Initial Appraisal Report definition

Initial Appraisal Report means the Valuation Report, dated March 16, 2018, by ▇▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇▇.

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Initial Appraisal Report means the initial appraisal report delivered in respect of the Pool Assets in accordance with Section 5.10.

Initial Appraisal Report means, collectively, (a) a satisfactory independent collateral appraisal of the assets of Quail Tools prepared during the twelve-month period ending on the Closing Date, including in connection with the Existing Credit Agreement and (b) a satisfactory independent collateral appraisal of the Specified Rigs prepared during the three-month period ending on the Closing Date, in each case, prepared by a third-party collateral appraiser reasonably acceptable to the Administrative Agent in its sole discretion.

Examples of Initial Appraisal Report in a sentence

• The Administrative Agent shall have received the Initial Appraisal Report and such Initial Appraisal Report shall demonstrate that, on the Closing Date, and after giving effect to the Transactions, the Borrower shall be in compliance on a pro forma basis with ‎Section 6.03.

• The Administrative Agent shall have received the Initial Appraisal Report and such Initial Appraisal Report shall demonstrate that, on the Closing Date, and after giving effect to the Transactions, the Borrower shall be in compliance on a pro forma basis with Section 6.03.

• The Administrative Agent shall have received the Initial Appraisal Report, and such Appraisal Report shall demonstrate that, at the time the Lenders make the initial Term Loans and after giving effect thereto, the Borrower shall be in compliance on a pro forma basis with the Collateral Coverage Test.

• Notwithstanding the foregoing, in the event of a sale of the Improvements, Land, or any portion of the Land that results in the remaining Mortgaged Property after such sale not being accurately described within the Initial Appraisal Report, within thirty (30) days after such sale, Mortgagor shall deliver to Mortgagee an Appraisal Report for such remaining Mortgaged Property that is secured by this Mortgage.

• The Administrative Agent shall have received the Initial Appraisal Report and such Initial Appraisal Report shall demonstrate that, on the Restatement Effective Date, and after giving effect to the Transactions, the Borrower shall be in compliance on a pro forma basis with Section 6.03.

More Definitions of Initial Appraisal Report

Initial Appraisal Report means the initial appraisal report delivered in respect of the Collateral in accordance with Section 4.01(k).

Initial Appraisal Report means, collectively, (a) that certain energy equipment appraisal report, dated as of October 10, 2014, on Quail Tools, (b) that certain energy equipment appraisal report, dated as of October 10, 2014, on 13 Inland Drilling Barge Rigs, described in such report as being owned by “▇▇▇▇▇▇ USA Drilling Company” (it being understood that such rigs are in fact owned by ▇▇▇▇▇▇ Drilling Offshore USA, L.L.C.) and (c) that certain restricted appraisal report, dated as of October 10, 2014, on Arctic Land Drilling Rigs #272 and #273, described in such report as being owned by “▇▇▇▇▇▇ Drilling Company” and “▇▇▇▇▇▇ Drilling Arctic Operating, Inc.” (it being understood that such rigs are in fact owned by ▇▇▇▇▇▇ Drilling Arctic Operating LLC).

Initial Appraisal Report means that certain appraisal for Bank of America, N.A. (CSI/Compressco) dated July 26, 2016 prepared by Superior Asset Management for the Administrative Agent.

Initial Appraisal Report means, collectively, that certain appraisal report, dated as of November 6, 2012, on (13) Inland Drilling Barge Rigs Owned by ▇▇▇▇▇▇ USA Drilling Company and that certain appraisal report, dated as of November 6, 2012, on Quail Tools LLC.

Initial Appraisal Report means the valuation reports, dated July 31, 2023, and August 8, 2023, by mba Aviation.

Initial Appraisal Report means the Valuation Report, dated March 16, 2018, by Morten Beyer & Agnew.

Initial Appraisal Report means the Delta Air Lines Pacific Routes Appraisal, dated August 22, 2012, by ▇▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇.