Common use of Delivery of Appraisals Clause in Contracts

Delivery of Appraisals. The Borrower shall: (1) Within twenty (20) Business Days of March 31st and September 30th of each year, beginning with September 30, 2021; (2) on the date upon which any Cure Collateral is pledged as Collateral to the Collateral Trustee, but only with respect to such Cure Collateral; and (3) promptly (but in any event within 45 days) following a request by the Administrative Agent if an Event of Default has occurred and is continuing; deliver to the Administrative Agent and the Collateral Trustee one or more Appraisals establishing the Appraised Value of the Collateral; provided, however, that, in the case of clause (2) above, only an Appraisal with respect to the Cure Collateral shall be required to be delivered. The Borrower may from time to time cause subsequent Appraisals to be delivered to the Administrative Agent and the Collateral Trustee if it believes that any affected item of Collateral has a higher Appraised Value than that reflected in the most recent Appraisals delivered pursuant to this Section 5.07.

Delivery of Appraisals. The Borrower shall: (1) Within twenty within ten (2010) Business Days of March 31st and September 30th 23, 2020; Table of each year, beginning with September 30, 2021; Contents (2) on the date upon which any Cure Additional Collateral is pledged as Collateral to the Collateral TrusteeAdministrative Agent to secure the Obligations, but only with respect to such Cure Additional Collateral; and; (3) promptly (but in any event within 45 30 days) following a request by the Administrative Agent if an Event of Default has occurred and is continuing; and (4) within ten (10) Business Days of each of June 23, 2020 and December 23, 2020; deliver to the Administrative Agent and the Collateral Trustee one or more Appraisals establishing the Appraised Value of the Collateral; provided, however, that, that in the case of clause (2) above, only an Appraisal with respect to the Cure Additional Collateral shall be required to be delivered. The Borrower may from time to time cause subsequent Appraisals to be delivered to the Administrative Agent and the Collateral Trustee if it believes that any affected item of Collateral has a higher Appraised Value than that reflected in the most recent Appraisals delivered pursuant to this Section 5.07.

Delivery of Appraisals. The Borrower shall: (1) Within twenty (20) Business Days of March 31st and September 30th of each year, beginning with September 30, 2021; (2) on the date upon which any Cure Collateral is pledged as Collateral to the Collateral Trustee, but only with respect to such Cure Collateral; and (3) promptly (but in any event within 45 days) following a request by the Administrative Agent if an Event of Default has occurred and is continuing; deliver to the Administrative Agent and the Collateral Trustee one or more Appraisals establishing the Appraised Value of the Collateral; provided, however, that, in the case of clause (2) above, only an Appraisal with respect to the Cure Collateral shall be required to be delivered. The Borrower may from time to time cause subsequent Appraisals to be delivered to the Administrative Agent and the Collateral Trustee if it believes that any affected item of Collateral has a higher Appraised Value than that reflected in the most recent Appraisals delivered pursuant to this Section 5.07.