Common use of Appraisals; Adjusted Value Clause in Contracts

Appraisals; Adjusted Value. (a) In the event that Borrower elects to extend the Maturity Date as provided in §2.11, then the Agent may on behalf of the Lenders (either in connection with any such extension or at any time thereafter) obtain a current Appraisal or an updated Appraisal of the Mortgaged Properties. Said Appraisal will be ordered by Agent and reviewed and approved by the appraisal department of the Agent, in order to determine the current Appraised Value of the Mortgaged Properties, and the Borrower shall pay to Agent within fifteen (15) days of demand all reasonable costs of such Appraisal.

Appraisals; Adjusted Value. (a) In the event that Borrower elects to extend the Maturity Date as provided in §2.11, then the Agent may on behalf of the Lenders (either in connection with any such extension or at any time thereafter) obtain a current Appraisal or an updated Appraisal of the Mortgaged PropertiesThree Xxxxxxxx Place. Said Appraisal will be ordered by Agent and reviewed and approved by the appraisal department of the Agent, in order to determine the current Appraised Value of the Mortgaged PropertiesThree Xxxxxxxx Place, and the Borrower shall pay to Agent within fifteen (15) days of demand all reasonable costs of such Appraisal.

Appraisals; Adjusted Value. (a) In the event that the Borrower elects to extend the Maturity Date as provided in §2.112.12, then the Agent may on behalf of the Lenders (either in connection with any such extension or at any time thereafter) ), in its reasonable discretion, obtain a current Appraisal or an updated Appraisal updates to existing Appraisals of each of the Mortgaged PropertiesBorrowing Base Assets. Said Appraisal updated Appraisals will be ordered by the Agent and reviewed and approved by the appraisal department of the Agent, in order to determine the current Appraised Value of the Mortgaged Properties, and the Borrower shall pay to such appraiser, promptly upon delivery to the Borrower by the Agent within fifteen (15) days of demand an invoice from such appraiser, all reasonable costs of such AppraisalAppraisals and any expenses relating thereto.

Appraisals; Adjusted Value. (a) In the event that Borrower elects to extend the Maturity Date as provided in §2.112.12, then the Agent may on behalf of the Lenders (either in connection with any such extension or at any time thereafter) obtain a current Appraisal or an updated Appraisal of the Mortgaged Properties. Said Appraisal will be ordered by Agent and reviewed and approved by the appraisal department of the Agent, in order to determine the current Appraised Value of the Mortgaged Properties, and the Borrower shall pay to Agent within fifteen (15) days of demand all reasonable costs of such Appraisal.