Appraisal Requirement. The RO must require CI appraisals for WA requests that establish insurability with submission deadlines after the SCD, unless the WA request is accepted and a WA offer is made by the RO before the crop is planted, or the RO does not require a CI appraisal for fall planted crops. The RO may also require CI appraisals when planting practices, farming practices, etc., may impact the production of the crop or for other situations as provided in (3) of this paragraph. When the RO identifies that a CI appraisal is required and the WA offer is made by the RO before the crop is planted, no CI appraisal is required for any field that was not planted on or before the date of the WA offer [unless the RO requires a CI appraisal in accordance with (3) of this paragraph]. The producer must sign and date a statement attesting that the field(s) was not planted on or before the date of the WA offer if the producer accepts the WA offer. When a CI appraisal is required, the RO will issue the WA offer unsigned and, if an acceptable CI appraisal showing all fields meet the potential yield in (1) of this paragraph is returned timely (see Para. 54 and 56) with the WA, the RO will sign and issue the approved WA to the AIP. If no fields on the WA offer meet the potential yield in (1) of this paragraph, the RO must withdraw the WA offer and provide arbitration rights in accordance with Subparagraph 63E. If an acceptable CI appraisal is returned timely with the WA, however some of the fields do not meet the potential yield in (1) of this paragraph, the RO will sign and issue a modified WA with no signature required containing only those fields that are insurable (the modified WA with no signature required shall not change the terms of the insurable fields that were offered on the original WA, and shall not contain an insured’s signature area as the insured’s signature from the original WA offer accepting the terms of the WA is binding). The cover letter for the modified approved WA will provide the reason that not all the fields on the originally issued WA are insurable. For the fields that do not meet the potential yield in (1) of this paragraph, the RO must withdraw the WA offer for those fields and provide arbitration rights in accordance with Subparagraph 63E.
Appraisal Requirement. If this agreement should call for a formal appraisal of the property then the “Shall” statement in Section XV must be selected and the maximum number of days given after the appraisal results are received to renegotiate the agreement (if necessary) should be documented where requested. XVII. Termination (52)
Appraisal Requirement. If the Company elects to have an appraisal performed for the purposes of determining the Appraised Value, such appraisal, and the resulting Appraised Value reflected therein, shall be updated no less frequently than every 24 months.
Appraisal Requirement. Promptly following the Second Amendment Effective Date, Administrative Agent will be entitled to obtain, at Borrower’s expense, an Acceptable Appraisal for each Property (or any portion thereof) included in the Borrowing Base. Thereafter, Administrative Agent will be entitled to obtain, and at the request of Required Lenders shall obtain, at Borrower’s expense a new Acceptable Appraisal of each Property (or any portion thereof) included in the Borrowing Base, but not more than once every twelve (12) months during the term of this Agreement; provided that, in addition to the foregoing, Administrative Agent will be entitled to obtain, at Borrower’s expense, additional Acceptable Appraisals of any such Property (or any portion thereof) if (i) an Event of Default exists, or (ii) an appraisal is required under applicable Law.
