Examples of Approved Appraisal Firm in a sentence
With respect to any Collateral Obligation beneficially owned by the Issuer, the value of such Collateral Obligation, as determined by the applicable Approved Appraisal Firm, as set forth in the related appraisal (or, if a range of values is set forth therein, the midpoint of such values).
With respect to any Collateral Loan, the value (determined in Dollars) of either (A) such Collateral Loan or (B) the assets securing such Collateral Loan, net of estimated costs of their liquidation as determined by the applicable Approved Appraisal Firm, in each case as set forth in the related Appraisal or, if a range of values is set forth therein, the midpoint of such values.
The Fair Value for any Collateral Loan reviewed by an Approved Appraisal Firm shall be the lesser of the valuation estimated by such firm and the valuation estimated by the Borrower’s managers or the Collateral Manager pursuant to policies and procedures approved by the Borrower’s managers.
With respect to any Collateral Obligation, the value of such Collateral Obligation, as determined by the applicable Approved Appraisal Firm, as set forth in the related analysis (or, if a range of values is set forth therein, the midpoint of such values), adjusted appropriately if the applicable Issuer Entity owns less than 100% of the total lenders' interests secured by the assets securing any Collateral Obligation or, if it has sold participation interests in such Collateral Obligation.
All Appraisals delivered to the Trustee must be performed by an Approved Appraisal Firm.