Initial Appraisals definition

Initial Appraisals shall have the meaning specified in Section 9.1(u).
Initial Appraisals means, collectively, the report of (i) MBA setting forth the Appraised Value of the Pledged FAA Slots and related Pledged Gate Leaseholds included in the Collateral on the Closing Date and (ii) ICF setting forth the Appraised Value of the Pledged Routes and related Pledged Foreign Slots and Pledged Gate Leaseholds included in the Collateral on the Closing Date, each as delivered to the Administrative Agent by the Borrower pursuant to Section 4.01.
Initial Appraisals means, collectively, the report of (i) MBA setting forth the Appraised Value of the Pledged FAA Slots and related Pledged Gate Leaseholds and (ii) BK Associates, Inc. setting forth the Appraised Value of the Pledged Routes and related Pledged Foreign Slots and Pledged Gate Leaseholds, in each case, included in the Collateral on the Closing Date, as delivered to the Administrative Agent by the Borrower pursuant to Section 4.01.

Examples of Initial Appraisals in a sentence

  • If the Fair Market Value set forth in the Initial Appraisals are not within ten percent (10%) of one another, then the Independent Appraisers shall appoint a third Independent Appraiser.

  • If the Fair Market Value set forth in each of the Initial Appraisals are within ten percent (10%) of one another (as measured against the higher of the two numbers), then the Fair Market Value shall equal the average of the values set forth in the Initial Appraisals.

  • The final Fair Market Value shall equal the average of the Fair Market Values set forth in the two appraisals that are nearest in amount; provided, however, that if the Fair Market Value in the Third Appraisal is within five percent (5%) of the average of the Initial Appraisals, the Third Appraisal shall be the Fair Market Value.

  • Administrative Agent shall have received the following due diligence materials for the Properties: (i) the Initial Appraisals, (ii) summaries of Insurance Policies together with certificates evidencing coverage, (iii) UCC Searches, and (iv) Title Searches, all in form and substance acceptable to Administrative Agent.

  • The Administrative Agent shall have received (x) the Initial Appraisals 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. (e) Opinions of Counsel.


More Definitions of Initial Appraisals

Initial Appraisals means Acceptable Appraisals delivered to the Administrative Agent with respect to each of the Properties at or prior to the Closing Date.
Initial Appraisals means the appraisals prepared by an Approved Appraiser and delivered to CA CIB on June 6, 2017.
Initial Appraisals has the meaning specified in Section 3.1(i) (Conditions Precedent to Initial Loans and Letters of Credit).
Initial Appraisals means, collectively, the report of (i) MBA setting forth the Appraised Value of the Pledged Slots and Pledged Gate Leaseholds, (ii) SH&E setting forth the Appraised Value of the Flight Simulators included in the Collateral on the Closing Date and (iii) AVITAS setting forth the Appraised Value of the Mortgaged Collateral included in the Collateral on the Closing Date, each as delivered to the Administrative Agent by the Co-Borrowers pursuant to Section 4.01.
Initial Appraisals means the Appraisals of the Initial Engines provided by the Initial Appraisers, each dated as of a date during December, 2004.
Initial Appraisals means the Appraisals of the Collateral delivered on or prior to the Closing Date.
Initial Appraisals means, collectively, the report of (a) BK Associates, Inc., dated as of February 14, 2022, setting forth the Appraised Value of the Cargo Business Assets of the Issuers and the Guarantors; (b) BK Associates, Inc., dated as of February 11, 2022, setting forth the Appraised Value of the Frequent Flyer Program Assets of the Issuers and the Guarantors; (c) Ocean Tomo, LLC, dated as of February 17, 2022, setting forth the Appraised Value of Intellectual Property of the Issuers and the Guarantors; (d) mba Aviation, dated as of December 23, 2021, setting forth the Appraised Value of certain Routes in Brazil; (e) ICF SH&E Limited, dated as of December 17, 2021, setting forth the Appraised Value of certain Slots and Routes; (f) mba Aviation, dated as of December 23, 2021, setting forth the Appraised Value of certain Routes in Peru; (g) mba Aviation, dated as of December 23, 2021, setting forth the Appraised Value of certain Routes in Chile; (h) mba Aviation, dated as of December 23, 2021, setting forth the Appraised Value of certain Routes in Colombia; (i) mba Aviation, dated as of December 17, 2021, setting forth the Appraised Value of certain Slots; and (j) AVITAS, Inc., dated as of February 8, 2022, setting forth the Appraised Value of certain Aircrafts and Engines, in each case as delivered to the Collateral Trustee by the Chilean Issuer pursuant to Section 4.15 hereof.