Common use of Debt Appraisal Letter Clause in Contracts

Debt Appraisal Letter. On or before the Closing Date, Loan Participant shall have received a letter from the equipment appraiser setting forth the appraiser’s opinion as to the fair market value of the applicable Units and that such fair market value is not less than the Equipment Cost for such Units.

Appears in 1 contract

Samples: Participation Agreement (Kansas City Southern)

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Debt Appraisal Letter. On or before the Closing Delivery Date, Loan Participant shall have received a letter from the equipment appraiser setting forth the appraiser’s opinion as to the fair market value of the applicable Units and that such fair market value is not less than the Equipment Cost for such Units.

Appears in 1 contract

Samples: Participation Agreement (Kansas City Southern)

Debt Appraisal Letter. On or before the Closing such Delivery Date, Loan Participant shall have received a letter from the equipment appraiser setting forth the appraiser’s opinion as to the fair market value of the applicable Units and that such fair market value is not less than the Equipment Cost for such Units.

Appears in 1 contract

Samples: Participation Agreement (Kansas City Southern)

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Debt Appraisal Letter. On or before the such Closing Date, each Loan Participant shall have received a letter from the equipment appraiser setting forth the appraiser’s opinion as to the fair market value of the applicable Units and that such fair market value is not less than the Equipment Cost for such Unitsthe applicable Equipment.

Appears in 1 contract

Samples: Participation Agreement (Kansas City Southern)

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