Appraisal Requirement. The Lender shall have received and approved an Appraisal of the Project made within ninety (90) days prior to the date of this Agreement or such earlier date as may be acceptable to the Lender, which appraises the Project at not less than $35,714,286, and (ii) demonstrates to the Lender’s reasonable satisfaction that the Commitment does not exceed the Maximum Loan Amount. The appraiser and Appraisal must be satisfactory to the Lender (including satisfaction of applicable regulatory requirements) and the appraiser must be engaged directly by the Lender or its counsel; and
Appraisal Requirement. Lender shall have received a written appraisal ---------------------- prepared in conformance with the requirements of the Comptroller of the Currency confirming to the satisfaction of Lender that the Loan amount as a percentage of the fair market value of the Property and Improvements (after adjustment for senior liens and regular and special taxes and assessments) does not exceed seventy-five percent (75%) ("Loan-to-Value Percentage"); provided, however, in -------- ------- the event such fair market value is not adequate to meet the required Loan-to-Value Percentage, then Borrower shall, within thirty (30) days after written demand from Lender, pay down the outstanding principal balance of the Loan such that said required Loan-to-Value Percentage may be met. 2.8 FULL
Appraisal Requirement. The RO must require CI appraisals for WA requests that establish insurability with submission deadlines after the SCD unless, the request for WA is accepted and a WA offer is made by the RO before the crop is planted, or the RO does not require a CI appraisal for fall planted crops. The RO may also require CI appraisals when planting practices, farming practices, etc., may impact the production of the crop or for other situations as provided in (3) of this paragraph. When a CI appraisal is required, the WA offer must be issued unsigned and, if an acceptable CI appraisal is returned with the WA, the RO will sign and issue the approved WA to the AIP. A CI appraisal must be performed in accordance with the procedures listed below.
Appraisal Requirement. Collateral Agent will be entitled to obtain, at Borrower’s expense, an Acceptable Appraisal for each Eligible Property (or any portion thereof). Thereafter, Collateral Agent will be entitled to obtain, and at the request of Required Lenders shall obtain, at Borrower’s expense, a new Acceptable Appraisal of each Eligible Property (or any portion thereof), but not more than once every twelve (12) months during the term of this Agreement (each, an “Annual Appraisal”); provided that, in addition to the foregoing, Collateral Agent will be entitled to obtain, at Borrower’s expense, (i) one appraisal update of any such Property in any twelve (12) month period (each, a “Periodic Appraisal”), and (ii) additional Acceptable Appraisals of any such Property (or any portion thereof) if (A) a Default or an Event of Default exists, or (B) an appraisal is required under applicable Law. Collateral Agent shall provide to Borrower, at Borrower’s expense, copies of each Annual Appraisal and Periodic Appraisal upon the Collateral Agent’s receipt thereof. Borrower may notify Collateral Agent of any objections to, or comments on, (1) any Annual Appraisal within a period of ten (10) days (or twenty (20) days in the case of any Eligible Properties which are part of a Complex Community) after Borrower’s receipt thereof for Collateral Agent’s consideration and (2) any Periodic Appraisal within a period of ten (10) days after Borrower’s receipt thereof for Collateral Agent’s consideration, it being understood and agreed in each case that Collateral Agent shall have the exclusive right in its sole discretion to approve any Acceptable Appraisals after the applicable period. Nothing herein shall prejudice or otherwise limit any rights of the Borrower and the Guarantors that are preserved under the Final Order or be deemed a defense thereto in connection with any determination of the valuation of the Eligible Properties.
Appraisal Requirement. Prior to the Effective Date, as a condition precedent to making the Loan, Lender shall have received a written appraisal prepared in conformance with the requirements of the Comptroller of the Currency confirming to the satisfaction of Lender that the Loan amount as a percentage of the as-is fair market value of the Property does not exceed seventy-five percent (75%) (“Loan-to-Value Percentage”).
Appraisal Requirement. Up to and including the Maturity Date, but no more --------------------- than annually, at Borrower's expense, Lender may require a written appraisal prepared in conformance with the requirements of the Comptroller of the Currency confirming to the satisfaction of Lender that the Loan amount as a percentage of the fair market value of the Property and Improvements (after adjustment for senior liens and regular and special taxes and assessments) does not exceed sixty five percent (65%) ("Loan-to-Value Percentage"); provided, however, in the event such fair ----------------- market value is not adequate to meet the required Loan-to-Value Percentage, then Borrower shall, within thirty (30) days after written demand from Lender, pay down the outstanding principal balance of the Loan such that said required Loan-to-Value Percentage may be met. The valuation date of such appraisal shall be within thirty (30) days of Lender's request. Any principal balance reduction shall reduce Lender's commitment by a like amount.
