Reappraisals. The Bank may demand, and the Trust shall be obligated to cause, reappraisal of any specific real property constituting security for the collateral hereunder at any time the Bank in good faith believes or the Trust has reason to believe that an existing appraisal is not representative of the true value of such property. Such reappraisals shall be made by an Appraiser and furnished to the Bank within a reasonable time after the Trust makes such determination, or the Bank makes such request, and same shall be made at the expense of the Trust.
Appears in 3 contracts
Samples: Loan Agreement (Church Loans & Investments Trust), Loan Agreement (Church Loans & Investments Trust), Loan Agreement (Church Loans & Investments Trust)
Reappraisals. The Bank may demand, and the Trust shall be obligated to cause, reappraisal of any specific real property constituting security for the collateral hereunder at any time the Bank in good faith believes or the Trust has reason to believe that an existing appraisal is not representative of the true value of such property. Such reappraisals shall be made by an Appraiser and furnished to the Bank within a reasonable time after the Trust makes such determination, or the Bank makes such request, and same shall be made at the expense of the Trust.
Appears in 1 contract
Samples: Loan Agreement by And (Church Loans & Investments Trust)
