Appraiser definition

Appraiser. An Independent nationally recognized professional commercial real estate appraiser who (i) is a member in good standing of the Appraisal Institute, (ii) if the state in which the related Mortgaged Property is located certifies or licenses appraisers, is certified or licensed in such state, and (iii) has a minimum of five years’ experience in the related property type and market.

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Appraiser shall have the meaning assigned to such term in the Servicing Agreement.

Appraiser means an independent appraiser, selected by the Servicer, as applicable, that is a member in good standing of the Appraisal Institute and that is certified or licensed in the state in which the Mortgaged Property is located, and who has a minimum of five (5) years’ experience in the appraisal of comparable properties in the geographic area in which such Mortgaged Property is located.

Examples of Appraiser in a sentence

Neither the TRG Member (or any of its Affiliates or representatives), nor the Anywhere Member (or any of its Affiliates or representatives, including the Company) will engage in any ex parte communications with the Appraiser.
The determination of the Appraiser shall be made within thirty (30) days following the referral of the disputed matters to the Appraiser, and absent any manifest error or fraud, such determination shall be final and binding on the parties.
The Appraiser shall offer the TRG Member and the Anywhere Member the opportunity to provide written submissions regarding their positions on the disputed matters, which written submissions shall be provided to the Appraiser, if at all, no later than ten (10) Business Days after the date the Appraiser was retained to resolve the disputed matters.
If the Anywhere Member and the TRG Member are unable to resolve all such disagreements on or before the expiration of the Resolution Period, the TRG Member and the Anywhere Member shall promptly retain and enter into an engagement letter with the Appraiser within ten (10) days following the expiration of the Resolution Period to resolve all such disagreements, who shall adjudicate only those items still in dispute.
The Appraiser will act as an expert and not an arbitrator and will determine only those unresolved disputed items that have been submitted to the Appraiser by the parties.

More Definitions of Appraiser

Appraiser means a nationally recognized or major regional investment banking firm or firm of independent certified public accountants of recognized standing.

Appraiser means a Person engaged in the business of appraising property or otherwise qualified to pass upon the Fair Value or fair market value of property.

Appraiser means an individual licensed under article 26 of the occupational code, 1980 PA 299, MCL 339.2601 to 339.2637.

Appraiser means Deloitte & Touche LLP Valuation Group.

Appraiser means a firm of internationally recognized, independent aircraft appraisers.

Appraiser means the Person who prepared the Appraisal.

Appraiser has the meaning set forth in Section 3.3(b).