Inc., AVITAS, Inc. or another nationally recognized independent aircraft appraiser chosen in good faith by Owner Participant. The fees and expenses of appraisers for an Independent Appraisal, whenever undertaken pursuant to the Lease, shall be borne equally by Lessor and Lessee, and Lessor and Lessee each shall separately bear any fees, costs and expenses of its respective attorneys and experts (other than the appraisers referred to above) incurred in connection with such Independent Appraisal, except that...
Independent Appraisal means an engagement for which an appraiser is employed or retained to act as a disinterested third party in rendering an unbiased analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified interests in or aspects of identified real estate.
Independent Appraisal means a determination of Fair Market Rental Value of the Aircraft by two independent aircraft appraisers, selected by Lessor, the costs and expenses of the appraisal to be paid by Lessee.
Independent Appraisal means a report to the Regulator, by an appropriately qualified person engaged by the Licensee with the approval of the Regulator, in respect of a report;
Independent Appraisal means the process for determining a Purchase Price in accordance with Section 15.5.
Independent Appraisal means an appraisal mutually agreed to by two internationally recognized independent aircraft appraisers, one of whom shall be chosen by the Lessor and one by the Lessee, or, if such appraisers cannot agree on the amount of such appraisal, an amount equal to the average of such two appraisals and a third appraisal of a third internationally recognized independent aircraft appraiser chosen by the mutual consent of such two appraisers, and paid for by the Lessee, provided that, if either party shall fail to appoint an appraiser within ten (10) days after a written request to do so by the other party, or if such two appraisers cannot agree on the amount of such appraisal and fail to appoint a third appraiser within ten (10) days after the date of the appointment of the second of such two appraisers, then either party may, within ten (10) days after such event, apply to any court having jurisdiction to make such appointment; provided further, however, that in calculating such average any appraisal which has a greater than fifteen percent (15%) variance above or below the second highest of the three appraisals shall be disregarded. Such appraisers shall be directed and required to reach a determination within ten (10) days of the appointment of the third appraiser.
Independent Appraisal means, in establishing the appraised value, (i) the appraised value of a specific assessed parcel or assessed parcels, as applicable, in a specific Future Improvement Area for which the Future Improvement Area Bonds are to be issued as established by publicly available data from the Rockwall Central Appraisal District, (ii) an "as-complete" appraisal delivered by an independent appraiser licensed in the State, which appraisal shall assume completion of the Future Improvement Area Improvements to be funded with the Future Improvement Area Bonds, (iii) a certificate delivered to the City by a qualified independent third party (a licensed appraiser, appraisal firm or Independent Financial Consultant) certifying on an individual lot typebasis, the value of each lot in the Future Improvement Area, as applicable, for which such Future Improvement Area Bonds are to be issued based on either (x) the average gross sales price (which is the gross amount including escalations and reimbursements due to the seller of the lots) for each lot type based on closings of lots in the Future Improvement Area for which such Future Improvement Area Bonds are to be issued or any preceding Improvement Areas of the District for which bonds have been issued to fund Authorized Improvements or (y) the sales price in the actual lot purchase contracts in the Future Improvement Area for which the Future Improvement Area Bonds are to be issued.