Right to Obtain Appraisals. Agent shall have the right to obtain, from time to time, at Borrower's cost and expense, updated Appraisals of the Projects, provided that so long as no Event of Default shall have occurred and be continuing, Borrower shall only be obligated to pay for the costs and expenses associated with one such Appraisal of each of the Projects during any twenty-four (24) month period, except for any such Appraisal obtained by Agent in connection with the extension contemplated by Section 4.6 hereof. The reasonable costs and expenses incurred by Agent in obtaining such Appraisals shall be paid by Borrower forthwith upon billing or request by Agent for reimbursement therefor.
Right to Obtain Appraisals. The Agent on behalf of the Banks shall have the right to obtain from time to time, at the Borrower's cost and expense, updated Appraisals of the Project which will be ordered by the Agent, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall only be obligated to pay for the costs and expenses associated with one such Appraisal during any twenty-four (24) month period. The costs and expenses incurred by the Agent in obtaining such Appraisals shall be paid by the Borrower forthwith upon billing or request by the Agent for reimbursement therefor.
Right to Obtain Appraisals. The Agent shall have the right to obtain from time to time, at the Borrowers' cost and expense, updated Appraisals, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrowers shall only be obligated to reimburse the Agent for its costs and expenses related to one updated Appraisal each fiscal year. The costs and expenses incurred by the Agent and the Lenders in obtaining such Appraisals shall be paid by the Borrowers forthwith upon billing or request by the Agent for reimbursement therefor.
Right to Obtain Appraisals. 30 Section 7.3 Charges Against Accounts. . . . . . . . . . . . . . 30
Right to Obtain Appraisals. 48 7.3 CHARGES AGAINST LOAN CHECKING ACCOUNT................................ 48
Right to Obtain Appraisals. The Agent on behalf of the Banks shall have the right upon the request of the Requisite Banks to obtain from time to time, at the Borrower's cost and expense, Appraisals of the Properties or properties subject to Eligible Notes Receivable which will be ordered by the Agent, provided that so long as no Event of Default shall have occurred and be continuing, the Borrower shall only be obligated to pay for the costs and expenses associated with such Appraisals once during the term of the Loans. The costs and expenses incurred by the Agent in obtaining such Appraisals shall be paid by the Borrower forthwith upon billing or request by the Agent for reimbursement therefor.
Right to Obtain Appraisals. The Lender shall have the right to -------------------------- obtain from time to time, at the Borrower's cost and expense, updated Appraisals of the Property, provided -------- that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall only be obligated to pay for the costs and expenses associated with one such Appraisal during any twelve (12) month period. The costs and expenses incurred by the Lender in obtaining such Appraisals shall be paid by the Borrower forthwith upon billing or request by the Lender for reimbursement therefor.
Right to Obtain Appraisals. The Agent and the Banks shall have the right to obtain from time to time, at the Borrower's cost and expense, updated Appraisals of the Collateral, and an Appraisal of each of the Vessels, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall only be obligated to pay for the costs and expenses associated with one such Appraisal per Vessel during any calendar year or the number of Appraisals as otherwise required by a Governmental Authority or by law. The reasonable costs and expenses incurred by the Agent and the Banks in obtaining such Appraisals shall be paid by the Borrower forthwith upon billing or request by the Agent and the Banks for reimbursement therefor.
Right to Obtain Appraisals. 70 Section 21. MISCELLANEOUS. . . . . . . . . . . . . . . . . . . . . . . . . 71 Section 22. ENTIRE AGREEMENT, ETC. . . . . . . . . . . . . . . . . . . . . 71 Section 23. CONSENTS, AMENDMENTS, WAIVERS, ETC.. . . . . . . . . . . . . . 71 Section 24. RELEASE OF SECURITY. . . . . . . . . . . . . . . . . . . . . . 72
Right to Obtain Appraisals. From time to time at Borrower's expense (but no more frequently than annually at Borrower's expense), the Agent shall have the right to obtain Appraisals (complying with all terms and conditions of FIRREA) updating the Appraised Value of any and all Real Estate as of such date (such updated Appraisals shall be in such form and content as determined by Agent) or any portion thereof as Agent desires to have appraised. The costs and expenses incurred by the Agent in obtaining such Appraisals shall be paid by the Borrower forthwith upon billing or request by the Agent for reimbursement thereof. The Agent shall also obtain such appraisals upon the request of the Required Lenders provided that if the Borrower is not required to pay the costs of such appraisals pursuant to this section then the costs shall be paid by the Lenders. Agent reserves the right to adjust the Appraised Value to more accurately reflect the Fair Market Value at its discretion.
