Common use of Delivery of Appraisals Clause in Contracts

Delivery of Appraisals. No later than: (1) commencing with the fiscal year ended December 31, 2024, each of (x) June 30 of each year and (y) a date to be selected by the Borrower from time to time between July 1 and December 31 of each year, but in any event, no earlier than five (5) months after the delivery of the appraisal set forth in clause (x) for such year; and (2) the 45-day period following a written request by the Administrative Agent if an Event of Default has occurred and is continuing, the Borrower will deliver to the Administrative Agent one or more Appraisals establishing the Appraised Value of the Collateral (other than any cash or Cash Equivalents in the Collateral). For the avoidance of doubt, the Appraised Value of any Qualified Replacement Assets or Additional Collateral (other than any cash or Cash Equivalents) pledged by the Borrower or another Grantor that has not previously been included in an Appraisal shall be deemed to be zero until an Appraisal of such Qualified Replacement Assets or Additional Collateral has been delivered to the Administrative Agent. Subject to the next succeeding sentence, the Borrower shall deliver the Appraisals described above to the Administrative Agent and the Administrative Agent shall make such Appraisals available to the Lenders by posting such information on the confidential, non-public portion of Intralinks website on the Internet at xxxx://xxx.xxxxxxxxxx.xxx and/or on the DebtDomain website on the Internet at xxxx://xxx.xxxxxxxxxx.xxx. Information required to be delivered pursuant to this Section 5.06 by the Borrower shall be delivered pursuant to Section 10.01 and shall be deemed to contain material non-public information.

Delivery of Appraisals. No WithinNo later than: (1) the 30-day period prior to May 31 of each year, commencing with the fiscal year ended December May 31, 2024, each 2016each of (x) June 30 of each year and (y) a date to be selected by the Borrower from time to time between July 1 and December 31 of each year, but in any event, no earlier than five (5) months after the delivery of the appraisal set forth in clause (x) for such year; and (2) the 45-day period following a written request by the Administrative Agent if an Event of Default has occurred and is continuing, the Borrower will deliver to the Administrative Agent one or more Appraisals establishing the Appraised Value of the Collateral (other than any cash or Cash Equivalents in the Collateral). For the avoidance of doubt, the Appraised Value of any Qualified Replacement Assets or Additional Collateral (other than any cash or Cash Equivalents) pledged by the Borrower or another Grantor that has not previously been included in an Appraisal shall be deemed to be zero until an Appraisal of such Qualified Replacement Assets or Additional Collateral has been delivered to the Administrative Agent. Subject to the next succeeding sentence, the Borrower shall deliver the Appraisals described above to the Administrative Agent and the Administrative Agent shall make such Appraisals available to the Lenders by posting such information on the confidential, non-public portion of Intralinks website on the Internet at xxxx://xxx.xxxxxxxxxx.xxx and/or on the DebtDomain website on the Internet at xxxx://xxx.xxxxxxxxxx.xxxwww.debtdomain.comSyndTrak website or other lender site maintained by the Administrative Agent, which other lender site the Administrative Agent identifies to the Borrower in writing. Information required to be delivered pursuant to this Section 5.06 by the Borrower shall be delivered pursuant to Section 10.01 and shall be deemed to contain material non-public information.

Delivery of Appraisals. No later than: (1) A single time during each calendar year, commencing with the fiscal year ended December 31, 2024, in 2017; andNo later than: each of (x) June 30 of each year and (y) a date to be selected by the Borrower from time to time between July 1 and December 31 of each year, but in any event, no earlier than five (5) months after the delivery of the appraisal set forth in clause (x) for such year; and (2) within the 45-day period following a written request by the Administrative Agent if an Event of Default has occurred and is continuing, the Borrower will deliver to the Administrative Agent one or more Appraisals Appraisal establishing the Appraised Value of the Collateral (other than any cash or Cash Equivalents in the Collateral); provided that, the delivery of each Additional Appraisal shall solely be made to the Administrative Agent, for the benefit of the Revolving Lenders and may be a desktop appraisal. For the avoidance of doubt, the Appraised Value of any Qualified Replacement Assets or Additional Collateral (other than any cash or Cash Equivalents) pledged by the Borrower or another Grantor that has not previously been included in an Appraisal shall be deemed to be zero until an Appraisal of such Qualified Replacement Assets or Additional Collateral has been delivered to the Administrative Agent. Subject to the next succeeding sentence, the Borrower shall deliver the Appraisals described above to the Administrative Agent and the Administrative Agent shall make such Appraisals available to the Lenders by posting such information on the confidential, non-public portion of Intralinks the SyndTrak website on the Internet at xxxx://xxx.xxxxxxxxxx.xxx and/or on the DebtDomain website on the Internet at xxxx://xxx.xxxxxxxxxx.xxxxxxx://xxx.xxxxxxxx.xxx. Information required to be delivered pursuant to this Section 5.06 by the Borrower shall be delivered pursuant to Section 10.01 and shall be deemed to contain material non-public information.

