Subsequent Appraisals Sample Clauses

Subsequent Appraisals. Company will immediately upon demand reimburse Bank for the cost and expense of any appraisal of the Project obtained by Bank on or after the date hereof if such appraisal is obtained by Bank pursuant to the requirements of any law, statute, rule, regulation, interpretive ruling, opinion, or directive of any state or federal governmental agency or unit governing, regulating, or controlling the activities of Bank, whether now existing or hereafter enacted.
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Subsequent Appraisals. The Licensor hereby agrees to accept the Royalty Rate set forth in the Initial Appraisal. The Licensor may, but shall not be required to, obtain, at its own cost, subsequent Appraisals. If a subsequent Appraisal's Royalty Rate differs from such rate in the most recent Appraisal by more than 5%, Licensee shall pay the cost of such subsequent Appraisal. Each Party shall promptly furnish a copy of any Appraisal to the other Party.
Sample 1
Subsequent Appraisals. The Agent may also obtain additional Appraisals updating and revising prior Appraisals with respect to the Project from time to time. Any such Appraisal shall be at the cost of Borrower; provided that unless a Default or an Event of Default has occurred Borrower shall not be required to pay for more than one Appraisal a year.
Sample 1
Subsequent Appraisals. After the Second Closing, should Lenders be required by any regulatory authority to obtain updated appraisals, Borrower agrees to cooperate with Lenders and Lenders' appraiser in obtaining these appraisals and Borrower shall pay the reasonably necessary costs of such appraisals.
Sample 1
Subsequent Appraisals. The Administrative Agent may also from time to time, for the purpose of determining the current Appraised Value of any Borrowing Base Property with respect to which an Appraisal has previously been obtained under this Section 4.7, obtain interim Appraisals updating and revising prior Appraisals with respect to such Borrowing Base Property or such portion thereof as the Administrative Agent shall determine (i) upon the occurrence of an Event of Default, (ii) at any time, at the Administrative Agent’s discretion, with respect to a particular parcel of Borrowing Base Property, upon the occurrence of a material adverse change as reasonably determined by the Administrative Agent, or (iii) at any time that the regulatory requirements of any Lender generally applicable to real estate loans of the category made under this Agreement shall require additional Appraisals, as reasonably interpreted by the Administrative Agent, unless the Appraisals are required due to the failure by any Lender to comply with applicable regulatory requirements (other than regulatory requirements relating to Appraisals concerning this Agreement or the Borrowing Base Property), in which case such Appraisals shall be at the cost of such Lender. The expense of such Appraisals and updates performed pursuant to this Section shall be at the cost of the Borrower and shall be paid within 30 days of demand from the Administrative Agent.
Sample 1
Subsequent Appraisals. The Agent may also, for the purpose of determining the current Asset Value of any Project or Other Projects of Borrower or Guarantors obtain additional or interim Appraisals updating and revising prior Appraisals with respect to any Project or Other Projects (i) in any event not later than after twelve (12) months from the date of the commission of the preceding Appraisal, (ii) at any time, at the Agent’s commercially reasonable discretion; provided no Default or Event of Default exists, Borrower shall not be required to pay for Appraisals from and after the Effective Date obtained pursuant to this subsection (ii) more frequently than once every twelve (12) months, or (iii) at any time following a condemnation of more than an immaterial portion of any Project (as reasonably determined by the Agent) or any material adverse change with respect to any Project (provided that such Appraisal shall be limited to the affected Project). Subject to the limitation set forth in the immediately preceding sentence, the expense of such Appraisals and updates performed pursuant to this §5.2 shall be at the cost of Borrower.
Sample 1

Related to Subsequent Appraisals

  • Updated Appraisals For so long as the Loan remains outstanding, if any Event of Default shall occur hereunder, or if, in Lender’s judgment, a material depreciation in the value of the Land and/or the Improvements shall have occurred, then in any such event, Lender, may cause the Land and Improvements to be appraised by an appraiser selected by Lender, and in accordance with Lender’s appraisal guidelines and procedures then in effect, and Borrower agrees to cooperate in all respects with such appraisals and furnish to the appraisers all requested information regarding the Land and Improvements and the Facility. Borrower agrees to pay all reasonable costs incurred by Lender in connection with such appraisal which costs shall be secured by the Mortgage and shall accrue interest at the Default Rate until paid.

