Annual Appraisal definition

Annual Appraisal. An Annual Appraisal Report will be prepared by second party on the basis of monthly report, which shall also form basis of extensions of agreement period shall be under condition No1. and annual revision under condition No. 5 of the agreement. HRA: First party shall not be entitled for any Government accommodation. No deduction towards RPMF/GPF/SI/Accidental Group Insurance Scheme shall be paid from package of first party. First party shall not be entitled for any regularization or any special preference in regular recruitment. First shall not be provided any loans and advances by the second party. No bonus shall be payable to first party. The first party shall get himself/herself covered under any accidental insurance scheme. For this purpose, first party can join the accidental insurance scheme form SI Department or opt for accident insurance coverage from any other insurance company for which an annual premium of Rs. 150/- shall be reimbursed by the second party on production of receipt. No terminal leave shall be admissible on termination of the contract. TDS on income, if due, shall be recovered from package payable to first party. General conditions, ethics and observance: The First party shall observe general satisfactory conducts and ethics at the level expected under orders/rules and instructions issued by higher authorities/second party. The first party shall be non-transferable. The first party will not accept any full time/part time employment or engage in any other work, business occupation or pursue any study course without the prior approval of the second party. All manufacturing or construction departments / organizations / consultancies etc, with which the first might be associated with, will not be eligible to participate in bidding for any goods or works/consultancy etc. from or associated with the project of which this first party assignment forms a part. In case uniform/livery is compulsory, the first party will comply the instructions, for which no extra payment will be made by second party.
Sample 1
Annual Appraisal means the MAI appraisal, prepared annually with respect to each Real Property Asset in connection with each Valuation Date, by an appraisal company selected in the manner customarily used by Borrower in the selection of such appraisal companies.
Sample 1
Annual Appraisal contained in Section 1.1 hereof shall be deleted in its entirety.
Sample 1

Examples of Annual Appraisal in a sentence

  • The Company acknowledges and agrees that, prior to the IPO Closing Date, so long as any Company Shares are held by the Trust and the Class B Common Stock is not eligible for trading in an established securities market, the Company Shares will be appraised by an independent appraiser, as defined in Section 401(a)(28) of the Code, at least once each Plan year, as required by Article I, paragraph (x), of the Plan (the "Annual Appraisal").

  • In the event that the Alternative Annual Appraisal determines the Fair Market Value is greater than or equal to 4% higher or lower than the Fair Market Value in the Annual Appraisal, then the Fair Market Value shall be deemed to be the average between the Annual Appraisal and the Alternative Annual Appraisal, and the fees and expenses of the Alternative Annual Appraisal shall be borne by the Company.

  • The purchase price of the Capital Stock subject to such repurchase pursuant to this Section 2 shall be, the Fair Market Value determined pursuant to the most recently completed Annual Appraisal (as defined below) or Alternative Annual Appraisal (as defined below), as the case may be, as of the Sale Right Notice Date.

  • Annual Appraisal of Aircraft and Leases.............................................................74 7.20.

  • If a reappraisal notice is given pursuant to this Section 7.1(b)(ii) but the Appraisals are not delivered pursuant to this Section 7.1(b)(ii) within the time period required hereby, the Appraised Value of the Ski Resort Properties shall be determined on the basis of the Annual Appraisal to which such reappraisal notice related, and the change therein shall become effective on the date when the Appraisals were required to be delivered pursuant to this Section 7.1(b)(ii).

  • A change in the Appraised Value of the Ski Resort Properties reflected in any Annual Appraisal shall become effective on the fifteenth day following the date when the Administrative Agent delivers to ASC a final copy of such Annual Appraisal unless a notice of reappraisal is delivered to the Administrative Agent on or before such day pursuant to Section 7.1(b)(ii) (in which case the procedures specified in such Section shall become applicable).

  • Within 15 days thereafter, the Company and Management Stockholders shall mutually agree on an alternative independent appraiser (“Alternative Annual Appraiser”) who shall be engaged to promptly determine the Fair Market Value of the Company as of the applicable Annual Appraisal Date.

  • AFFIRMATIVE COVENANTS 40 5.1 Financial Statements 40 5.2 Certificates; Other Information 41 5.3 Payment of Obligations 42 5.4 Acknowledgements 42 5.5 Maintenance of Existence; Compliance 42 5.6 Maintenance of Property; Insurance 42 5.7 Inspection of Property; Books and Records; Discussions 43 5.8 Notices 43 5.9 Environmental Laws 43 5.10 Annual Appraisal; Vessel Utilization 44 5.11 Additional Collateral, etc 44 5.12 Interest Rate Hedge Agreements 44 5.13 Commitment Fee 44 5.14 Perfection 44 SECTION 6.

  • The costs and expenses of the Annual Appraisal shall be borne solely by the Company.

  • Annual Appraisal......................................................


More Definitions of Annual Appraisal

Annual Appraisal shall have the meaning assigned to such term in Section 2.3(e)(6) hereof.
Sample 1
Annual Appraisal has the meaning specified in Section 2.15(d).
Sample 1
Annual Appraisal means a written valuation of the Company and/or its outstanding shares of Common Stock at and as of the last day of any fiscal year of the Company prepared by an independent evaluator selected by the Committee. Without limiting the generality of the foregoing, with respect to any Option granted prior to October 1, 1996, the term "Annual Appraisal" means the value of the Company at and as of September 30, 1995 as
Sample 1
Annual Appraisal means an update (which update shall be a desktop appraisal) of the Initial Appraisal from an Appraiser received pursuant to the terms of the Lease on each annual anniversary of the Document Closing Date, setting forth as of such annual anniversary the Fair Market Value of each Item of Equipment then subject to the Lease, in form and substance reasonably satisfactory to Agent and the Required Participants and using appraisal methods consistent with the methods used in the Initial Appraisal. Each such appraisal shall be prepared at the sole cost and expense of Lessee.
Sample 1

Related to Annual Appraisal

  • 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).

  • 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.

  • 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.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated January 22, 2008 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraiser firm pursuant to Section 9.2(b).

  • 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.

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

  • Appraisal review means the act or process of developing

  • Appraisal report A report setting forth the fair market value of a Mortgaged Property as determined by an appraiser who, at the time the appraisal was conducted, met the minimum qualifications of FNMA and FHLMC for appraisers of conventional residential mortgage loans.

  • 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.

  • Independent Valuer means Massarsky Consulting, Inc., appointed by the Board to independently value the Company’s Catalogues within the Portfolio;

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

  • Independent expenditure means an expenditure by a person:

  • Independent Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.

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

  • Permit revision means any permit modification or administrative permit amendment.

  • Actuarial valuation means a mathematical determination of

  • Approved Valuation Firm means (a) each of (i) Xxxxxxxx Xxxxx Xxxxxx & Xxxxx, (ii) Lincoln International LLC (f/k/a Lincoln Partners LLC), (iii) Duff & Xxxxxx Corp. and (iv) Valuation Research Corporation, and (b) any other nationally recognized valuation firm approved by each of the Borrower and the Administrative Agent in their sole reasonable discretion.

  • Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

  • Approved Appraiser means any of the following: Xxxxx Xxxxxxxx Xxxxxx, Xxxxx, H Xxxxxxxx & Co. Ltd., London, X.X. Xxxxxx Shipbrokers, Norway, or Fearnley AS, Norway.

  • Valuation means an estimate of the value of real estate or real property.

  • Uniform Standards of Professional Appraisal Practice means the current standards of the appraisal profession, developed for appraisers and users of appraisal services by the Appraisal Standards Board of the Appraisal Foundation.

  • Annual Work Plan means any of the Annual Work Plans.