Approved Appraisal definition

Approved Appraisal means, with respect to an Individual Property, an appraisal of such Individual Property (i) executed and delivered to Lender by a qualified MAI appraiser having no direct or indirect interest in such Individual Property or any loan secured in whole or in part thereby and whose compensation is not affected by the approval or disapproval of such appraisal by Lender; (ii) addressed to Lender and its successors and assigns; (iii) satisfying the requirements of the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation and Title XI of the Federal Institutions Reform, Recovery and Enforcement Act of 1989 and the regulations promulgated thereunder, all as in effect on the date of such calculation, with respect to such appraisal and the appraiser making such appraisal and (iv) otherwise satisfactory to Lender in all respects in Lender's sole discretion.

Approved Appraisal means an appraisal that has been reviewed by a review appraiser and approved by the Trust for use in determining the maximum approved purchase price that the Trust and the grant recipient will pay for property.

Approved Appraisal means an appraisal service that has been approved by the Chief Appraiser, Bureau of Appraisal, Division of State Lands, or designee as in compliance with USPAP, the Supplemental Standards, this chapter, and the specific assignment requirements.

Examples of Approved Appraisal in a sentence

• The Approved Appraiser delivering any Approved Appraisal shall be selected by the Agent.

• In the case of Rotables only, an inspection of the Rotables conducted as part of an Approved Appraisal shall mean an inspection of a sample of the Rotables by the Approved Appraiser for the purpose of determining the accuracy of the inventory reports maintained by the Company for the Rotables.

• The Funding Parties shall have received an Approved Appraisal of the Property, which Approved Appraisal shall be in form and substance satisfactory to the Funding Parties, the Arranger, and the Administrative Agent, shall not have been conducted more than 90 days before the Restatement Closing Date, and shall indicate the estimated fair market value of the Facility as of the Restatement Closing Date.

• In furtherance of and not in limitation of the foregoing, the Company shall pay all fees, costs and expenses incurred in obtaining the Approved Appraisal, the Environmental Assessment, the title policy referred to in Section 6.01(k), the certification to the Survey required by Section 6.01(i)] and the Related Contracts.

• In furtherance of and not in limitation of the foregoing, the Company shall pay all fees, costs and expenses incurred in obtaining the Approved Appraisal, the Environmental Assessment, the Title Policy or endorsement required by Section 6.01(j), the updated Survey or affidavit of no change required by Section 6.01(i) and the Related Contracts.

More Definitions of Approved Appraisal

Approved Appraisal means, on any date and with respect to any Property, a FIRREA-compliant appraisal of such Property. For purposes of this definition, the appraisal of any Property located in Europe shall be deemed to be FIRREA-compliant even if not conducted in accordance with U.S. FIRREA so long as (i) the appraiser of such Property is sufficiently independent to meet all applicable requirements under U.S. FIRREA with respect to appraiser independence and (ii) the Administrative Agent receives an opinion of counsel to the applicable Loan Party, in form and substance satisfactory to the Administrative Agent, stating that the valuation standards used in conducting such appraisal conform to the U.S. FIRREA standards.

Approved Appraisal has the meaning specified in Section 2.10 of the Credit Agreement.

Approved Appraisal has the meaning given such term in subsection 2.10.

Approved Appraisal means a written appraisal (a) prepared by a qualified professional independent MAI appraiser selected by the Administrative Agent and who is not an employee of any member of the Consolidated Group or any of their Affiliates, the Administrative Agent or any Lender and (b) reasonably acceptable to the Administrative Agent as to form, assumptions, substance and appraisal date.

Approved Appraisal any appraisal, ordered by the Lessor, but at the Company’s cost, from an appraiser or appraisers reasonably acceptable to the Lessor, Arranger (with respect to the Approved Appraisal required for the Restatement Closing Date), and the Agent, which: (i) complies with Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended, 12 U.S.C. 3331, et seq., and The Regulations and Statements of General Policy on Appraisals promulgated by the Federal Deposit Insurance Corporation, 12 C.F.R. Part 32, as amended, (ii) is performed by a state-certified real estate appraiser certified under the laws of any State, (iii) reflects the Market Value of the Facility, and (iv) estimates the Market Value of the Facility as of the expiration of the Basic Term.

Approved Appraisal means, on any date and with respect to any Property (on an individual, as opposed to portfolio value, basis), an “as is” appraisal of the related Property, that is (a) conducted in accordance with the then current edition of the RICS Appraisal and Valuation Standards or European equivalent, (b) in form and substance, and prepared by an independent appraisal firm, reasonably acceptable to the Administrative Agent and (c) dated within one year of such date.

Approved Appraisal any appraisal, ordered by the Agent, but at ------------------ the Company's cost, from an appraiser or appraisers reasonably acceptable to the Agent, which: (i) complies with Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended, 12 U.S.C. 3331, et -- seq., and The Regulations and Statements of General Policy on Appraisals --- promulgated by the Federal Deposit Insurance Corporation, 12 C.F.R. Part 32, as amended, (ii) is performed by a state-certified real estate appraiser certified under the laws of any State, (iii) reflects the Market Value of the Facility on an "as completed" basis, and (iv) estimates the Market Value of the Facility as of the expiration of the Basic Term.