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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

Each Qualified Appraisal Valuation and Desktop Appraisal shall be addressed to Administrative Agent, and explicitly state that that such Qualified Appraiser Valuation or Desktop Appraisal was commissioned by Borrower or one of its Affiliates for the benefit of Administrative Agent, acting on behalf of the Lenders under this Agreement.
The Equipment being purchased with the proceeds of such Borrowing, or that has previously been purchased and is supporting such Borrowing, shall constitute Qualified Equipment and Administrative Agent shall have received a Qualified Appraiser Valuation with respect to such Qualified Equipment, as well as a Reliance Letter with respect to such Qualified Appraiser Valuation, each in form and substance reasonably satisfactory to Administrative Agent and the Lenders.
If Tenant fails to so notify Landlord, Tenant shall be deemed to have accepted Landlord’s Appraiser.
Administrative Agent shall have received a Qualified Appraiser Valuation as of the Closing Date, as well as a Reliance Letter with respect to such Qualified Appraiser Valuation, each in form and substance reasonably satisfactory to Administrative Agent and the Lenders.

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).