Appraisal Updates Sample Clauses

Appraisal Updates. The Borrower shall provide the Administrative Agent within the period of sixty (60) days preceding each Appraisal Update Date (but, in no event later than two (2) Business Days preceding each Appraisal Update Date), with three (3) CMV Appraisals and three (3) BV Appraisals of each Portfolio Aircraft.
Sample 1Sample 2
AutoNDA by SimpleDocs
Appraisal Updates. (x) together with each delivery of financial statements of the Borrower Entities pursuant to subdivision (i) of this subsection 5.3 (other than with respect to the Fiscal Quarter ending on June 30, 2007), a Qualified Appraisal Update that provides an Appraised Value of the remaining portion of any Real Property Collateral effective as of the last day of the preceding Fiscal Quarter; and together with each delivery of financial statements of the Borrower Entities pursuant to subdivision (ii) of this subsection 5.3 (other than with respect to the Fiscal Year ending on December 31, 2006), a Qualified Appraisal Update that provides an Appraised Value of the remaining portion of all Real Property Collateral effective as of the last day of the preceding Fiscal Quarter and (y) together with the delivery of each Qualified Appraisal Update required pursuant to clauses (i) and (ii) above, to the extent that any such Qualified Appraisal Update is not prepared by CB Rxxxxxx Xxxxx, Inc., an additional Qualified Appraisal prepared by CB Rxxxxxx Xxxxx, Inc.; provided that any such additional appraisal shall not be utilized in the determination of the Appraised Value of the Real Property Collateral for purposes of compliance with the financial covenant set forth in subsection 6.6 or an Event of Default under subsection 7.9;
Sample 1
Appraisal Updates. Upon request of Bank, Borrower shall obtain at its sole cost an updated appraisal of the Property on the fifth anniversary of the conversion of the Construction Loan to the Term Loan. The Loan to Value Ratio may not exceed 75%. If the updated appraisal indicates the Loan to Value Ratio exceeds 75%, then the Borrower will make the applicable principal paydown necessary to bring the Loan into margin.
Sample 1
Appraisal Updates. The Borrower shall provide the Administrative Agent within the period of sixty (60) days preceding each Appraisal Update Date (but, in no event later than two (2) Business Days preceding each Appraisal Update Date), with three (3) CMV Appraisals of each Aircraft. Each of the Lenders agrees that the Administrative Agent may, in lieu of providing each such Lender with a copy of each Appraisal, on receipt thereof, post each such Appraisal onto an Approved Electronic Platform in accordance with Section 10.19 and such posting shall satisfy any obligation of the Administrative Agent, whether imposed pursuant to any provision under the Loan Documents or otherwise, to provide such Appraisal to the Lenders.
Sample 1
Appraisal Updates. From and after the first anniversary of Conference Substantial Completion, from time to time upon the request of Agent, but no more than once in any calendar year, deliver to Agent, an Appraisal Update.
Sample 1
Appraisal Updates. Each appraisal shall be updated, at the sole cost and expense of Borrower, as Bank may reasonably require. Based on such revised appraisals and any other information provided to Bank, Bank shall be entitled to revise the Allocation amount applicable to any Allocation or remargin the Allocation based on the Maximum Allocation-to-Value Ratio.
Sample 1
Appraisal Updates. Each Base Appraisal shall be updated, at the sole cost and expense of Borrower, and all FNMA appraisals or other appraisals accepted by Lender that do not have a specific expiration date shall be updated at Lender's request. Based on such revised appraisals and any other information provided to Lender, Lender shall be entitled to revise the Home Construction Budgets and Maximum Allowed Advances applicable to any Home.
Sample 1
AutoNDA by SimpleDocs
Appraisal Updates a. As necessary, the appraiser will prepare complete appraisal update for the parcel to be acquired utilizing TxDOT’s appropriate forms. These reports shall conform to TxDOT policies and procedures along with the Uniform Standards of Professional Appraisal Practices. The cost of the appraiser’s preparation of the appraisal update will be billed at an additional cost to be agreed upon prior to execution.
Sample 1
Appraisal Updates a) Prepare complete appraisal update for the parcel to be acquired utilizing TxDOT Form No. ROW-A-5, which will be furnished to the Engineer by TxDOT. These reports shall conform to County/TxDOT policies and procedures along with the Uniform Standards of Professional Appraisal Practices.
Sample 1

