Common use of Real Estate Appraisals Clause in Contracts

Real Estate Appraisals. In the event that the Administrative Agent or the Required Lenders at any time after the Restatement Effective Date determine in its or their good faith discretion (as a result of events or circumstances affecting the Administrative Agent or the Required Lenders after the Restatement Effective Date) that real estate appraisals satisfying the requirements set forth in 12 C.F.R., Part 34-Subpart C, or any successor or similar statute, rule, regulation, guideline or order (any such appraisal a "Required Appraisal") are or were required to be obtained, or should be obtained, in connection with any Mortgaged Property or Mortgaged Properties, then, within 120 days after receiving written notice thereof from the Administrative Agent or the Required Lenders, as the case may be, such Required Appraisals shall be delivered, at the expense of the Borrower, to the Administrative Agent, which Required Appraisals, and the respective appraiser, shall be satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Security Agreement (Acg Holdings Inc), Credit Agreement (Williams Scotsman Inc)

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Real Estate Appraisals. In the event that the Administrative Agent Agent, any Co-Arranger or the Required Lenders Banks at any time after the Restatement Effective Date determine in its or their good faith discretion (as a result of events or circumstances affecting the Administrative Collateral Agent or the Required Lenders Banks after the Restatement Effective Date) that real estate appraisals satisfying the requirements set forth in 12 C.F.R., Part 34-34- Subpart C, or any successor or similar statute, rule, regulation, guideline or order (any such appraisal a "Required Appraisal") are or were required to be obtained, or should be obtained, in connection with any Mortgaged Property or Mortgaged Properties, then, within 120 days after receiving written notice thereof from the Administrative Agent Agent, such Co-Arranger or the Required LendersBanks, as the case may be, such Required Appraisals Appraisal shall be delivered, at the expense of the BorrowerSilgan, to the Administrative Agent, which Required AppraisalsAppraisal, and the respective appraiser, shall be reasonably satisfactory to the Administrative AgentCo-Arrangers.

Appears in 1 contract

Samples: Credit Agreement (Silgan Holdings Inc)

Real Estate Appraisals. In the event that the Administrative Agent or the Required Lenders at any time after the Restatement Effective Date determine in its or their good faith discretion (as a result of events or circumstances affecting the Administrative Agent or the Required Lenders after the Restatement Effective Date) that real estate appraisals satisfying the requirements set forth in 12 C.F.R., Part 34-Subpart C, or any successor or similar statute, rule, regulation, guideline or order (any such appraisal a "Required Appraisal") are or were required to be obtained, or should be obtained, in connection with any Mortgaged Property or Mortgaged Properties, then, within 120 days after receiving written notice thereof from the Administrative Agent or the Required Lenders, as the case may be, such Required Appraisals shall be delivered, at the expense of the Borrower, to the Administrative Agent, which Required Appraisals, and the respective appraiser, shall be satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Williams Scotsman International Inc)

Real Estate Appraisals. In the event that the Administrative Agent or the Required Lenders at any time after the Restatement Effective Date determine in its or their good faith discretion (as a result of events or circumstances affecting the Administrative Agent or the Required Lenders after the Restatement Effective Date) that real estate appraisals satisfying the requirements set forth in 12 C.F.R., Part 34-Subpart C, or any successor or similar statute, rule, regulation, guideline or order (any such appraisal a "Required AppraisalREQUIRED APPRAISAL") are or were required to be obtained, or should be obtained, in connection with any Mortgaged Property or Mortgaged Properties, then, within 120 days after receiving written notice thereof from the Administrative Agent or the Required Lenders, as the case may be, such Required Appraisals shall be delivered, at the expense of the Borrower, to the Administrative Agent, which Required Appraisals, and the respective appraiser, shall be satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Williams Scotsman Inc)

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Real Estate Appraisals. In the event that the Administrative Agent, any other Agent or the Required Lenders at any time after the Restatement Effective Initial Borrowing Date determine in its or their good faith discretion (as a result of events or circumstances affecting the Administrative Collateral Agent or the Required Lenders after the Restatement Effective Initial Borrowing Date) that real estate appraisals satisfying the requirements set forth in 12 C.F.R., Part 34-Subpart C, or any successor or similar statute, rule, regulation, guideline or order (any such appraisal a "Required Appraisal") are or were required to be obtained, or should be obtained, in connection with any Mortgaged Property or Mortgaged Properties, then, within 120 days after receiving written notice thereof from the Administrative Agent, such other Agent or the Required Lenders, as the case may be, such Required Appraisals Appraisal shall be delivered, at the expense of the BorrowerSilgan, to the Administrative Agent, which Required AppraisalsAppraisal, and the respective appraiser, shall be reasonably satisfactory to the Administrative AgentAgents.

Appears in 1 contract

Samples: Silgan Credit Agreement (Silgan Holdings Inc)

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