Valuation Letter definition
Examples of Valuation Letter in a sentence
Any reference to Finance Documents in that Clause shall be construed so as to include this letter and the Credit Agreement as amended by this letter.
The Assignor, the Assignee and ING Bank agree that, on the date to which the Deed of Assignment Effective Time refers, the consideration for the assignment set forth in Clause 2 (Assignment of the IABF Receivables) hereof will be the consideration as agreed in the Valuation Letter and that amount (or the portion thereof due after set-off pursuant to the terms of the Valuation Letter) shall be paid on the date to which the Deed of Assignment Effective Time refers, by ING Bank on behalf of the Assignee.
Investor shall make ---------------------- payment of the Put (less any applicable legal or other fees) within two (2) Business Days after delivery of the Share Valuation Letter to the Escrow Agent ("Share Payment Date").
A copy of the Summary Valuation Letter will be similarly made available for inspection for up to three (3) months from the date of the Circular.
As a result of the payment in accordance with the Valuation Letter, all of Seller's obligations in respect of the Transaction Fee shall be fully discharged, released and terminated at the Effective Time.
Notwithstanding anything contained in this Section 3.4.1, Borrower shall have the right, within 5 days of Borrower’s receipt of a Valuation Letter, to request that Lender obtain an appraisal of the Collateral Pool Property, at Borrower’s sole cost and expense, which appraisal must be prepared in accordance with Lender’s then applicable standards for appraisals and conducted by an appraiser acceptable to Lender, in Lender’s sole and absolute discretion.
The Agent will have received a copy of the ASCEND Valuation Letter for the Aircraft attributable to the Utilisation, which such letter will be dated on or after the date falling thirty (30) days before the Utilisation Date for the Aircraft attributable to the Utilisation.
In compliance with the Catalist Rules, the Circular containing, inter alia, further details on the Proposed Disposal, the Summary Valuation Letter, and a notice of EGM to be held, will be issued to Shareholders in due course.
The Valuation Letter shall include (i) the Net Operating Income and Market Value for each Collateral Pool Property; and (ii) an effective date on which the assessment for the Unused Capacity Fee shall commence (“Unused Capacity Fee Effective Date”).
The Unused Capacity Fee Effective Date shall be twelve (12) Business Days after the date of the Valuation Letter.