Initial Appraisal definition

Initial Appraisal means the report of MBA dated November 21, 2014, as delivered to the Administrative Agent by the Borrower pursuant to Section 4.01(e).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Initial Appraisal means a new appraisal of the Borrower’s Inventory performed by an independent appraiser (other than the initial desktop appraisal).

Initial Appraisal means (a) with respect to the Aircraft or Engines, each of the appraisals of MBA dated March 27, 2020, and the appraisal of ASG dated March 27, 2020,

Examples of Initial Appraisal in a sentence

The Administrative Agent shall have received (x) the Initial Appraisal in form reasonably satisfactory to the Administrative Agent, and (y) an Officer’s Certificate from a Responsible Officer of the Borrower demonstrating that, using the Appraised Value listed in the Initial Appraisal, on the Closing Date and after giving effect to the Extensions of Credit to be made on such date, the Collateral Coverage Ratio shall be no less than 1.6 to 1.0.
The Company shall obtain an initial appraisal of the Collateral (the “Initial Appraisal”) pursuant to the definition of the “Appraised Value” and deliver that Initial Appraisal to the Trustee within 60 days of the Issue Date.
The Contractor shall be required to complete at least the Minimum Work Program during the Initial Appraisal Period.
Any Appraiser appointed by the original Appraisers or by such court shall be instructed to determine the Fair Market Value, Fair Market Rental or Leasehold FMV of such Facility within sixty (60) days (together with the Initial Appraisal Period, the “Appraisal Period”) after appointment of such Appraiser.
As such, both parties acknowledge that the Property may not appraise at the same value as set forth in the Initial Appraisal or the Option Price.

More Definitions of Initial Appraisal

Initial Appraisal. With respect to any Mortgage Loan, the Appraisal made for the Mortgage Loan's originator in connection with its origination, which must be included in the related Mortgage File.

Initial Appraisal means the report of Sage dated March 10, 2016, as delivered to the Administrative Agent by the Borrower pursuant to Section 4.01(d).

Initial Appraisal means, (i) with respect to FAA Slots, the reports of MBA dated May 24, 2016 and November 30, 2016, (ii) with respect to Flight Simulators, the report of

Initial Appraisal means the Appraisal (as defined in the Existing Credit Agreement) last delivered to the Existing Lenders pursuant to Section 5.07 of the Existing Credit Agreement prior to the Restatement Effective Date.

Initial Appraisal means a Desktop Appraisal, undertaken at Borrower’s sole expense, as to the fair market value of the Equipment owned by the Borrower on the Closing Date.

Initial Appraisal means the appraisal prepared by the Authorized Appraiser dated May 1, 2019, regarding the commercial value of the land of the Properties.

Initial Appraisal has the meaning assigned to such term in Section 5.07(b).