Closing Date Appraisal definition

Closing Date Appraisal means the appraisal, dated the Closing Date, addressed to the Equity Investor prepared by the Appraiser with respect to the Facility.

Closing Date Appraisal means the appraisal, dated the Closing Date, addressed to the Owner Participant prepared by the Appraiser with respect to the Facility.

Closing Date Appraisal means, with respect to any Tract of Property (or any portion thereof) on or as of a recent date prior to the Closing Date, an Appraisal that assesses at such time the Fair Market Value of such Tract of Property (or such portion) on such date, as improved with any Existing Improvements.

Examples of Closing Date Appraisal in a sentence

• The Owner Participant shall be satisfied that the Facility shall be in the condition described in the Closing Date Appraisal.

• Based upon the Closing Date Appraisal and the Closing Projections, the execution and delivery of the Operative Documents to which the Facility Lessee is a party and the granting of any Liens pursuant to such Operative Documents by the Facility Lessee will not render the Facility Lessee insolvent under GAAP or leave the Facility Lessee with assets whose present fair valuation is less than the present fair valuation of the Facility Lessee's debts.

• The Closing Date Appraisal and such opinion shall each be addressed and delivered only to the Owner Participant.

• The Owner Participant shall have received the Closing Date Appraisal prepared by the Appraiser and an opinion from Xxxxx Xxxxxxxxxx LLP as to certain tax matters, in each case satisfactory in form and substance to the recipient.

• No material adverse change shall have occurred with respect to (i) the financial condition, business assets or operation of Xxxxx City, since the date of Xxxxx City's last audited or unaudited financial statements provided to the Owner Participant or (ii) the Facility or the Facility Site since the date of the Closing Date Appraisal.

• The Owner Participant and the Equity Investor shall have received the Closing Date Appraisal prepared by the Appraiser addressed and delivered only to the Equity Investor and the Owner Participant and satisfactory in form and substance to the recipients.

• No Lease Event of Default, Lease Indenture Event of Default, Event of Loss, Burdensome Buyout Event, or event that, with the passage of time or giving of notice or both, would constitute a Lease Event of Default, Lease Indenture Event of Default, an Event of Loss or Burdensome Buyout Event shall have occurred and be continuing and the Owner Participant shall be satisfied that the Facility shall be in the condition described in the Closing Date Appraisal.

• The Acceptance Tests are sufficient to furnish to the Independent Appraiser information concerning such physical characteristics of the Satellite and Buyer’s Transponders as the Independent Appraiser reasonably indicates is necessary for the Independent Appraiser to complete the Closing Date Appraisal.

• The Owner Participant and the OP Guarantor shall have received the Closing Date Appraisal prepared by the Appraiser addressed and delivered only to the Equity Investor and the Owner Participant and satisfactory in form and substance to the recipients.

• If there are adjustments to the Closing Date Appraisal conclusions, then Lessor's Cost, the Basic Term, and Fair Market Sales Value on the EBO Date shall be adjusted, as appropriate; provided that Lessor's Cost derived from the Commencement Date -------- Appraisal for the Transponders collectively will not exceed $300 million and the Lease Term (exclusive of any Renewal Term) will not be extended beyond eight years.

More Definitions of Closing Date Appraisal

Closing Date Appraisal has the meaning set forth in the Contribution Agreement.

Closing Date Appraisal means the appraisal delivered to Administrative Agent and Lenders pursuant to Annex D.

Closing Date Appraisal means that certain Machinery and Equipment Appraisal Report dated November 11, 2020 of M&E of Skywater performed by X. Xxxxx Advisory Services.

Closing Date Appraisal means the “desktop” appraisal by DAI Management Consultants, Inc.