Common use of Additional Appraisals Required under Applicable Law Clause in Contracts

Additional Appraisals Required under Applicable Law. If under FIRREA or any other Applicable Law, a Lender is required to obtain an Appraisal of any Collateral Property in addition to any other Appraisal previously obtained with respect to such Property pursuant to this Agreement, the Agent shall have the right to cause such an Appraisal to be prepared at the Borrower’s cost and expense. The Borrowing Base shall be redetermined as a result of delivery of any such new Appraisal if Applicable Law requires such redetermination, in which case the Borrowing Base shall be redetermined in the manner required under such Applicable Law.

Additional Appraisals Required under Applicable Law. If under FIRREA or any other Applicable Law, a Lender is required to obtain an Appraisal of any Collateral Borrowing Base Property in addition to any other Appraisal previously obtained with respect to such Property pursuant to this Agreement, the Administrative Agent shall have the right to cause such an Appraisal to be prepared at the Borrower’s cost and expense. The Borrowing Base shall be redetermined as a result of delivery of any such new Appraisal if Applicable Law requires such redetermination, in which case the Borrowing Base shall be redetermined in the manner required under such Applicable Law.

Additional Appraisals Required under Applicable Law. If under FIRREA or any other Applicable Law, a Lender is required to obtain an Appraisal of any Collateral Property in addition to any other Appraisal previously obtained with respect to such Property pursuant to this Agreement, the Agent shall have the right to cause such an Appraisal to be prepared at the Borrower’s cost and expense. The Borrowing Base shall only be redetermined as a result of delivery of any such new Appraisal if Applicable Law requires such redetermination, in which case the Borrowing Base shall be redetermined in the manner required under such Applicable Law.

Additional Appraisals Required under Applicable Law. If under FIRREA or any other Applicable Law, a Lender is required to obtain an Appraisal of any Collateral Eligible Property subject to a Mortgage in addition to any other Appraisal previously obtained with respect to such Eligible Property pursuant to this Agreement, the Agent shall have the right to cause such an Appraisal to be prepared at the Borrower’s 's cost and expense. The Borrowing Base Value of such Eligible Property shall only be redetermined as a result of delivery of any such new Appraisal if Applicable Law requires such redetermination, in which case the such Borrowing Base Value shall be redetermined in the manner required under such Applicable Law.

Additional Appraisals Required under Applicable Law. If under FIRREA or any other Applicable Law, a Lender is required to obtain an Appraisal of any Collateral Borrowing Base Property in addition to any other Appraisal previously obtained with respect to such Property pursuant to this Agreement, the Agent shall have the right to cause such an Appraisal to be prepared at the Borrower’s cost and expense. The Borrowing Base shall be redetermined as a result of delivery of any such new Appraisal if Applicable Law requires such redetermination, in which case the Borrowing Base shall be redetermined in the manner required under such Applicable Law.

Additional Appraisals Required under Applicable Law. If under a specific provision of FIRREA or any other Applicable Law, a Lender is required to obtain an Appraisal of any Collateral Property in addition to any other Appraisal previously obtained with respect to such Property pursuant to this Agreement, the Agent shall have the right to cause such an Appraisal to be prepared at the Borrower’s cost and expense. The Borrowing Base shall be redetermined as a result of delivery of any such new Appraisal if Applicable Law requires such redetermination, in which case the Borrowing Base shall be redetermined in the manner required under such Applicable Law.