Common use of Appointment of Valuers Clause in Contracts

Appointment of Valuers. When a valuation is required for the purposes of this clause 25, the Agent (acting on the instructions of the Majority Lenders) or, if so approved at that time, the Borrower shall promptly appoint approved valuers to provide such a valuation. If the Borrower is approved to appoint valuers but fails to do so promptly, the Agent may appoint approved valuers to provide that valuation.

Appointment of Valuers. When a valuation is required for the purposes of this clause 2523, the Agent (acting on the instructions of the Majority Lenders) or, if so approved at that time, the Borrower shall promptly appoint approved valuers to provide such a valuation. If the Borrower is approved to appoint valuers but fails to do so promptly, the Agent may appoint approved valuers to provide that valuation.

Appointment of Valuers. When a valuation is required for the purposes of this clause 25, the Agent (acting on the instructions of the Majority Lenders) or, if so approved at that time, and the Borrower shall promptly each appoint approved valuers an Approved Valuer to provide such a valuation. If the Borrower is approved to appoint valuers but fails to do so promptly, the Agent may appoint approved valuers an Approved Valuer to provide that the Borrower’s valuation.

Appointment of Valuers. When a valuation is required for the purposes of this clause 2526, the Agent (acting on and the instructions of the Majority Lenders) or, if so approved at that time, the Borrower Borrowers shall promptly each appoint approved valuers an Approved Valuer to provide such a valuation. If the Borrower is approved to appoint valuers but fails Borrowers fail to do so promptly, the Agent may appoint approved valuers an Approved Valuer to provide that Borrowers’ valuation.