Appraisal Requirement. The Lender shall have received and approved an Appraisal of the Project made within ninety (90) days prior to the date of this Agreement or such earlier date as may be acceptable to the Lender, which appraises the Project at not less than $35,714,286, and (ii) demonstrates to the Lender’s reasonable satisfaction that the Commitment does not exceed the Maximum Loan Amount. The appraiser and Appraisal must be satisfactory to the Lender (including satisfaction of applicable regulatory requirements) and the appraiser must be engaged directly by the Lender or its counsel; and
Appraisal Requirement. The RO must require CI appraisals for WA requests that establish insurability with submission deadlines after the SCD unless the request for WA is accepted and a WA offer is made by the RO before the crop is planted, or the RO does not require a CI appraisal for fall planted crops. The RO may also require CI appraisals when planting practices, farming practices, etc., may impact the production of the crop or for other situations as provided in (3) of this paragraph. When a CI appraisal is required, the RO will issue the WA offer unsigned and, if an acceptable CI appraisal showing all fields meet the potential yield in (1) of this paragraph is returned timely (see Paragraphs 54 and 56) with the WA, the RO will sign and issue the approved WA to the AIP. If no fields on the WA offer meet the potential yield in (1) of this paragraph, the RO must withdraw the WA offer and provide arbitration rights in accordance with Subparagraph 63D. If an acceptable CI appraisal is returned timely with the WA, however some of the fields do not meet the potential yield in (1) of this paragraph, the RO will sign and issue a modified approved WA containing only those fields that are insurable (the modified approved WA shall not change the terms of the insurable fields that were offered on the original WA, and shall not contain an insured’s signature area as the insured’s signature from the original WA offer accepting the terms of the WA is binding). The cover letter for the modified approved WA will provide the reason that not all of the fields on the originally issued WA are insurable. For the fields that do not meet the potential yield in (1) of this paragraph, the RO must withdraw the WA offer for those fields and provide arbitration rights in accordance with Subparagraph 63D. The AIP must perform a CI appraisal in accordance with the procedures listed below.
Appraisal Requirement. If the Company elects to have an appraisal performed for the purposes of determining the Appraised Value, such appraisal, and the resulting Appraised Value reflected therein, shall be updated no less frequently than every 24 months.
Appraisal Requirement. If this agreement should call for a formal appraisal of the property then the “Shall” statement in Section XV must be selected and the maximum number of days given after the appraisal results are received to renegotiate the agreement (if necessary) should be documented where requested. XVII. Termination (52)
Appraisal Requirement. Promptly following the Third Amendment Effective Date, Administrative Agent will be entitled to obtain, at Borrower’s expense, an Acceptable Appraisal for each Property (or any portion thereof) included in the Borrowing Base. Thereafter, Administrative Agent will be entitled to obtain, and at the request of Required Lenders shall obtain, at Borrower’s expense a new Acceptable Appraisal of each Property (or any portion thereof) included in the Borrowing Base, but not more than once every twelve (12) months during the term of this Agreement; provided that, in addition to the foregoing, Administrative Agent will be entitled to obtain, at Borrower’s expense, additional Acceptable Appraisals of any such Property (or any portion thereof) if (i) an Event of Default exists, or (ii) an appraisal is required under applicable Law.
Appraisal Requirement. No debt set- tlement offer will be accepted for less than the net recovery value of the se- curity as determined by a licensed ap- praiser or other qualified official, and concurred in by the Agency’s qualified appraisal review official or other quali- fied official.
Appraisal Requirement. Prior to the Effective Date, as a condition precedent to making the Loan, Lender shall have received a written appraisal prepared in conformance with the requirements of the Comptroller of the Currency confirming to the satisfaction of Lender that the Loan amount as a percentage of the as-is fair market value of the Property does not exceed seventy-five percent (75%) (“Loan-to-Value Percentage”).
Appraisal Requirement. To the extent the Borrower elects to have an appraisal performed for the purposes of determining the Appraised Value, such appraisal, and the resulting Appraised Value reflected therein, shall be updated no less frequently than every 24 months.
Appraisal Requirement. Lender shall have received a written appraisal ---------------------- prepared in conformance with the requirements of the Comptroller of the Currency confirming to the satisfaction of Lender that the Loan amount as a percentage of the fair market value of the Property and Improvements (after adjustment for senior liens and regular and special taxes and assessments) does not exceed seventy-five percent (75%) ("Loan-to-Value Percentage"); provided, however, in -------- ------- the event such fair market value is not adequate to meet the required Loan-to-Value Percentage, then Borrower shall, within thirty (30) days after written demand from Lender, pay down the outstanding principal balance of the Loan such that said required Loan-to-Value Percentage may be met.
Appraisal Requirement. The RO must require CI appraisals for WA requests that establish insurability with submission deadlines after the SCD unless, the request for WA is accepted and a WA offer is made by the RO before the crop is planted, or the RO does not require a CI appraisal for fall planted crops. The RO may also require CI appraisals when planting practices, farming practices, etc., may impact the production of the crop or for other situations as provided in (3) of this paragraph. When a CI appraisal is required, the WA offer must be issued unsigned and, if an acceptable CI appraisal is returned with the WA, the RO will sign and issue the approved WA to the AIP. A CI appraisal must be performed in accordance with the procedures listed below.
