Reappraisals. The Bank may demand, and the Trust shall be obligated to cause, reappraisal of any specific real property constituting security for the collateral hereunder at any time the Bank in good faith believes or the Trust has reason to believe that an existing appraisal is not representative of the true value of such property. Such reappraisals shall be made by an Appraiser and furnished to the Bank within a reasonable time after the Trust makes such determination, or the Bank makes such request, and same shall be made at the expense of the Trust.
Reappraisals. Lender shall have the right (but not the obligation) to obtain an update of the existing appraisal of the Mortgaged Property or a new appraisal of the Mortgaged Property for the sole benefit of Lender but at the sole cost and expense of Borrower under the following circumstances:
Reappraisals. The Base Rent shall be adjusted, effective on the thirty-fifth (35th) anniversary of the Amendment Commencement Date (the "Rent Adjustment Date") to reflect an appraisal of the Premises to be conducted no more than six (6) months prior to the Rent Adjustment Date so that the amount of Base Rent payable by Tenant as of the Rent Adjustment Date shall be the higher of (i) the Base Rent amount payable in accordance with subsection (a) above immediately preceding the Rent Adjustment Date and (ii) the fair market rent determined by multiplying the land value set forth in said appraisal by six percent (6%). Land value, for the purposes of this paragraph, shall be determined by an appraisal of the fee interest in the Land, considered as unimproved and as unencumbered by this Lease, but taking into consideration (i) the restrictions on use imposed on Tenant in this Lease, (ii) the Tenant’s obligation to pay the Esplanade Payments, (iii) the Tenant’s maintenance obligations as set forth in Article 14, (iv) any Tenant Development Rights that may be utilized by Tenant pursuant to the provisions of this Lease (taking into consideration all limitations on the use of such Tenant Development Rights) and (v) Landlord’s obligations set forth in Section 4.4
Reappraisals. The pre-admission appraisal shall be updated, in writing, as frequently as necessary to note significant changes and to keep the appraisal accurate. The reappraisals shall document changes in the resident's physical, medical, mental, and social condition. Significant changes shall include but not be limited to:
Reappraisals. After the date hereof, Borrower shall permit Lender (and Borrower hereby authorizes Lender) to commission, at Borrower's sole cost and expense, one (1) new appraisal of each Property, prepared in accordance with Lender's then current appraisal requirements. Borrower shall cooperate with any additional appraisals commissioned by Lender at Lender's expense.
Reappraisals. The Mortgagee shall have the right to obtain, at the Borrower's expense, reappraisals of the Mortgaged Property from any licensed or certified appraiser designated by the Mortgagee, from time to time (a) whenever such reappraisal may be required by any law, rule or regulation applicable to the Mortgagee or the conduct of the Mortgagee's business, or may be requested or directed by any governmental authority charged with the administration of such law, rule or regulation or the Mortgagee's compliance therewith, whether or not such request or direction has the force of law, or (b) whenever the Mortgagee has reasonable cause to believe that the then-current loan-to-value ratio for (i) the Loan or (ii) the aggregate of all loans or other obligations secured by the Mortgaged Property exceeds the loan-to-value ratio for (i) the Loan or (ii) such aggregate, originally required by the Loan Documents or by the Mortgagee's commitment to make the Loan, or (c) whenever reasonably deemed appropriate by the Mortgagee following the occurrence or during the continuance of an Event of Default.
Reappraisals. The Mortgagee shall have the right to obtain at the Mortgagor's expense reappraisals of the Mortgaged Properties, from any licensed or certified appraiser designated by the Mortgagee, from time to time (i) whenever such reappraisal may be required by any law, rule or regulation applicable to the conduct of the Mort- gagee's business, or (ii) whenever requested or directed by any governmental authority charged with the administration of such law, rule or regulation or the Mortgagee's compliance therewith, whether or not such r- equest or direction has the force of law, or (iii) whenever reasonably deemed appropriate by the Mortgagee at its sole discretion.
Reappraisals. The Borrower (through itself or Servicer) shall make available, or cause to be made available, to the Administrative Agent and each Funding Agent (in multiple copies, if requested by the Administrative Agent or any Funding Agent) on or before each Reappraisal Date, with respect to each Funded Aircraft which became a Funded Aircraft at least 30 days prior to such Reappraisal Date, Base Value Reappraisals from each of the Approved Appraisers and Current Market Value Reappraisals from each of the Approved Appraisers (each dated, and containing appraisals as of, such Reappraisal Date).
