Appraisal Evaluation. Upon receipt of an Appraisal, Administrative Agent will review the Appraisal in accordance with the appraisal policies and procedures of Administrative Agent and determine the Appraised Value. Administrative Agent will notify Borrower of such approval of the Appraised Value.
Appears in 5 contracts
Samples: Credit Agreement (Cole Office & Industrial REIT (CCIT III), Inc.), Borrowing Base Revolving Line of Credit Agreement (Cole Credit Property Trust Iv, Inc.), Borrowing Base Revolving Line of Credit Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.)
Appraisal Evaluation. Upon receipt of an Appraisal, Administrative the Agent will review the Appraisal in accordance with the appraisal policies Appraisal Policy and procedures of Administrative Agent and determine the establish a Unit Appraised Value or an A&D Project Appraised Value, as applicable. Administrative The Agent will notify Borrower of such approval Unit Appraised Value or A&D Appraised Value and deliver to Borrower a copy of the Appraised Valueeach Appraisal upon receipt.
Appears in 1 contract
Samples: Udc Master Revolving Line of Credit Loan Agreement (Borrowing Base) (Udc Homes Inc)
Appraisal Evaluation. Upon receipt of an Appraisal, Administrative Agent will review the Appraisal in accordance with the appraisal policies and procedures of Administrative Agent and determine the Appraised Value. Administrative Agent will notify Borrower of such approval of the Appraised Value.
Appears in 1 contract
Samples: Borrowing Base Revolving Line of Credit Agreement (Industrial Income Trust Inc.)
