Common use of Delivery of Appraisals Clause in Contracts

Delivery of Appraisals. (1) A single time during each calendar year, commencing in 2017, with respect to each category of Collateral; and (2) within the 45-day period following a request by the Administrative Agent if an Event of Default has occurred and is continuing, the Borrower will deliver to the Administrative Agent one Appraisal establishing the Appraised Value of such 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 the SyndTrak website on the Internet at xxxx://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. Within: (1) A single time during the 30-day period prior to May 31 of each calendar year, commencing in 2017May 31, with respect to each category of Collateral2016; and (2) within the 45-day period following a request by the Administrative Agent if an Event of Default has occurred and is continuing, the Borrower will deliver to the Administrative Agent one Appraisal or more Appraisals establishing the Appraised Value of such 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 the SyndTrak DebtDomain website on the Internet at xxxx://xxx.xxxxxxxx.xxxxxx.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 later than: (1) A single each of (x) June 30 of each year and (y) a date to be selected by the Borrower from time during to time between July 1 and December 31 of each calendar year, commencing but in 2017any event, with respect to each category no earlier than five (5) months after the delivery of Collateralthe appraisal set forth in clause (x) for such year; and (2) within the 45-day period following a request by the Administrative Agent if an Event of Default has occurred and is continuing, the Borrower will deliver to the Administrative Agent one Appraisal or more Appraisals establishing the Appraised Value of such 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 the SyndTrak website on or other lender site maintained by the Internet at xxxx://xxx.xxxxxxxx.xxxAdministrative 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. (1) A single time during each calendar year, commencing in 2017, with respect to each category of Collateral; and (2) within the 45-day period following a request by the Administrative Agent if an Event of Default has occurred and is continuing, the Borrower will deliver to the Administrative Agent one Appraisal establishing the Appraised Value of such 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 the SyndTrak website on the Internet at xxxx://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. Within: (1) A single time during the 30 day period prior to May 31 of each calendar yearyear commencing May 31, commencing in 2017, with respect to each category of Collateral2015; and (2) within the 45-45 day period following a request by the Administrative Agent if an Event of Default has occurred and is continuing, the Borrower will deliver to the Administrative Agent one Appraisal or more Appraisals establishing the Appraised Value of such 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 the SyndTrak Intralinks website on the Internet at xxxx://xxx.xxxxxxxx.xxxxxxx://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. Within: (1) A single time during the 30 day period prior to May 31 of each calendar yearyear commencing May 31, commencing in 2017, with respect to each category of Collateral2016; and (2) within the 45-45 day period following a request by the Administrative Agent if an Event of Default has occurred and is continuing, the Borrower will deliver to the Administrative Agent one Appraisal or more Appraisals establishing the Appraised Value of such 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 the SyndTrak Intralinks website on the Internet at xxxx://xxx.xxxxxxxx.xxxxxxx://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.