Required Appraisal shall have the meaning provided in Section 8.11(g).
Required Appraisal means, with respect to each Required Appraisal Loan, an appraisal of the related Mortgaged Property from an Independent Appraiser selected by the party required or authorized to obtain such appraisal hereunder, which appraisal shall be prepared in accordance with 12 CFR ss. 225.62 and conducted in accordance with the standards of the Appraisal Institute or, in the case of a Required Appraisal Loan having a Stated Principal Balance of, or in the case of a Mortgaged Property that has an allocated loan amount of, less than $2,000,000, if no satisfactory (as determined by the Special Servicer pursuant to Section 3.09(a)) appraisal meeting the foregoing criteria was obtained or conducted within the prior 12 months, a "desktop" value estimate performed by the Special Servicer.
Required Appraisal. With respect to each Required Appraisal Mortgage Loan, an appraisal of the related Mortgaged Property from an Independent Appraiser selected by the Special Servicer.
Examples of Required Appraisal in a sentence
The following provisions and guidelines will be utilized by the Regents in authorizing the acquisition of real properties: 4.5.4.1.1. Required Appraisal – For acquisitions of property by purchase or exchange a fair market value of property shall be established that is based on an appraisal completed by a State of Utah licensed MAI appraiser with the purchase price not to exceed the appraised value unless otherwise justified.
Contract for Statutorily Required Appraisal ServicesAdministrator/Controller Scott stated this appraisal services agreement was for this calendar year and gets us through the appraisal cycle now through the end of December.
These defaults breached the Client Guide including without limitation section 4A.4 - 4A.5 of June 25, 2007 GMAC RFC Client Guide, Housing Payment History, and section 9C.7 of June 25, 2007 GMAC RFC Required Appraisal Forms.
At the completion of the Work, Construction Manager shall remove all debris, rubbish, and waste materials from and about the Project site, as well as all tools, appliances, construction equipment and machinery and surface materials, and shall leave the Project site clean and ready for occupancy by Owner.
Required Appraisal Experience Experience time is counted from the first logged appraisal through the last logged appraisal.
More Definitions of Required Appraisal
Required Appraisal. With respect to each Required Appraisal Mortgage Loan, an appraisal of the related Mortgaged Property from an Independent Appraiser selected by the Special Servicer, prepared in accordance with 12 C.F.R. ss. 225.64 and conducted in accordance with the standards of the Appraisal Institute.
Required Appraisal means, with respect to each Required Appraisal Loan, an appraisal of the related Mortgaged Property from an Independent Appraiser selected by the party required or authorized to obtain such appraisal hereunder, which appraisal shall be prepared in accordance with 12 CFR Section 225.62 and conducted in accordance with the standards of the Appraisal Institute.
Required Appraisal means an appraisal of the Mortgaged Property or REO Property, as applicable, from an independent appraiser selected by the Participation A-1 Holder, which appraisal shall be prepared in accordance with 12 C.F.R.
Required Appraisal shall have the meaning provided in Section 7.11. Required Lenders shall mean Non-Defaulting Lenders, the sum of whose outstanding Term Loans and Revolving Loan Commitments (or after the termination thereof, outstanding Revolving Loans and Revolving Loan Percentage of outstanding Swingline Loans and outstanding Letter of Credit Obligations) represent an amount greater than 50% of the sum of all outstanding Term Loans of Non-Defaulting Lenders and the Total Revolving Loan Commitments (less the Revolving Loan Commitments of Defaulting Lenders) (or after the termination thereof, the sum of the then total outstanding Revolving Loans of Non-Defaulting Lenders and their aggregate Revolving Loan Percentages of all then outstanding Swingline Loans and outstanding Letter of Credit Obligations); provided, however, that at any time when there exists more than one Lender (for all purposes of this proviso, each Lender and any of its Affiliates which is also a Lender shall be deemed to constitute a single Lender) under this Agreement, and if a single Lender hereunder would constitute the Required Lenders in accordance with the foregoing definition, then the "Required Lenders" shall be required to include at least two Lenders. Requirement of Law shall mean, as to any Person, the Governing Documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. Restatement Effective Date shall have the meaning provided in Section 11.14.
Required Appraisal means, with respect to each Required Appraisal Loan, an appraisal of the related Mortgaged Property from an Independent Appraiser selected by the party required or authorized to obtain such appraisal hereunder, which appraisal shall be prepared in accordance with 12 CFR ss.225.62 and conducted in accordance with the standards of the Appraisal Institute or, in the case of a Required Appraisal Loan having a Stated Principal Balance of, or in the case of a Mortgaged Property that secures an allocated loan amount of $2,000,000 or less, in respect of which no satisfactory (as determined by the Special Servicer pursuant to Section 3.09(a)) appraisal meeting the foregoing criteria was obtained or conducted within the prior 12 months, either (a) a "desktop" value estimate performed by the Special Servicer or (b) at the option of the Special Servicer with the consent of the Controlling Class Representative, an appraisal from an Independent Appraiser meeting the criteria specified above in this definition.
Required Appraisal means, with respect to each Required Appraisal Loan, an appraisal of the related Mortgaged Property from an Independent Appraiser selected by the party required or authorized to obtain such appraisal hereunder, which appraisal shall be prepared in accordance with 12 CFR Section 225.62 and conducted in accordance with the standards of the Appraisal Institute or, in the case of a Required Appraisal Loan having a Stated Principal Balance of less than $2,000,000, in respect of which no satisfactory (as determined by the Special Servicer pursuant to Section 3.09(a)) appraisal meeting the foregoing criteria was obtained or conducted within the prior 12 months, either (a) a "desktop" value estimate performed by the Special Servicer or (b) at the option of the Special Servicer with the consent of the Controlling Class Representative, an appraisal from an Independent Appraiser meeting the criteria specified above in this definition.
Required Appraisal. With respect to each Required Appraisal Mortgage Loan, an Independent MAI-designated appraisal of the related Mortgaged Property from an Independent MAI-designated appraiser, who hasa minimum of five years experience in the subject property type and market.