Appraisal of Property. Buyer's obligation to purchase the Property [ ] IS [X ] IS NOT conditioned upon the Property appraising for not less than the Purchase Price. If the appraisal condition applies and the Property appraises for less than the Purchase Price, Buyer may cancel this Contract by providing written notice to Seller no later than three calendar days after Buyer's receipt of notice of the appraised value. In the event of such cancellation, the Xxxxxxx Money Deposit shall be released to Buyer, regardless of whether such cancellation is before or after the Xxxxxxx Money Forfeiture Deadline. A failure to cancel as provided in this Section 2.4 shall be deemed a waiver of the appraisal condition by Buyer.
Appraisal of Property. [Insert either: “Within [30] days after the Effective Date” or “Within [30] days after receipt of a written request from EPA” or “Prior to any sale of the Property”], Settling Party shall submit to EPA the names of one or more appraisers. The appraisers identified shall be certified to meet the Uniform Standards of Professional Appraisal Practice by a nationally recognized organization of professional real estate appraisers. EPA may, within [30] days thereafter, disapprove the proposed appraiser(s). If all proposed appraisers are disapproved by EPA, Settling Party shall, within [15] days after such disapproval, submit names of additional appraisers, which shall be subject to EPA’s disapproval as provided above. Any appraisers not disapproved by EPA shall be deemed to be approved. Settling Party shall, within [60] days after the deadline for EPA’s disapproval of the proposed appraisers, obtain an appraisal of the Property. The appraisal shall be performed by any appraiser deemed to be approved. Settling Party shall be responsible for all appraisal fees. Settling Party shall submit a copy of the appraisal to EPA. If the Property is not sold within one year of the date of the appraisal, and if EPA so requests, Settling Party shall obtain a new appraisal of the Property, in accordance with this Paragraph. [NOTE: If the appraisal is unusually expensive or if the Property is difficult to value, the Region may omit the appraisal requirement.] Maintenance of the Property. Until the Property is sold, Settling Party shall, at its own expense: (i) maintain and make necessary repairs to the Property; (ii) keep the Property insured against loss from casualty and liability; (iii) timely pay or cause to be paid all real property taxes; and (iv) timely pay all water and sewer bills regarding the Property. [NOTE: Insert the following subparagraph if you expect rental income from the Property and that income was not considered in assessing Settling Party’s ability to pay EPA’s response costs.] [Rental Income. Rental income from the Property may be used to pay expenses described in Paragraph 16.b (Maintenance of Property). [All / __% of the] rental income earned from the date of Settling Party’s signature on this Settlement Agreement until the sale of the Property to the extent not required to pay the expenses described in Paragraph 16.b shall be deemed to be proceeds from the sale of the Property and shall be disbursed pursuant to Paragraph 16.g. Settling Party shall not en...
Appraisal of Property. It is not commercially or reasonably practicable for either party to predict changes or alterations that may be included in future appraisals of the Property. As such, both parties acknowledge that the Property may not appraise at the same value as set forth in the Initial Appraisal or the Option Price. In the event that, at any time, the Property does not appraise in an amount above or equal to the Initial Appraisal and/or the Option Price, then the Landlord/Optionor may negotiate the Option Price at the time of purchase.
Appraisal of Property. Borrowers shall have provided to Lender an appraisal of the Property in form and substance acceptable to Lender within 30 days after Borrower's execution of this Agreement.
Appraisal of Property. Buyer’s obligation to purchase the Condominium is not conditioned upon an appraisal of the Condominium.
Appraisal of Property. Buyer’s obligation to purchase the Property [ ] IS [ ] IS NOT contingent upon the Property appraising for not less than the Purchase Price. If the appraisal contingency applies and the Property appraises for less than the Purchase Price, Buyer may cancel this Contract by providing written notice to Seller no later than three calendar days after Buyer’s receipt of notice of the appraised value. In the event of such cancellation, the Xxxxxxx Money Deposit shall be released to Buyer. A failure to cancel as provided in this Section 2.4 shall be deemed a waiver of the appraisal contingency by Buyer.
Appraisal of Property. The Commission shall proceed to secure ap- praisals of all property at the community which is to be sold pursuant to this chapter. The ap- praisals shall be made by the Secretary of Hous- ing and Urban Development or his designee. The Secretary of Housing and Urban Development shall be reimbursed from the Community Dis- posal Operations Fund for the cost of such ap- praisals. Appraisals made under this section shall be the appraisals on which the Secretary of Housing and Urban Development may insure any mortgage or loan under the National Housing Act [12 U.S.C. 1701 et seq.] until such time as he finds that the appraisal values generally in the community no longer represent the fair market values of the properties. (Aug. 4, 1955, ch. 000, xx. 0, § 00, 00 Xxxx. 000; Pub.
Appraisal of Property. Grantor agrees that Beneficiary may if an event of a default is then continuing, this Deed of Trust, obtain, at Grantor's expense, an appraisal of the property herein described from an appraiser acceptable to Beneficiary. Grantor shall pay the expense of such appraisal to Beneficiary upon demand and failure to pay such expense shall constitute an event of default under the Note and this Deed of Trust.
Appraisal of Property. At the discretion of the Subrecipient, the fair market value of the Project Property will be obtained using the average price of the homes from the Zillow home valuation database, and the Xxxxx County Assessor’s office data or a certified home appraisal conducted by licensed appraiser. When deemed necessary by the City and/or the Subrecipient, Subrecipient will procure and pay for a market value appraisal for each Project Property approved for financial assistance as required under Section III of this Agreement, and Section C(1)(e) of the Project Description, ascertaining the fair market value of the rehabilitated Project Property, a copy of which has been provided to the City.
Appraisal of Property to cause a Valuation Report within 60 days ---------------------- after the receipt of TOP, at the Borrower's cost and expense;
