Common use of Valuation Reports Clause in Contracts

Valuation Reports. The Borrower shall, in relation to each calendar year, within 90 days after the end of that calendar year, supply to the Agent a Valuation Report, with such Valuation Report specifying: (a) the value (on an “as is” basis) of the Properties; (b) the value (on an “as is” basis) of the Retail Properties; (c) the fire reinstatement value of the Properties; and (d) the fire reinstatement value of the Retail Properties, in each case, dated not earlier than 10 Business Days prior to the date of delivery.