Common use of Real Estate Appraisal Clause in Contracts

Real Estate Appraisal. The Owner Participant shall have received an appraisal of the Real Property Interest, which appraisal shall reflect the appraiser's reasonable conclusion that the fair market value in the hands of the Owner Trustee of the Real Property Interest on the Closing Date is equal to the Real Estate Investment. Such appraisal shall cover such other matters as the Owner Participant shall have requested.

Appears in 2 contracts

Samples: Participation Agreement (Public Service Co of New Mexico), Participation Agreement (Public Service Co of New Mexico)

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Real Estate Appraisal. The Owner Participant shall have received an appraisal of the Real Property Interest, which appraisal shall reflect the appraiser's reasonable conclusion that the fair market value in the hands of the Owner Trustee of the Real Property Interest on the Closing Date is equal to the Real Estate Investment. Such appraisal shall cover such other matters as the Owner Participant shall have requested.. 6091.100.2898.27A:9

Appears in 1 contract

Samples: Participation Agreement (Public Service Co of New Mexico)

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Real Estate Appraisal. The Owner Participant shall have received an appraisal of the Real Property Interest, which appraisal shall reflect the appraiser's reasonable conclusion that the fair market value in the hands of the Owner Trustee of the Real Property Interest on the Closing Date is equal to the Real Estate InvestmentInvestment as set forth in the Notice of closing. Such appraisal shall cover have covered such other matters as the Owner Participant shall have requested.

Appears in 1 contract

Samples: Participation Agreement (Public Service Co of New Mexico)

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