Qualifying Appraisal definition

Qualifying Appraisal means an appraisal report of the Premises and Improvements prepared by an appraiser licensed in the State where the Premises are located and who has at least five years' experience in appraising property similar to the Premises and Improvements in the county where the Premises are located, satisfies the criteria for appraisals that may be relied upon by national banks under applicable Federal laws, rules and regulations, contains both an "as-is" and a "stabilized value" estimate, and is otherwise reasonably satisfactory to Mortgagee.
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Qualifying Appraisal. As defined in Section 2.17.
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Qualifying Appraisal means an appraisal, dated not more than one hundred twenty (120) days prior to the required date of delivery thereof, which shall be prepared by (a) Xxxxxxx Appraisals or (b) another nationally or regionally recognized first-class appraisal firm selected or approved by the Trustee, at the direction of the Required Holders, with substantially comparable experience to Xxxxxxx Appraisals in appraising properties that are similar in all material respects to the Property being appraised and used as ethanol production or refining facilities.
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Examples of Qualifying Appraisal in a sentence

  • I will advise the Department of Veterans Affairs and the Montana State Approving Agency of the entry, termination, or interruption in training of a veteran or benefit eligible person.

  • If a Qualifying Appraisal does not conclude to such a value, Buyer may terminate this Agreement by delivering an Appraisal Termination Notice to Seller prior to Closing, in which case this Agreement shall be null and void and the Xxxxxxx Money shall be promptly returned to Buyer, or Buyer may provide written notice of the unsatisfactory appraisal (the “Appraisal Notice”) by delivering a proposed Appraisal Addendum to Seller.

  • Qualifying Appraisal Accurate evaluations of collateral are critical in establishing the framework of a QRM, and NAHB supports the Agencies proposal that a QRM be supported by a written appraisal that conforms to generally accepted appraisal standards, as evidenced by the Uniform Standards of Professional Appraisal Practice (USPAP), the appraisal requirements of the Federal banking agencies, and applicable laws for evaluating loans.

  • The Company will continue to devote significant resources to control air and water pollutants, to dispose of wastes and to provide risk free environment around the work place and in the neighbourhood.

  • As used in this Paragraph 4, the term “FMV” means the fair market value of the Premises and Improvements as set forth in the appraisal relied on by Beneficiary as of the date hereof or any subsequent Qualifying Appraisal.

  • We also certify that (i) this loan is subject to a Firm Commitment or Standby Commitment, (ii) sufficient fire and extended insurance coverage is in effect and will be maintained on the property, (iii) we have obtained and will maintain in our files as agent for the Bank a FIRREA Qualifying Appraisal with respect to this loan, and (iv) all other documents pertaining to this loan will be held and maintained by us for the Bank.

  • Perhaps if Pi didn’t go on for so long we could have, but that would be akin to asking the sun not to come up in the morning.

  • Buyer and Seller may negotiate for three (3) days after Buyer delivers the Appraisal Notice to Seller (“Appraisal Settlement Period”) to reach an agreement in settlement of the low Qualifying Appraisal.

  • The Pledgor further represents and warrants that the Pledgor has obtained or will obtain prior to the delivery of any Mortgage Loan to the Collateral Agent in accordance with Section 4.01, 4.02 or 4.03 hereof, and will maintain in its files as agent for the Collateral Agent, the Agent and the Banks, a FIRREA Qualifying Appraisal with respect to such Mortgage Loan.

  • He should be familiar with organisation and methods studies which can introduce improve- ments and simplification in the office work.

Related to Qualifying Appraisal

  • 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.

  • 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).

  • Qualifying Examination means examinations on the basis of which a candidate becomes eligible for admission or its equivalent examination;

  • 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).

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

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

  • Qualifying Property means a primary residence that a qualified applicant owned and occupied

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

  • 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.

  • Qualifying Asset in relation to any Project Financing means:

  • Qualifying Dependent means, for Dependent Care Flexible Spending Account purposes,

  • 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.

  • Qualifying child means an individual who:

  • Qualified actuary means a member in good standing of the American Academy of Actuaries.

  • ERISA-Qualifying Underwriting A best efforts or firm commitment underwriting or private placement that meets the requirements of an Underwriter’s Exemption.

  • Qualified Appraiser An appraiser, duly appointed by the Seller, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation was not affected by the approval or disapproval of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfied the requirements of Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated.

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

  • Qualifying project means (i) any education facility, including, but not limited to a school building, any functionally related and subordinate facility and land of a school building (including any stadium or other facility primarily used for school events), and any depreciable property provided for use in a school facility that is operated as part of the public school system or as an institution of higher education; (ii) any building or facility that meets a public purpose and is developed or operated by or for any public entity; (iii) any improvements, together with equipment, necessary to enhance public safety and security of buildings to be principally used by a public entity; (iv) utility and telecommunications and other communications infrastructure; (v) a recreational facility; (vi) technology infrastructure and services, including, but not limited to, telecommunications, automated data processing, word processing and management information systems, and related information, equipment, goods and services; (vii) any technology, equipment, or infrastructure designed to deploy wireless broadband services to schools, businesses, or residential areas; or (viii) any improvements necessary or desirable to any unimproved locally- or state-owned real estate.

  • Qualifying week means the 15th week before the expected week of childbirth.

  • Qualifying loss means the amount of compensation attributable to a taxpayer’s nonqualified deferred compensation plan, less the receipt of money and property attributable to distributions from the nonqualified deferred compensation plan. Full loss is sustained if no distribution of money and property is made by the nonqualified deferred compensation plan. The taxpayer sustains a qualifying loss only in the taxable year in which the taxpayer receives the final distribution of money and property pursuant to that nonqualified deferred compensation plan.

  • Qualifying student means a student who is a South Carolina resident and who is eligible to be enrolled in a South Carolina secondary or elementary public school at the kindergarten or later year level for the current school year.

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

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

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Appraisal District means the Xxxxxx County Appraisal District.