Physical Appraisal definition

Physical Appraisal means an appraisal of the fair market value of the Equipment based on the physical inspection of five percent (5%) of the Items of Equipment conducted by an Appraiser, in form and substance satisfactory to the Administrative Agent and undertaken at the sole expense of the Borrower to the extent that such expense is reasonable in light of usual market standards for such an appraisal.
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Physical Appraisal means an appraisal of the Rotables included within the Pledged Spare Parts conducted using the Physical Appraisal Methodology.
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Examples of Physical Appraisal in a sentence

  • Borrower hereby agrees to furnish to the Administrative Agent a Physical Appraisal regarding each Group A Vessel as soon as practical following the date hereof, and in any event on or before April 30, 2021.

  • IGIS’s intention is that this statutory provision will be supported by more detailed administrative arrangements under the auspices of an overarching Statement of Cooperation with integrity bodies (as referred to earlier in this submission).

  • A NEW Physical Appraisal Form can be found here: http://www.p12.nysed.gov/sss/documents/ReqNYSSchoolHeal-thExamForm.pdf Body Mass IndexAs part of a required school health examination, a student is weighed and his/her height is measured.

  • The deadline for Borrower to furnish to the Administrative Agent a Physical Appraisal regarding the L/B Jill is extended to, through and including, December 31, 2021.

  • The Borrower hereby agrees to furnish to the Agent and each Lender Physical Appraisals regarding the 2020 Physical Appraisal Vessels as soon as practical following the date of this Agreement, and in any event on or before December 31, 2020.

  • Signed on behalf of the issuer: the directors Name: Name: Signature: Signature: Date: Date: Name: Signature: Date: Fourth: 1) This annex shall be submitted electronically through the automated system designated by the Exchange for such purpose.

  • No Restricted Ordinary Shares may be sold, transferred, assigned, or pledged by the employee until they have vested in accordance with the terms of the Restricted Ordinary Shares award.

  • The deadline for Borrower to furnish to the Administrative Agent the Physical Appraisal regarding the LB Xxxxxx is extended to, through and including, April 30, 2020.

  • The District, upon receipt of such advice from the Union in writing, shall thereupon deduct from the earnings of the employees such dues, and together with a list of those employees from whom such deductions were made, shall remit such deductions to the Union bank account, via direct deposit, not later than the fifteenth of the month following the month in which the deductions were made.

  • He attempted to sell MAC trailers and followed-up on calls that Mr. R.

Related to Physical Appraisal

  • Appraisal Well means a Well drilled pursuant to an Appraisal Programme.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Acceptable Appraisal means, with respect to an appraisal of Inventory, the most recent appraisal of such property received by Agent (a) from an appraisal company satisfactory to Agent, (b) the scope and methodology (including, to the extent relevant, any sampling procedure employed by such appraisal company) of which are satisfactory to Agent, and (c) the results of which are satisfactory to Agent, in each case, in Agent’s Permitted Discretion.

  • Appraisal shall have the meaning assigned to such term in the Servicing Agreement.

  • Physical examination means the assessment of an individual’s health by a professional licensed to practice medicine or osteopathy, or by an advanced practice nurse or physician assistant.

  • Appraisal report A report setting forth the fair market value of a Mortgaged Property as determined by an appraiser who, at the time the appraisal was conducted, met the minimum qualifications of FNMA and FHLMC for appraisers of conventional residential mortgage loans.

  • Control Appraisal Period shall exist with respect to the Mortgage Loan, if and for so long as:

  • Current Appraisal With respect to any Mortgage Loan as to which the Purchaser has made an Election to Delay Foreclosure, an appraisal of the related Mortgaged Property obtained by the Purchaser at its own expense from an independent appraiser (which shall not be an affiliate of the Purchaser) acceptable to the Company as nearly contemporaneously as practicable to the time of the Purchaser's election, prepared based on the Company's customary requirements for such appraisals. Election to Delay Foreclosure: Any election by the Purchaser to delay the Commencement of Foreclosure, made in accordance with Section 2.02(b).

  • Required Appraisal shall have the meaning provided in Section 8.11(g).

  • Independent Appraiser means a nationally recognized or major regional investment banking firm or firm of independent certified public accountants of recognized standing (which may be the firm that regularly examines the financial statements of the Issuer) that is regularly engaged in the business of appraising the Capital Stock or assets of corporations or other entities as going concerns, and which is not affiliated with either the Issuer or the Holder of any Warrant.

  • Updated Appraisal means an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted subsequent to any Appraisal performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder or applicable Servicer.

  • Conversion Valuation Appraisal Report Page: 4 ================================================================================

  • Independent Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.

  • Approved Third-Party Appraiser means each of (a) Xxxxxxxx Xxxxx Xxxxxx & Xxxxx Inc., (b) Lincoln International LLC (formerly known as Lincoln Partners LLC), (c) Duff & Xxxxxx Corporation, (d) Valuation Research Corporation, and (e) any other third party appraiser selected by the Borrower in its reasonable discretion.

  • Environmental Audit means, with respect to each Property, a Phase One environmental site assessment (the scope and performance of which meets or exceeds the then most current ASTM Standard Practice E1527 for Environmental Site Assessments: Phase One Environmental Site Assessment Process) of such Property.

  • Phase I Environmental Assessment A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.

  • Appraiser An Independent nationally recognized professional commercial real estate appraiser who (i) is a member in good standing of the Appraisal Institute, (ii) if the state in which the related Mortgaged Property is located certifies or licenses appraisers, is certified or licensed in such state, and (iii) has a minimum of five years’ experience in the related property type and market.

  • Physical Property has the meaning assigned to such term in the definition of “Delivery” above.