  • Inspections and Appraisals At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s Books and Records, including management letters prepared by the Accountants, and (c) discuss with each Company’s directors, principal officers, and independent accountants, each Company’s business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.

  • 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.

  • Real Estate Appraisals Company shall, and shall cause each of its Subsidiaries to, permit an independent real estate appraiser reasonably satisfactory to Administrative Agent, upon reasonable notice, to visit and inspect any Additional Mortgaged Property for the purpose of preparing an appraisal of such Additional Mortgaged Property satisfying the requirements of any applicable laws and regulations (in each case to the extent required under such laws and regulations as determined by Administrative Agent in its discretion).

  • Inspections; Appraisals (a) Permit Agent 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 Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s or Subsidiary’s books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Borrower’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 Borrower to make any inspection, nor to share any results of any inspection, appraisal or report with any Borrower. Borrowers acknowledge that all inspections, appraisals and reports are prepared by Agent and Lenders for their purposes, and Borrowers shall not be entitled to rely upon them.

  • APPLIED TO THE DEBT REGARDLESS OF ANY APPRAISED VALUE OF THE COLLATERAL The undersigned specifically acknowledges and affirms its waiver of appraisal rights as evidenced by its signature below.

  • Project Completion Within five (5) days after the delivery by Supplier to Purchaser of a Commissioning Certificate for the Project’s final Turbine, Supplier shall also deliver to Purchaser a completion certificate for all Turbines in the Project (the “Project Completion Certificate”), in the form attached hereto as Exhibit N, together with a list of any remaining Punch List Work on any Turbine, a schedule for completing the Punch List Work and an estimate of the cost of each item of Punch List Work. Supplier shall thereafter promptly complete all Punch List Work.

  • Financial Examination and Appraisal Fees Bank's customary fees and out-of-pocket expenses for Bank's audits of Borrower's Accounts, and for each appraisal of Collateral and financial analysis and examination of Borrower performed from time to time by Bank or its agents;

  • Phase I A copy of the existing “Phase I” environmental assessment of the Project, if any, in Seller’s possession; and

  • Site Visits and Inspections; Regulatory Examinations During the term of this Agreement, authorized representatives of the Fund may conduct periodic site visits of the Transfer Agent’s facilities and inspect the Transfer Agent’s records and procedures solely as they pertain to the Transfer Agent’s services for the Fund under or pursuant to this Agreement. Such inspections shall be conducted at the Fund’s expense (which shall include costs related to providing materials, copying, faxing, retrieving stored materials, and similar expenses) and shall occur during the Transfer Agent’s regular business hours and, except as otherwise agreed to by the parties, no more frequently than twice a year. In connection with such site visit and/or inspection, the Fund shall not attempt to access, nor will it review, the records of any other clients of the Transfer Agent and the Fund shall conduct the visit/inspection in a manner that will not interfere with the Transfer Agent’s normal and customary conduct of its business activities, including the provision of services to the Fund and to other clients. The Transfer Agent shall have the right to immediately require the removal of any Fund representatives from its premises in the event that their actions, in the reasonable opinion of the Transfer Agent, jeopardize the information security of its systems and/or other client data or otherwise are disruptive to the business of the Transfer Agent. The Transfer Agent may require any persons seeking access to its facilities to provide reasonable evidence of their authority. The Transfer Agent may also reasonably require any of the Fund’s representatives to execute a confidentiality agreement before granting such individuals access to its facilities. The Transfer Agent will also provide reasonable access to the Fund’s governmental regulators, at the Fund’s expense, solely to (i) the Fund’s records held by the Transfer Agent and (ii) the procedures of the Transfer Agent directly related to its provision of services to the Fund under the Agreement.

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