PERIODIC APPRAISALS definition
PERIODIC APPRAISALS means appraisals of the Borrowers' Inventory performed from time to time by an independent inventory reporting firm selected at the Agent's request in accordance with Section 7.18, which appraisal shall be satisfactory to the Agent and the Lenders in all respects.
Examples of PERIODIC APPRAISALS in a sentence
MORTGAGEE MAY REQUIRE PERIODIC APPRAISALS OF THE PROPERTY (AT MORTGAGOR’S EXPENSE) BY APPRAISERS SATISFACTORY TO MORTGAGEE AND THE INSURANCE CARRIER.