MAI Appraiser. With respect to any real property, a member of the American Institute of Real Estate Appraisers with a minimum of 5 years of experience appraising real property of a type similar to the real property being appraised and located in the same geographical area as the real property being appraised.
MAI Appraiser means an appraiser licensed or otherwise qualified to do business in the state(s) where the Premises or applicable portion thereof are located and who has substantial experience in performing appraisals of facilities similar to the Premises or applicable portion thereof and is certified as a member of the American Institute of Real Estate Appraisers or certified as a SRPA by the Society of Real Estate Appraisers, or, if such organizations no longer exist or certify appraisers, such successor organization or such other organization as is approved by Landlord.
MAI Appraiser means an appraiser licensed or otherwise qualified to do business in the state(s) where the Premises or applicable portion thereof are located and who has substantial experience in performing appraisals of facilities similar to the Premises or applicable portion thereof and is certified as a member of the American Institute of Real Estate Appraisers or certified as a SRPA by the Society of Real Estate Appraisers, or, if such organizations no longer exist or certify appraisers, such successor organization or such other organization as is approved by Landlord. Exhibit G EXHIBIT “H” FACILITY MORTGAGE SPECIFIC REQUIREMENTS [see attached] Exhibit H EXHIBIT “I” FORM OF RECOGNITION AGREEMENT THIS INSTRUMENT PREPARED BY AND RETURN TO: Xxxxxxx X. Xxxxxxxx, Xx., Esq. Baker, Donelson, Bearman, Xxxxxxxx & Xxxxxxxxx, P.C. 1800 Republic Centre 000 Xxxxxxxx Xxxxxx Xxxxxxxxxxx Xxxxxxxxx 00000 THIS AGREEMENT is made as of the ____ day of _____________, 2015, between ____________________ Property Holdings, LLC, a Georgia limited liability company having an address at Two Buckhead Plaza, 0000 Xxxxxxxxx Xxxx XX, Xxxxx 000, Xxxxxxx, Xxxxxxx 00000 (“Prime Landlord”) and Highlands of _________________, LLC, a Delaware limited liability company having an address at 0 Xxxxxx Xxxx Xxxxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxx 00000-0000 _________________________ (“Tenant”).
Examples of MAI Appraiser in a sentence
Each party shall pay half the fees and expenses of the third MAI Appraiser selected by the respective MAI Appraisers selected by each of the parties.
Tenant shall pay the fees and expenses of any MAI Appraiser retained pursuant to this Exhibit.
Unless an appraisal prepared by an MAI Appraiser who is Independent in accordance with the provisions of 12 C.F.R.
Unless an appraisal prepared by an MAI Appraiser who is Independent in accordance with the provisions of 12 C.F.R. 225.65 shall have been obtained in connection with the acquisition of such REO Property, promptly following any acquisition by the Purchaser (through the Servicer) of an REO Property, the Servicer shall obtain a narrative appraisal thereof (at the expense of the Purchaser) in order to determine the fair market value of such REO Property.
Landlord shall pay the fees and expenses of any MAI Appraiser it retains pursuant to this Exhibit.
More Definitions of MAI Appraiser
MAI Appraiser means an appraiser licensed or otherwise qualified to do business in the state(s) where the Premises or applicable portion thereof are located and who has substantial experience in performing appraisals of facilities similar to the Premises or applicable portion thereof and holds the Appraisal Institute’s MAI designation, or, if such organization no longer exists or certifies appraisers, such successor organization or such other organization as is reasonably agreed upon by Sublessee and Sublessor. HNZW/505210_4.doc/3583-1 EXHIBIT C-2 [SUBLESSOR’S WIRE INSTRUCTIONS] HNZW/505210_4.doc/3583-1 25 EXHIBIT “D” FINANCIAL, MANAGEMENT AND REGULATORY REPORTS REPORT DUE DATE Monthly financial reports concerning the Business at the Facility consisting of: (1) a reasonably detailed income statement showing, among other things, gross revenues; (2) total patient days; (3) occupancy; and (4) payor mix. (All via e-mail to fixxxxxxxx@xxxxxxxxxxxx.xxx) Thirty (30) days after the end of each calendar month Quarterly consolidated or combined financial statements of Sublessee and any Guarantor (via e-mail to fixxxxxxxx@xxxxxxxxxxxx.xxx) Thirty (30) days after the end of each of the first three quarters of the fiscal year of Sublessee and such Guarantor Annual consolidated or combined financial statements of Sublessee and any Guarantor audited by a reputable certified public accounting firm (via e-mail to fixxxxxxxx@xxxxxxxxxxxx.xxx) Ninety (90) days after the fiscal year end of Sublessee and such Guarantor Regulatory reports with respect to the Facility, as follows: (1) all federal, state and local licensing and reimbursement certification surveys, inspection and other reports received by Sublessee as to any portion of the Premises and any portion of the Business, including state department of health licensing surveys; (2) Medicare and Medicaid certification surveys; and (3) life safety code reports. Five (5) business days after receipt Reports of regulatory violations, by written notice of the following: (1) any violation of any federal, state or local licensing or reimbursement certification statute or regulation, including Medicare or Medicaid; (2) any suspension, termination or restriction placed upon Sublessee or any portion of the Premises, the operation of any portion of the Business or the ability to admit residents or patients; or (3) any violation of any other permit, approval or certification in connection with any portion of the Premises or any portion of the Busine...
