New Appraisal definition

New Appraisal means an Appraisal of the Property, acceptable to Administrative Agent, dated no more than ninety (90) days prior to the then current Maturity Date.
Sample 1Sample 2
New Appraisal means an appraisal in form and substance acceptable to Lender dated no more than sixty (60) days prior to the Defeasance Date.
Sample 1Sample 2
New Appraisal means, for any Purchased Asset, an appraisal prepared by (i) the same appraiser that performed an appraisal on such Purchased Asset for Purchaser prior to the Closing Date or (ii) if such appraiser is no longer actively engaged in the business of appraising commercial real estate of similar size, quality and condition as the related Mortgaged Property or is otherwise no longer a reputable appraiser, in each case as determined by Purchaser in its sole and absolute discretion, an appraiser acceptable to Seller and Purchaser; provided, that if Seller and Purchaser fail to agree in good faith on such appraiser, Purchaser shall select such appraiser in its sole and absolute discretion.
Sample 1

Examples of New Appraisal in a sentence

  • The following table sets forth the market value of each of the Partnership's properties as specified in the New Appraisal Information.

  • The New Appraisal Information was obtained in connection with the General Partners' consideration of a possible settlement of the California Action (as defined in paragraph 12 below).

  • In addition to Administrative Agent’s right to obtain a New Appraisal at Borrower’s sole cost and expense as specifically set forth in this Agreement, Administrative Agent shall have the right to obtain a New Appraisal at Borrower’s sole cost expense one time per year, except, if an Event of Default has occurred and is continuing, Administrative Agent shall have the right to obtain more than one New Appraisal at Borrower’s sole cost and expense during a calendar year.

  • The purchase price being offered by the Purchaser is 33% less than $141.85, which is an amount (the "Revised Deemed Net Asset Value Per Unit") equal to (i) the sum of the appraised value of the limited partners' share of the Partnership's real estate assets (based on the New Appraisal Information) plus the Partnership's net current assets at March 31, 1998 (based on the Partnership's balance sheet at that date), divided by (ii) the number of outstanding Units at March 31, 1998.

  • The parties hereto agree that in the event the Seller elects to have such New Appraisal done within the Appraisal Period, and such New Appraisal reflects a different value for the Fixed Assets, the parties will adjust the Purchase Price (either upward or downward as appropriate) based upon such New Appraisal; provided that in no event shall the Purchase Price be adjusted by more than $46,500.

  • Notwithstanding the foregoing, the Seller shall have the right, exercisable on or before November 14, 1997 (the "Appraisal Period"), to have a second appraisal (the "New Appraisal") done on the Fixed Assets.

  • The purchase price being offered by the Purchaser is 16% less than $150.10, which is an amount (the "Revised Deemed Net Asset Value Per Unit") equal to (i) the sum of the appraised value of the limited partners' share of the Partnership's real estate assets (based on the New Appraisal Information) plus the Partnership's net current assets at March 31, 1998 (based on the Partnership's balance sheet at that date), divided by (ii) the number of outstanding Units at March 31, 1998.

  • In the event that Lender shall elect to obtain such a New Appraisal, Lender may immediately commission an appraiser acceptable to Lender, at Borrower’s cost and expense, to prepare the New Appraisal and Borrower shall fully cooperate with Lender and the appraiser in obtaining the necessary information to prepare such New Appraisal.

  • The New Appraisal Information was obtained in connection with the General Partners' consideration of a possible settlement of the California Action (as defined in paragraph 11 below).

  • The purchase price being offered by the Purchaser is 31% less than $123.34, which is an amount (the "Revised Deemed Net Asset Value Per Unit") equal to (i) the sum of the appraised value of the limited partners' share of the Partnership's real estate assets (based on the New Appraisal Information) plus the Partnership's net current assets at March 31, 1998 (based on the Partnership's balance sheet at that date), divided by (ii) the number of outstanding Units at March 31, 1998.


More Definitions of New Appraisal

New Appraisal means an Appraisal of an Additional Collateral Property delivered to Agent in connection with the satisfaction of the Additional Collateral Property Conditions with respect thereto.
Sample 1
New Appraisal means an appraisal in form and substance acceptable to Lender dated no more than sixty (60) days prior to the Defeasance Date. “ New Mezzanine Loan ” shall have the meaning set forth in Section 9.4(a) hereof.
Sample 1

Related to New Appraisal

  • 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.

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

  • 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).

  • 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).

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

  • 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.

  • Appraisal review means the act or process of developing

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

  • 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.

  • 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.

  • Appraisal District means the Xxxxxx County Appraisal District.

  • Qualified Appraiser An appraiser, duly appointed by the Seller, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation was not affected by the approval or disapproval of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfied the requirements of Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated.

  • MAI Appraiser With respect to any real property, a member of the American Institute of Real Estate Appraisers with a minimum of 5 years of experience appraising real property of a type similar to the real property being appraised and located in the same geographical area as the real property being appraised.

  • 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 Engineer means XxXxxxxx and XxxXxxxxxxx or any other third party engineering firm acceptable to the Administrative Agent in its sole discretion.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Appraiser An Independent nationally recognized professional commercial real estate appraiser who (i) is a member in good standing of the Appraisal Institute, (ii) if the state in which the related Mortgaged Property is located certifies or licenses appraisers, is certified or licensed in such state, and (iii) has a minimum of five years’ experience in the related property type and market.

  • 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.

  • FIRREA The Financial Institutions Reform, Recovery, and Enforcement Act of 1989.

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

  • Appraisal Foundation means the Appraisal Foundation established on November 30, 1987, as a not-for-profit corporation under the laws of Illinois.