Common use of Updated Appraisals Clause in Contracts

Updated Appraisals. Agent at its option, or at the direction of the Required Lenders, shall have obtained at Borrowers’ expense updates to existing Appraisals and determined the current Appraised Values of the Collateral Properties.

Appears in 2 contracts

Samples: Credit Agreement (City Office REIT, Inc.), Credit Agreement (City Office REIT, Inc.)

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Updated Appraisals. Agent at its option, or at the direction of the Required Lenders, shall have obtained at Borrowers’ expense updates to existing Appraisals and determined the current Appraised Values of the Collateral Mortgaged Properties.

Appears in 2 contracts

Samples: Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp)

Updated Appraisals. Agent Agent, at its option, or at the direction written request of any Lender (with Agent providing a copy of any such written request to the Required LendersBorrowers), shall have obtained obtained, at Borrowers’ expense expense, updates to existing Appraisals and determined the current Appraised Values of the Collateral Properties.

Appears in 2 contracts

Samples: Credit Agreement (Bluerock Residential Growth REIT, Inc.), Credit Agreement (Bluerock Residential Growth REIT, Inc.)

Updated Appraisals. Agent at its option, or at the direction of the Required Lenders, shall have obtained at BorrowersBorrower’ expense updates to existing Appraisals and determined the current Appraised Values of the Collateral Properties.

Appears in 1 contract

Samples: Credit Agreement (Plymouth Industrial REIT Inc.)

Updated Appraisals. Agent at its option, or at the direction of the Required Lenders, option shall have obtained at Borrowers’ expense new Appraisals or updates to existing Appraisals and determined the current Appraised Values of the Collateral Mortgaged Properties.

Appears in 1 contract

Samples: Credit Agreement (Dupont Fabros Technology, Inc.)

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Updated Appraisals. Agent at its option, or at the direction of the Required Lenders, option shall have obtained at Borrowers’ Borrower’s expense new Appraisals or updates to existing Appraisals and determined the current Appraised Values of the Collateral Mortgaged Properties.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Republic Property Trust)

Updated Appraisals. Agent at its option, or at the direction of the Required Lendersin its reasonable discretion, shall have obtained from an Approved Appraiser at Borrowers’ Borrower’s expense new Appraisals or updates to existing Appraisals and determined the current Appraised Values of the Collateral PropertiesSubject Properties and the properties subject to Eligible Notes Receivable included in the calculation of the Borrowing Base Value.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Gladstone Commercial Corp)

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