Subsequent Appraisals Sample Clauses

Subsequent Appraisals. Company will immediately upon demand reimburse Bank for the cost and expense of any appraisal of the Project obtained by Bank on or after the date hereof if such appraisal is obtained by Bank pursuant to the requirements of any law, statute, rule, regulation, interpretive ruling, opinion, or directive of any state or federal governmental agency or unit governing, regulating, or controlling the activities of Bank, whether now existing or hereafter enacted.
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Subsequent Appraisals. After the Second Closing, should Lenders be required by any regulatory authority to obtain updated appraisals, Borrower agrees to cooperate with Lenders and Lenders' appraiser in obtaining these appraisals and Borrower shall pay the reasonably necessary costs of such appraisals.
Sample 1
Subsequent Appraisals. The Agent may also, for the purpose of determining the current Asset Value of any Project or Other Projects of Borrower or Guarantors obtain additional or interim Appraisals updating and revising prior Appraisals with respect to any Project or Other Projects (i) in any event not later than after twelve (12) months from the date of the commission of the preceding Appraisal, (ii) at any time, at the Agent’s commercially reasonable discretion; provided no Default or Event of Default exists, Borrower shall not be required to pay for Appraisals from and after the Effective Date obtained pursuant to this subsection (ii) more frequently than once every twelve (12) months, or (iii) at any time following a condemnation of more than an immaterial portion of any Project (as reasonably determined by the Agent) or any material adverse change with respect to any Project (provided that such Appraisal shall be limited to the affected Project). Subject to the limitation set forth in the immediately preceding sentence, the expense of such Appraisals and updates performed pursuant to this §5.2 shall be at the cost of Borrower.
Sample 1
Subsequent Appraisals. The Agent may also obtain additional Appraisals updating and revising prior Appraisals with respect to the Project from time to time. Any such Appraisal shall be at the cost of Borrower; provided that unless a Default or an Event of Default has occurred Borrower shall not be required to pay for more than one Appraisal a year.
Sample 1
Subsequent Appraisals. The Administrative Agent may also from time to time, for the purpose of determining the current Appraised Value of any Borrowing Base Property with respect to which an Appraisal has previously been obtained under this Section 4.7, obtain interim Appraisals updating and revising prior Appraisals with respect to such Borrowing Base Property or such portion thereof as the Administrative Agent shall determine (i) upon the occurrence of an Event of Default, (ii) at any time, at the Administrative Agent’s discretion, with respect to a particular parcel of Borrowing Base Property, upon the occurrence of a material adverse change as reasonably determined by the Administrative Agent, or (iii) at any time that the regulatory requirements of any Lender generally applicable to real estate loans of the category made under this Agreement shall require additional Appraisals, as reasonably interpreted by the Administrative Agent, unless the Appraisals are required due to the failure by any Lender to comply with applicable regulatory requirements (other than regulatory requirements relating to Appraisals concerning this Agreement or the Borrowing Base Property), in which case such Appraisals shall be at the cost of such Lender. The expense of such Appraisals and updates performed pursuant to this Section shall be at the cost of the Borrower and shall be paid within 30 days of demand from the Administrative Agent.
Sample 1
Subsequent Appraisals. The Licensor hereby agrees to accept the Royalty Rate set forth in the Initial Appraisal. The Licensor may, but shall not be required to, obtain, at its own cost, subsequent Appraisals. If a subsequent Appraisal's Royalty Rate differs from such rate in the most recent Appraisal by more than 5%, Licensee shall pay the cost of such subsequent Appraisal. Each Party shall promptly furnish a copy of any Appraisal to the other Party.
Sample 1

Related to Subsequent Appraisals

  • Appraisals An appraisal of the related Mortgaged Property was conducted in connection with the origination of the Mortgage Loan, which appraisal is signed by an appraiser, who, to the Mortgage Loan Seller's knowledge, had no interest, direct or indirect, in the Mortgaged Property or the Borrower or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan; in connection with the origination of the Mortgage Loan, each appraiser has represented in such appraisal or in a supplemental letter that the appraisal satisfies the requirements of the "Uniform Standards of Professional Appraisal Practice" as adopted by the Appraisal Standards Board of the Appraisal Foundation.

  • Performance Appraisals 3201 The Employer shall complete a written appraisal of a nurse's performance at least bi-annually. Upon request, the nurse shall be given an exact copy of the appraisal. 3202 The nurse shall have an opportunity to read such document. 3203 The nurse's signature on such document merely signifies that the contents of the document have been read. 3204 If the nurse disputes the appraisal, she/he may file a reply to the document in accordance with Article 29, and/or she/he may file a grievance under Article 12 of this Agreement.

