Reappraisals Sample Clauses

The Reappraisals clause establishes the process for periodically reassessing the value of an asset, property, or contractual subject matter. Typically, it outlines when and how reappraisals should occur, who is responsible for conducting them, and the standards or methods to be used. For example, in a lease agreement, this clause might require a property to be reappraised every five years to adjust rent based on current market value. The core function of the Reappraisals clause is to ensure that valuations remain accurate and fair over time, thereby preventing disputes and maintaining equitable terms for all parties involved.
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Reappraisals. The Base Rent shall be adjusted, effective on (i) July 1, 2048 and (ii) December 30, 2097 (each, the "Rent Adjustment Date") to reflect an appraisal of the Premises to be conducted no earlier 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 to be 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
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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.
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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: (a) Upon an Event of Default under this Agreement. (b) Lender has determined that the security for the Loan has been physically or economically impaired in any manner. (c) If, for any reason, construction of the Project is delayed by more than sixty (60) days beyond the construction schedule provided by the Borrower at Loan closing, Lender may obtain, at the Borrower’s expense, one or more new or updated appraisals of the Project by an appraiser acceptable to Lender. If the estimated as-stabilized market value of the Project, as reported in the new or updated appraisal, results in a ratio of aggregate loan to value ratio that is greater than sixty five percent (65)%, the Borrower shall, within 30 days, inject additional cash equity or provide additional collateral acceptable to Lender to reduce the ratio to sixty five percent (65%) or less. In any such event, Borrower shall fully cooperate with Lender and Lender’s appraiser as may be necessary and shall allow Lender and/or Lender’s appraiser complete access to the Mortgaged Property for the purpose of completing such appraisal of the Mortgaged Property.
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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).
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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.
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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 circumstance: (a) If, for any reason development of the Project is delayed by more than forty-five (45) days beyond the development schedule Lender may obtain, at the Borrower's expense, one or more new or updated appraisals of the Project by an appraiser acceptable to Lender. If the estimated as-improved market value of the Project, as reported in the new or updated appraisal, results in a ratio of aggregate Loan advances to Project value that is greater than 98%, the Borrower shall within 5 business days of Lender's demand inject additional cash equity or provide additional collateral acceptable to Lender to reduce such ratio to 98% or less. In any such event, Borrower shall fully cooperate with Lender and Lender's appraiser as may be necessary and shall allow Lender and/or Lender's appraiser complete access to the Mortgaged Property for the purpose of completing such appraisal of the Mortgaged Property.
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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.
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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.
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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:
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Related to Reappraisals

  • Appraisals An appraisal of the related Mortgaged Property was conducted in connection with the origination of the Mortgage Loan, which appraisal is signed by an appraiser, who, to the Mortgage Loan Seller's knowledge, had no interest, direct or indirect, in the Mortgaged Property or the Borrower or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan; in connection with the origination of the Mortgage Loan, each appraiser has represented in such appraisal or in a supplemental letter that the appraisal satisfies the requirements of the "Uniform Standards of Professional Appraisal Practice" as adopted by the Appraisal Standards Board of the Appraisal Foundation.

  • Inspections; Appraisals (a) Permit Agent, or its representatives or designees, from time to time, subject (except when a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Obligor or Subsidiary, inspect, audit and make extracts from any Obligor’s or Subsidiary’s books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Obligor’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lenders may participate in any such visit or inspection, at their own expense. Neither Agent nor any Lender shall have any duty to any Obligor to make any inspection, nor to share any results of any inspection, appraisal or report with any Obligor. Obligors acknowledge that all inspections, appraisals and reports are prepared by Agent and Lenders for their purposes, and Obligors shall not be entitled to rely upon them. (b) Reimburse Agent for all charges, costs and expenses of Agent in connection with (i) examinations of any Obligor’s books and records or any other financial or Collateral matters as Agent deems appropriate, up to three times per Loan Year; and (ii) appraisals of Inventory and Equipment up to one time per Loan Year; provided, however, that if an examination or appraisal is initiated during a Default or Event of Default, all charges, costs and expenses therefor shall be reimbursed by Borrowers without regard to such limits. Subject to and without limiting the foregoing, Obligors specifically agree to pay Agent’s then standard charges for each day that an employee of Agent or its Affiliates is engaged in any examination activities, and shall pay the standard charges of Agent’s internal appraisal group. (The current standard per diem charge for an employee of Agent or the third party currently utilized by Agent is $850 per day or part thereof.) This Section shall not be construed to limit Agent’s right to conduct examinations or to obtain appraisals at any time in its discretion, nor to use third parties for such purposes.

  • Performance Appraisals 3201 The Employer shall complete a written appraisal of a nurse's performance at least bi-annually. Upon request, the nurse shall be given an exact copy of the appraisal. 3202 The nurse shall have an opportunity to read such document. 3203 The nurse's signature on such document merely signifies that the contents of the document have been read. 3204 If the nurse disputes the appraisal, she/he may file a reply to the document in accordance with Article 29, and/or she/he may file a grievance under Article 12 of this Agreement.

  • Valuations After the Delivery Date, together with delivery of the financial statements described in Section 9.01(b) for each fiscal year, and at any other time within 15 days of a written request from the Facility Agent, an appraisal report of recent date (but in no event earlier than 90 days before the delivery of such reports) from an Approved Appraiser or such other independent firm of shipbrokers or shipvaluers nominated by the Borrower and approved by the Facility Agent (acting on the instructions of the Required Lenders) or failing such nomination and approval, appointed by the Facility Agent (acting on such instructions) in its sole discretion (each such valuation and any other valuation obtained pursuant to this Section 9.01(c) shall be made without, unless reasonably required by the Facility Agent, physical inspection and on the basis of a sale for prompt delivery for cash at arm’s length on normal commercial terms as between a willing buyer and a willing seller without taking into account the benefit of any charterparty or other engagement concerning the Vessel), stating the then current fair market value of the Vessel. The appraisal obtained pursuant to the above provisions shall be treated as the fair market value of the Vessel for that period unless the Facility Agent (acting on the instructions of the Required Lenders) notifies the Borrower within 15 days of the receipt of this appraisal that it is not satisfied that such appraisal appropriately reflects the fair market value of the Vessel, in which case the Facility Agent shall be entitled to request that the Borrower obtains a second valuation from an Approved Appraiser, such second valuation to be obtained within 15 days of the receipt of the request for the same. Where any such second valuation is so requested, the fair market value of the Vessel shall be determined on the basis of the average of the two appraisals so obtained. All such appraisals shall be conducted by, and made at the expense of, the Borrower (it being understood that the Facility Agent may and, at the request of the Lenders, shall, upon prior written notice to the Borrower (which notice shall identify the names of the relevant appraisal firms), obtain such appraisals and that the cost of all such appraisals will be for the account of the Borrower); provided that, unless an Event of Default shall then be continuing, in no event shall the Borrower be required to pay for appraisal reports from one or, if applicable, two appraisers on more than one occasion in any fiscal year of the Borrower, with the cost of any such reports in excess thereof to be paid by the Lenders on a pro rata basis;

  • Field Examinations At the Administrative Agent’s sole option, the Administrative Agent shall have completed its field examinations of the Borrower’s books and records, assets, and operations which examinations will be satisfactory to the Administrative Agent in its sole and absolute discretion.