Delivery of Appraisals. No later than: (1) commencing with the fiscal year ended December 31, 2024, each of (x) June 30 of each year and (y) a date to be selected by the Borrower from time to time between July 1 and December 31 of each year, but in any event, no earlier than five (5) months after the delivery of the appraisal set forth in clause (x) for such year; and (2) the 45-45 day period following a written request by the Administrative Agent if an Event of Default has occurred and is continuing, the Borrower will deliver to the Administrative Agent one or more Appraisals establishing the Appraised Value of the Collateral (other than any cash or Cash Equivalents in the Collateral). The delivery of each Additional Appraisal shall solely be made to the Administrative Agent, for the benefit of the Revolving Lenders. For the avoidance of doubt, the Appraised Value of any Qualified Replacement Assets or Additional Collateral (other than any cash or Cash Equivalents) pledged by the Borrower or another Grantor that has not previously been included in an Appraisal shall be deemed to be zero until an Appraisal of such Qualified Replacement Assets or Additional Collateral has been delivered to the Administrative Agent. Subject to the next succeeding sentence, the Borrower shall deliver the Appraisals described above to the Administrative Agent and the Administrative Agent shall make such Appraisals available to the Lenders by posting such information on the confidential, non-public portion of Intralinks website on the Internet at xxxx://xxx.xxxxxxxxxx.xxx and/or on the DebtDomain website on the Internet at xxxx://xxx.xxxxxxxxxx.xxx. Information required to be delivered pursuant to this Section 5.06 by the Borrower shall be delivered pursuant to Section 10.01 and shall be deemed to contain material non-public information.

Delivery of Appraisals. No WithinNo later than: (1) the 30 day period prior to May 31 of each year commencing with the fiscal year ended December May 31, 2024, each 2016each of (x) June 30 of each year and (y) a date to be selected by the Borrower from time to time between July 1 and December 31 of each year, but in any event, no earlier than five (5) months after the delivery of the appraisal set forth in clause (x) for such year; and (2) the 45-45 day period following a written request by the Administrative Agent if an Event of Default has occurred and is continuing, the Borrower will deliver to the Administrative Agent one or more Appraisals establishing the Appraised Value of the Collateral (other than any cash or Cash Equivalents in the Collateral). The delivery of each Additional Appraisal shall solely be made to the Administrative Agent, for the benefit of the Revolving Lenders. For the avoidance of doubt, the Appraised Value of any Qualified Replacement Assets or Additional Collateral (other than any cash or Cash Equivalents) pledged by the Borrower or another Grantor that has not previously been included in an Appraisal shall be deemed to be zero until an Appraisal of such Qualified Replacement Assets or Additional Collateral has been delivered to the Administrative Agent. Subject to the next succeeding sentence, the Borrower shall deliver the Appraisals described above to the Administrative Agent and the Administrative Agent shall make such Appraisals available to the Lenders by posting such information on the confidential, non-public portion of Intralinks website on the Internet at xxxx://xxx.xxxxxxxxxx.xxx and/or on the DebtDomain website on the Internet at xxxx://xxx.xxxxxxxxxx.xxx. Information required to be delivered pursuant to this Section 5.06 by the Borrower shall be delivered pursuant to Section 10.01 and shall be deemed to contain material non-public information.