Property Appraisal. Each Mortgage Loan will contain an appraisal, which appraisal is signed by an appraiser, who, to the best of the Seller’s knowledge, had no interest, direct or indirect, in the Mortgaged Property or the Mortgagor or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan. Such appraisal conforms to Uniform Standards of Professional Appraisal Practice guidelines. For each Mortgage Loan with an original principal balance greater than $1,000,000, the Seller has provided a full self-contained report written in summary format including three valuation approaches and for each Mortgage Loan with an original principal balance less than $1,000,000, the Seller has provided either a full self-contained report written in summary format including three valuation approaches or a report in summary form prepared in the standard Xxxxxxx Mac format (FHLMC Form 71(B).
Property Appraisal. Each Loan will contain an appraisal, which appraisal is signed by an appraiser, who had no interest, direct or indirect, in the Mortgaged Property or the Mortgagor or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan. Each appraisal of the Loan was made in accordance with the relevant provisions of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. Such appraisal conforms to Uniform Standards of Professional Appraisal Practice guidelines. For each Loan with an original principal balance greater than $1,000,000, the Seller has provided a full self-contained report written in summary format including three valuation approaches and for each Loan with an original principal balance less than $1,000,000, the Seller has provided either a full self-contained report written in summary format including three valuation approaches or a report in summary form prepared in the standard Xxxxxxx Mac format (FHLMC Form 71(B)) or form UCIAR-EP 7/90.
Property Appraisal. The Owner shall have submitted to City a true and correct copy of an appraisal of the fair market value of the Property, and City shall have conducted any appraisals of the Property and/or evaluations of market data which it desires, demonstrating to the satisfaction of the City that the purchase price to be paid by the Owner for the Property is not greater than the fair market value of the Property.
Property Appraisal. City and Agency shall have conducted any appraisals of the Property and/or evaluations of market data which it desires, demonstrating to their satisfaction that the purchase price to be paid by the Developer for the Property is not greater than the fair market value of the Property.
Property Appraisal. The City shall contract with a Washington Licensed commercial property appraiser for a Narrative Appraisal of the current PCLS property (parcel no. 503000- 2991), located at 0000 Xxxxxxxx Xxxx XX, Xxxxxxxx, XX 00000 for a cost not to exceed $10,000. The City will xxxx PCLS and be reimbursed for the full cost of this Narrative Appraisal.
Property Appraisal. The Administrative Agent shall have received appraisals of the Mortgaged Property and machinery and equipment of the Borrower used in its manufacturing operations.
Property Appraisal. On or prior to the Refinancing Date, the Lessor shall have received a Property Appraisal of the Land portion of the applicable Property, which Property Appraisal shall be in form and substance satisfactory to the Lessor;
Property Appraisal. Agency shall have conducted any appraisals of the Property and/or evaluations of market data which it desires, demonstrating to their satisfaction that the purchase price to be paid by the Developer for the Property is not greater than the fair market value of the Property.
