Common use of Costs of Appraisal Clause in Contracts

Costs of Appraisal. Borrower shall pay for the costs of each Appraisal and each updated Appraisal only (i) after the occurrence of an Event of Default, or (ii) in connection with an annual Appraisal to be ordered by the Administrative Agent for each Borrowing Base Property, or (iii) in connection with any request by the Borrower to extend the Initial Maturity Date to the Extended Maturity Date, or (iv) if a material adverse change has occurred to any Borrowing Base Property.

Costs of Appraisal. The Borrower shall pay for the costs of (i) each Appraisal and (ii) each updated Appraisal only (i) after the occurrence and during the continuance of an Event of Default; provided, or (ii) in connection with an annual Appraisal however, Borrower shall not be required to be ordered by the Administrative Agent pay for each Borrowing Base Propertymore than one appraisal per year, or (iii) in connection with any request by the Borrower to extend the Initial Maturity Date to the Extended Maturity Date, or (iv) if a material adverse change has occurred to any Borrowing Base Propertyper property.

Costs of Appraisal. Borrower shall pay for the costs of each Appraisal and each updated Appraisal only (i) after once prior to the occurrence of an Event of Default, or Initial Maturity Date; (ii) pursuant to an Extension Request in connection accordance with an annual Appraisal to be ordered by the Administrative Agent for each Borrowing Base Property, or Section 2.9(a)(iii) hereof; (iii) in connection with any pursuant to a request by the Borrower to extend the Initial Maturity Date to the Extended Maturity Date, or in accordance with Section 7.16.3 hereof; and (iv) if Administrative Agent reasonably determines that a material adverse change has occurred to any Borrowing Base Property, or in any case after the occurrence of an Event of Default.”

Costs of Appraisal. Borrower shall pay for the costs of each Appraisal and each updated Appraisal only (i) after the occurrence of an Event of Default, Default or (ii) in connection with an annual Appraisal to be ordered by the if Administrative Agent for each Borrowing Base Property, or (iii) in connection with any request by the Borrower to extend the Initial Maturity Date to the Extended Maturity Date, or (iv) if reasonably determines that a material adverse change has occurred to any Borrowing Base Property.

Costs of Appraisal. The Borrower shall pay for the costs of each Appraisal and each updated Appraisal only (i) after the occurrence and during the continuance of an Event of Default, or (ii) if the Agent is granted a mortgage or deed of trust on a on an Individual Property pursuant to Section 7.21.1; provided, however, Borrower shall not be required to pay for more than one appraisal per year, per Individual Property unless an Event of Default shall be in connection with an annual Appraisal to be ordered by the Administrative Agent for each Borrowing Base Property, or (iii) in connection with any request by the Borrower to extend the Initial Maturity Date to the Extended Maturity Date, or (iv) if a material adverse change has occurred to any Borrowing Base Propertyexistence.