  • Inspections; Appraisals (a) Permit Agent from time to time, subject (except when a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s or Subsidiary’s books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Borrower’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lenders may participate in any such visit or inspection, at their own expense. Neither Agent nor any Lender shall have any duty to any Borrower to make any inspection, nor to share any results of any inspection, appraisal or report with any Borrower. Borrowers acknowledge that all inspections, appraisals and reports are prepared by Agent and Lenders for their purposes, and Borrowers shall not be entitled to rely upon them.

  • Performance Appraisal The Executive’s performance may be evaluated by the Board of Directors or the Committee from time to time. The Executive shall be entitled to such additional remuneration, including but not limited to annual bonuses based on performance, as the Board of Directors or the Committee may, in its discretion, determine from time to time.

  • Project Completion The Project and the Work are complete.

  • Project Completion Date It is agreed between the Parties that the Project Completion Date is <END DATE, YEAR>. If the Project is not completed by such date then, subject to an amendment agreed to between the Parties, Alberta Innovates may elect to terminate this Investment Agreement. In such event, Alberta Innovates will notify the Applicant of its decision to terminate as soon as reasonably practical and shall advise the Applicant of the effective date of termination. Alberta Innovates will have no liability or obligation to reimburse the Applicant for any Project Costs incurred after the effective date of termination and may require the Applicant to return any portions of the Investment which were spent on Ineligible Expenses. Additionally, any portion of the Investment not used and accounted for in accordance with this Agreement as of the Project Completion Date or earlier termination is repayable by the Applicant to AI at AI’s request.

  • Appraised Value If an Objecting Party objects in writing to the Initial Valuation within ten (10) days after its receipt of the Valuation Notice, the Objecting Party, within fourteen (14) days from the date of such written objection, shall engage an Independent Appraiser (the “First Appraiser”) to determine within thirty (30) days of such engagement the Fair Market Value of the Partnership Interests (the “First Appraised Value”). The cost of the First Appraiser shall be borne by the Objecting Party. If the First Appraised Value is at least eighty percent (80%) of the Initial Value and less than or equal to one hundred twenty percent (120%) of the Initial Value, then the Purchase Price shall be the average of the Initial Value and the First Appraised Value. If the First Appraised Value is less than eighty percent (80%) of the Initial Value or more than one hundred twenty percent (120%) of the Initial Value, then the Partnership and the Objecting Party shall, within fourteen (14) days from the date of the First Appraised Value, mutually agree on and engage a second Independent Appraiser (the “Final Appraiser”). The cost of the Final Appraiser shall be borne equally by the Partnership and the Objecting Party. The Final Appraiser shall determine within thirty (30) days after its engagement the Fair Market Value of the Partnership Interests, but if such determination is less than the lesser of the Initial Value and the First Appraised Value then the lesser of the Initial Value and the First Appraised value shall be the value or if such determination is greater than the greater of the Initial Value and the First Appraised Value then the greater of the Initial Value and the First Appraised Value shall be the value (the “Final Valuation”). The Purchase Price shall be equal to the Final Valuation and shall be final and binding upon the parties to this Agreement for purposes of the subject transaction.

  • Leave for Writing Examinations Leave of absence with pay shall be granted to allow employees time to write examinations for courses approved by the Employer. Employees shall advise the Employer of the time and place of the examination when they are made aware of the time and place.

  • Phase I a. In Phase I, the project will be connected as a tap to the Transmission Owner’s 230kV transmission line MWP-2 via one 230kV circuit breaker in series with one of two ring bus breakers for stuck breaker protection (one in each direction) and a tie-line breaker, as shown on the one-line diagram labeled CL-E-IA-01 attached to this Appendix A as Figure 1. The changes to the existing MWP-2 line protection for this arrangement are described in Phase I System Upgrades in Section II of this Appendix A.

  • Appraisal The Mortgage File contains an appraisal of the related Mortgaged Property with an appraisal date within 6 months of the Mortgage Loan origination date, and within 12 months of the Cut-off Date. The appraisal is signed by an appraiser that (i) was engaged directly by the originator of the Mortgage Loan or the Mortgage Loan Seller, or a correspondent or agent of the originator of the Mortgage Loan or the Mortgage Loan Seller, and (ii) to the Mortgage Loan Seller’s knowledge, had no interest, direct or indirect, in the Mortgaged Property or the Mortgagor or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan. Each appraiser has represented in such appraisal or in a supplemental letter that the appraisal satisfies the requirements of the “Uniform Standards of Professional Appraisal Practice” as adopted by the Appraisal Standards Board of the Appraisal Foundation.

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