Examples of Updated Appraisal in a sentence
The DfT17 updated demand forecasts were dealt with by the Secretary of State in the Updated Appraisal Report (see paragraph 72 above).
The Special Servicer's determination to extend shall be made in the Special Servicer's good faith judgment, and may, but is not required to be, based on an Updated Appraisal or a letter update thereof.
If no Updated Appraisal has been obtained within 12 months prior to the first Distribution Date on or after an Appraisal Reduction Event has occurred, the Special Servicer will be required to estimate the value of the related Mortgaged Property or REO Property (the "Special Servicer's Appraisal Reduction Estimate") and such estimate will be used for purposes of determining the Appraisal Reduction.
The Servicer shall obtain letter updates to each Updated Appraisal annually and prior to the Special Servicer granting extensions beyond one year or any subsequent extension after granting a one year extension with respect to the same Mortgage Loan.
There are various ways of viewing the different degrees of protection for ESC rights from negative (immediately enforceable) v positive (requiring action); procedural v substantive; Nolan et al identify degrees of enforcement through a multitude of varying degrees – from respect, to protect, to fulfill, consideration of progressive realisation and finally non-retrogressive measures, Nolan et al The Justiciability of Social and Economic Rights: An Updated Appraisal (Human Rights Consortium March 2007).