MAI Appraiser means an appraiser licensed or otherwise qualified to do business in the State and who has substantial experience in performing appraisals of facilities similar to the Leased Property and is certified as a member of the American Institute of Real Estate Appraisers or certified as a SRPA by the Society of Real Estate Appraisers, or, if such organizations no longer exist or certify appraisers, such successor organization or such other organization as is approved by Landlord. EXHIBIT "D" Tenant Estoppel Certificate
MAI Appraiser is hereby defined as an independent, unaffiliated real estate appraiser with a membership in the American Appraisal Institute, or its successor organization, and at lease five (5) years’ full-time experience appraising office properties in the area in which the Building is located but in any event in the City of Los Angeles. Within ten (10) days after submittal of the list of appraisers, Tenant and Landlord shall meet and each shall have the right to disqualify two (2) of the appraisers by alternating their respective rights of disqualification, with Landlord being the first party to exercise the right of disqualification, until only one (1) of the appraisers has not been disqualified by either Landlord or Tenant. The one MAI Appraiser who is not disqualified through the foregoing process shall be appointed to determine Fair Market Rent as set forth below. Within thirty (30) days after the appointment of the MAI Appraiser, the parties shall negotiate in good faith to determine the Fair Market Rent and the MAI Appraiser shall independently determine the Fair Market Rent within such thirty (30) day period. If the parties are unable to agree upon the Fair Market Rent, the parties shall each submit their determination of Fair Market Rent to the MAI Appraiser. The Fair Market Rent shall equal the Fair Market Rent submitted by Landlord or Tenant that is closest to the Fair Market Rent determined by the MAI Appraiser. The MAI Appraiser shall not divulge to Landlord or Tenant the Fair Market Rent determined by the MAI Appraiser until both parties instruct it to do so in writing. If the parties fail to select a qualified MAI Appraiser, an MAI Appraiser shall be selected by the then-Presiding Judge of the Superior Court of the State of California of the County in which the Premises are located, acting in his individual judicial capacity. Each Party shall pay one-half of the MAI Appraiser’s fee and costs. During the period requiring the adjustment of Annual Base Rent to ninety-five percent (95%) of Fair Market Rent, Tenant shall pay, as Annual Base Rent pending determination, one hundred five percent (105%) of the Annual Base Rent in effect for the premises immediately prior to such adjustment; provided, however, that upon the determination of the applicable Fair Market Rent, Tenant shall pay Landlord the difference between the amount of Annual Base Rent Tenant actually paid and ninety-five percent (95%) of the Fair Market Rent immediately upon the determination of F...
MAI Appraiser. As defined in Exhibit C.
MAI Appraiser means a member of the American Institute of Real Estate Appraisers.
MAI Appraiser means an appraiser licensed or otherwise qualified to do business in the state(s) where the Premises or applicable portion thereof are located and who has substantial experience in performing appraisals of facilities similar to the Premises or applicable portion thereof and holds the Appraisal Institute’s MAI designation, or, if such organization no longer exists or certifies appraisers, such successor organization or such other organization as is reasonably agreed upon by Lessee and Lessor. EXHIBIT “D” FINANCIAL, MANAGEMENT AND REGULATORY REPORTS REPORT DUE DATE Monthly financial reports concerning the Business at the Facilities consisting of: (1)a reasonably detailed income statement showing, among other things, gross revenues; (2)total patient days; (3)occupancy; and (4)payor mix. (All via e-mail to _______________________) Thirty (30) days after the end of each calendar month Quarterly consolidated or combined financial statements of Lessee(via e-mail to xxxxxxxxxx@xxxxxxxxxxxx.xxx) Thirty (30) days after the end of each of the first three quarters of the fiscal year of Lessee and such Guarantor Annual consolidated or combined financial statements of Lessee audited by a reputable certified public accounting firm (via e-mail to xxxxxxxxxx@xxxxxxxxxxxx.xxx) Ninety (90) days after the fiscal year end of Lessee and such Guarantor Regulatory reports with respect to the Facilities, as follows: (1)all federal, state and local licensing and reimbursement certification surveys, inspection and other reports received by Lessee as to any portion of the Premises and any portion of the Business, including state department of health licensing surveys;(2)Medicare and Medicaid certification surveys; and (3)life safety code reports. Five (5) business days after receipt Reports of regulatory violations,by written notice of the following:(1)any violation of any federal, state or local licensing or reimbursement certification statute or regulation, including Medicare or Medicaid;(2)any suspension, termination or restriction placed upon Lessee or any portion of the Premises, the operation of any portion of the Business or the ability to admit residents or patients; or (3)any violation of any other permit, approval or certification in connection with any portion of the Premises or any portion of the Business, by any federal, state or local authority, including Medicare or Medicaid. Two(2) business days after receipt Cost Reports Fifteen (15) days after filing EXHIBIT “E” FAI...
MAI Appraiser means a Member Appraisal Institute designated and Indiana State certified real estate appraiser with at least ten (10) combined years of experience in office, recreational, or medical office leasing valuations in the Indianapolis metropolitan market. The fees of the third MAI Appraiser, if applicable, shall be shared equally by Landlord and Tenant. The fees of each party's respective MAI Appraiser, if applicable, shall be borne by that party.