Related to Appraisal Updates

  • Appraisal Rights Notwithstanding anything in this Agreement to the contrary, shares (the “Appraisal Shares”) of Company Common Stock issued and outstanding immediately prior to the Effective Time that are held by any holder who is entitled to demand and properly demands appraisal of such shares pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (“Section 262”) shall not be converted into the right to receive the Merger Consideration as provided in Section 2.01(b), but instead such holder shall be entitled to payment of the “fair value” of such shares in accordance with the provisions of Section 262. At the Effective Time, the Appraisal Shares shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of Appraisal Shares shall cease to have any rights with respect thereto, except the right to receive the Pre-Merger Special Dividend, any dividends in accordance with Section 2.02(c) and the right to receive the “fair value” of such Appraisal Shares in accordance with the provisions of Section 262. Notwithstanding the foregoing, if any such holder fails to perfect or otherwise waives, withdraws or loses the right to appraisal under Section 262 or a court of competent jurisdiction determines that such holder is not entitled to the relief provided by Section 262, then the right of such holder to be paid the “fair value” of such holder’s Appraisal Shares under Section 262 shall cease and such Appraisal Shares shall cease to be Appraisal Shares and be deemed to have been converted at the Effective Time into, and shall have become, the right to receive the Merger Consideration as provided in Section 2.01(b), without any interest thereon. The Company shall give prompt written notice to Parent of any demands for appraisal of any shares of Company Common Stock, withdrawals of such demands and any other instruments served pursuant to the DGCL received by the Company, and Parent shall have the right to participate in negotiations and proceedings with respect to such demands. Prior to the Effective Time, the Company shall not, without the prior written consent of Parent (such consent not to be unreasonably withheld, conditioned or delayed), voluntarily make any payment with respect to, or settle or offer to settle, any such demands, or agree to do or commit to do any of the foregoing.

  • Updated Appraisals For so long as the Loan remains outstanding, if any Event of Default shall occur hereunder, or if, in Lender’s judgment, a material depreciation in the value of the Land and/or the Improvements shall have occurred, then in any such event, Lender, may cause the Land and Improvements to be appraised by an appraiser selected by Lender, and in accordance with Lender’s appraisal guidelines and procedures then in effect, and Borrower agrees to cooperate in all respects with such appraisals and furnish to the appraisers all requested information regarding the Land and Improvements and the Facility. Borrower agrees to pay all reasonable costs incurred by Lender in connection with such appraisal which costs shall be secured by the Mortgage and shall accrue interest at the Default Rate until paid.

  • Independent Appraiser A Person with no material current or prior business or personal relationship with the Advisor or the Directors and who is a qualified appraiser of Real Property of the type held by the Company or of other Assets as determined by the Board. Membership in a nationally recognized appraisal society such as the American Institute of Real Estate Appraisers or the Society of Real Estate Appraisers shall be conclusive evidence of such qualification as to Real Property.

  • Inspections; Appraisals (a) Permit Agent from time to time, subject (except when a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s or Subsidiary’s books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Borrower’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lenders may participate in any such visit or inspection, at their own expense. Neither Agent nor any Lender shall have any duty to any Borrower to make any inspection, nor to share any results of any inspection, appraisal or report with any Borrower. Borrowers acknowledge that all inspections, appraisals and reports are prepared by Agent and Lenders for their purposes, and Borrowers shall not be entitled to rely upon them.

  • Appraisal The Mortgage File contains an appraisal of the related Mortgaged Property with an appraisal date within 6 months of the Mortgage Loan origination date, and within 12 months of the Cut-off Date. The appraisal is signed by an appraiser that (i) was engaged directly by the originator of the Mortgage Loan or the Mortgage Loan Seller, or a correspondent or agent of the originator of the Mortgage Loan or the Mortgage Loan Seller, and (ii) to the Mortgage Loan Seller’s knowledge, had no interest, direct or indirect, in the Mortgaged Property or the Mortgagor or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan. Each appraiser has represented in such appraisal or in a supplemental letter that the appraisal satisfies the requirements of the “Uniform Standards of Professional Appraisal Practice” as adopted by the Appraisal Standards Board of the Appraisal Foundation.

  • Waiver of Appraisal Rights Each Stockholder hereby waives any rights of appraisal or rights to dissent from the Merger.

  • No Appraisal Rights Shareholders shall have no right to demand payment for their Shares or to any other rights of dissenting Shareholders in the event the Trust participates in any transaction which would give rise to appraisal or dissenters’ rights by a stockholder of a corporation organized under the General Corporation Law of the State of Delaware or would otherwise give rise to such appraisal or dissenters’ rights.

Time is Money Join Law Insider Premium to draft better contracts faster.