Delivery of Appraisal. Deliver, or cause to be delivered, by June 30, 2016 (and on the annual anniversary thereof) (or, in each case, such later date agreed upon by the Administrative Agent in its sole discretion), to the Administrative Agent an appraisal report from an Approved Appraiser with respect to the Compressor Equipment, in form and substance reasonably satisfactory to the Administrative Agent (it being understood that (a) such appraisal shall, among other things, provide reasonable detail on (i) fair market values of the Compressor Equipment and (ii) Orderly Liquidation Value of the Compressor Equipment and (b) the first appraisal report delivered hereunder shall be conducted on the basis of field exams while subsequent appraisal reports shall, regardless of whether a field exam is completed, be based on data collected and verified no more than thirty (30) days prior to delivery of such appraisal report); provided that, the Administrative Agent may request one (1) additional appraisal report from an Approved Appraiser otherwise consistent with the forgoing requirements in between each annual delivery made pursuant to this Section 6.19; provided further that, if an Event of Default has occurred and is continuing, the Administrative Agent may request an appraisal report from an Approved Appraiser with respect to the Compressor Equipment at any time from time to time. Notwithstanding anything else to the contrary herein, the Parent Borrower agrees to reimburse all reasonable fees, costs and expenses of the Approved Appraiser in connection with delivery of the appraisals required hereunder.”
2.7 Amendment to Section 7.05(c)
Delivery of Appraisal. The Issuer shall, as promptly as commercially practicable, but in any event within 90 days after the Closing Date, furnish to the Series 2007-1 Noteholders, the Administrative Agent and the Indenture Trustee an Appraisal covering each item of Original Equipment.
Delivery of Appraisal. Not more than two (2) months after receipt of the Exercise Notice, each of the Authority and StadCo shall deliver to the other Party an appraisal (including all relevant backup information necessary for such other Party to fully assess such appraisal) prepared in accordance with the appraisal instructions by a Qualified Appraiser selected by such Party and setting forth the Qualified Appraiser’s determination of the Purchase Price (such appraisals, the “Initial Appraisals”). If the Initial Appraisals’ valuations of the Purchase Price are within ten percent (10%) of one another, then the Purchase Price shall be the average of the Initial Appraisals’ valuations. If the Initial Appraisals’ valuations of the Purchase Price are not within ten percent (10%) of one another, then the Qualified Appraisers which prepared the Initial Appraisals shall agree upon and appoint a third Qualified Appraiser (the “Neutral Appraiser”). The Neutral Appraiser shall prepare an appraisal (including all relevant backup information necessary for the Parties to fully assess such appraisal) prepared in accordance with the appraisal instructions and setting forth the Neutral Appraiser’s determination of the Purchase Price (the “Neutral Valuation”). The Purchase Price shall be the average of the Neutral Valuation and the valuation of the Purchase Price set forth in the Initial Appraisal which is closest to the Neutral Valuation. If either Party fails to deliver the required appraisal within the time period provided in this Section 11.2 (Option to Purchase) and such failure continues for twenty (20) Business Days after notice of such failure is given by other Party, the appraisal that was timely delivered (if any) shall determine the Purchase Price.
Delivery of Appraisal. Deliver to Credit Bank within 30 --------------------- days of the Date of Issuance the appraisal for the Project called for in Section 5.24(e) of the Building Loan Agreement.
Delivery of Appraisal. Not more than two (2) months after receipt of the Exercise Notice, the Authority shall deliver to StadCo an appraisal (including all relevant backup information necessary for StadCo to fully assess such appraisal) prepared in accordance with the Appraisal Instructions by a Qualified Appraiser selected by the Authority and setting forth such appraiser’s determination of the Appraised Value.
Delivery of Appraisal. On or before the date that is 180 days after the Closing Date, the Lessee shall deliver to the Agent a report of the Appraiser (an “Appraisal”), paid for by the Lessee, which shall meet the requirements of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, shall be satisfactory to each Funding Party and shall state in a manner satisfactory to each Funding Party the estimated “fair market” value of the Land and the Building to be constructed thereon. Such Appraisal must show that the “as vacant” value of the Leased Property (determined as if the Building had already been completed in accordance with the Plans and Specifications) is at least equal to $39,000,000. Failure by the Lessee to deliver such Appraisal on or before such date shall constitute a Construction Agency Event of Default.
Delivery of Appraisal. With respect to each Mortgaged Property related to a RTL Mortgage Loan that is subject to a proposed Transaction, the related Seller shall have delivered to Buyer a true and complete copy of an Appraisal for such Mortgaged Property dated no more than ninety (90) days prior to the requested Purchase Date;
