MAI Appraisal. 5 1.30 Manager..........................................................5 1.31
MAI Appraisal. (To be ordered by AEI.)
MAI Appraisal. Tenant shall have delivered to Landlord an MAI appraisal of the Proposed Facility prepared by an appraiser selected by Tenant and approved by Landlord, in form and substance reasonably satisfactory to Landlord.
MAI Appraisal. (7) copies of all contracts, agreements, permits and licenses;
MAI Appraisal. Real property appraisal(s) of the value of any Collateral Property or property proposed by the Borrower to become a Collateral Property, determined on a market value basis, performed and prepared at the Borrower’s expense, impartially by an independent MAI qualified appraiser(s) selected and retained by the Agent, the form and substance of such appraisal(s) to be subject to review, revision, adjustment and approval by the Agent with the final determination of value to be made by the Agent. Each such Appraisal shall have been prepared in accordance with the Uniform Standards of Professional Appraisal Practice and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. Major Leases. Those Leases for 10,000 square feet or more of the net leaseable area of a Building located on a Collateral Property, as such square footage number may be increased by the Agent in its sole discretion. For purposes of this definition, all leases to a single tenant and/or its Affiliates within a building or industrial park or similar development, in each case located on a Collateral Property, shall be aggregated.
MAI Appraisal. If the parties do not agree on the Fair Market Base Rent for the Option Term within the period provided above in Section 1.4, then each party, at its cost and by giving notice to the other party, shall have 10 days within which to appoint an MAI appraiser or commercial office leasing broker (“Valuation Expert”) with at least 10 years’ experience appraising commercial properties in the downtown Seattle central business district office real estate market, to determine and set the Fair Market Base Rent for the Option Term. Such Fair Market Base Rent shall include then typical fixed annual increases. If a party does not appoint a Valuation Expert within such 10 day period, the single Valuation Expert appointed shall be the sole Valuation Expert and shall set the Base Rent for the Option Term. If two Valuation Experts are appointed by the parties as stated in this Section 1.5, they shall meet promptly and attempt to set the Base Rent for the Option Term. If they are unable to agree within 20 days after the second Valuation Expert has been appointed, they shall (i) notify the parties of their respective determinations of Fair Market Base Rent, and (ii) attempt to select a third Valuation Expert meeting the qualifications stated in this paragraph within 10 days after the last day the two Valuation Experts are given to set the Base Rent for the Option Term. If they are unable to agree on the third Valuation Expert, either of the parties to this Lease, by giving 10 days’ notice to the other party, may apply to the Presiding Judge of the Superior Court for King County, Washington, for the selection of a third Valuation Expert who meets the qualifications stated in this Section 1.5. Each of the parties shall bear the cost of its own Valuation Expert and one-half of the cost of appointing the third Valuation Expert and of paying the third Valuation Expert's fee. The third Valuation Expert, however selected, shall be a person who has not previously acted in any capacity for either party.
MAI Appraisal. 5 1.25 Leases..........................................................5 1.26 Monarch.........................................................5 1.27 Offering........................................................5 1.28
MAI Appraisal. MAI Appraisal" shall mean with respect to each Facility, an appraisal, in form and substance satisfactory to Purchaser, prepared by an appraiser who is a Member of the Appraisal Institute and is experienced in appraising properties of the same nature, and in the same geographical vicinity, as each Facility.
MAI Appraisal. Amendments:
MAI Appraisal. An MAI appraisal of the Property, prepared by an appraiser satisfactory to Lessor, shall be completed and submitted to Lessor not earlier than sixty (60) days prior to the Closing Date.
