Property Appraisal definition

Property Appraisal means, with respect to any Replacement Property, the Appraisal thereof delivered pursuant to Section 19.2 of the Master Lease.

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Property Appraisal means that certain Appraisal Report, dated August 28, 2024, prepared by the Property Appraiser.

Property Appraisal means, with respect to each Property, an appraisal prepared by the Appraiser of such Property as if improved in accordance with the Plans and Specifications, which Property Appraisal complies in all material respects (as determined by the judgment of counsel to the Lenders and the Lessor) with all of the provisions of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended, the rules and regulations adopted pursuant thereto, and all other applicable Requirements of Law, and will appraise the Fair Market Sales Value of such Property as built in accordance with the Plans and Specifications therefor.

Examples of Property Appraisal in a sentence

The amount of such reimbursement shall be determined based upon the proportion of (i) the "historical cost less depreciation" of the Purchased Assets to (ii) the total historical cost less depreciation of all the assets reported on Seller's Nevada Operating Property Appraisal Report.
The Real Property Appraisal and the Equipment Appraisal shall be conducted in the manner set forth in this Section 1.6. Seller shall hire an appraiser licensed in the State of Tennessee of its own choosing to perform each appraisal and shall cause each appraisal to be prepared and delivered to Buyer within thirty (30) days following the Effective Date.
INVESCO acknowledges that any third parties who obtain access to any Property Appraisal reports are not authorized to use or rely upon such reports unless they are expressly permitted to rely thereon pursuant to this Agreement or a separate reliance or consent letter issued by CAPRIGHT at its sole discretion.
The Company shall utilize the most recent edition of the New Jersey Real Property Appraisal Manual when appraising residential properties.
The Company shall computerize The Real Property Appraisal Manual of New Jersey, Third Edition, Volumes I and II and any updates so to be able to generate computer data files for residential properties.
INVESCO agrees and understands that the Property Appraisal reports will be subject to CAPRIGHT’s General Assumptions and Limiting Conditions attached as Exhibit B hereto, which will be incorporated into the report.
All users of the Property Appraisal reports are specifically cautioned to understand the Assumptions and Limiting Conditions as well as any extraordinary assumptions and hypothetical conditions which may be employed by CAPRIGHT and incorporated into the report.
Buyer may accept both the Real Property Appraisal and the Equipment Appraisal, reject both the Real Property Appraisal and the Equipment Appraisal, or accept one and reject the other.
Each Property Appraisal must be reviewed, approved and signed by an MAI designated member of the Appraisal Institute (“MAl”).
Except as set forth herein or as otherwise required by law, upon expiration or termination hereof, CAPRIGHT shall have no further obligations under this Agreement including, without limitation, any obligation to update any quarterly Property Appraisal reports or related information.

More Definitions of Property Appraisal

Property Appraisal as defined in Section 34.4(b)(ii) hereof.

Property Appraisal has the meaning ascribed to it in the recitals to this Agreement;

Property Appraisal means the independent estimate of the market value of the Properties.