VALUATION OF THE PROPERTY. The Assignor authorises the Bank to value the Property in situations where the Customer and/or the Assignor is in default or upon the occurrence of an event which in the Bank’s reasonable opinion would reduce the value of the Property and affect the security given to the Bank as security for the Facility. The valuation may be conducted by any valuer or any officer of the Bank or any person of the Bank's choice at the Assignor's cost and expense. In the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank shall have the discretion to require the Assignor within fourteen (14) days from the date of the notice from the Bank to charge, pledge, mortgage or deposit with the Bank the Assignor's stock and shares, assets, movable property and/or the issue documents of title, if any, of all immovable properties vested in the Assignor of such value as the Bank from time to time require or for such tenure as the Bank so requires by way of further and additional security for the payment of the Indebtedness for the time being under this Assignment. If the forced sale value of the Property has in the opinion of the Bank fallen to the extent that the limit of the Facility and the Bank's profit margin shall be exceeded and the Assignor shall fail upon request to provide further and additional security as required by the Bank to restore or maintain the limit of the Facility and such profit margin, the Bank shall be entitled at its discretion to demand and require the Assignor to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate Indebtedness to levels in maintenance of the limit of the Facility and profit margin thereto and failure by the Assignor to do so shall be deemed (with notice on the Bank's part) to be an Event of Default.
VALUATION OF THE PROPERTY. 23.1 If you ask us to make a change to your mortgage, for example if you apply to vary the Term or if you ask for our consent, for example to sell part of the Property, and we reasonably require a valuation, then you will need to pay a non-refundable Valuation Fee before the valuation of the Property takes place.
VALUATION OF THE PROPERTY. During the term of this Agreement, the Property (including the land) shall be valued as enforceably restricted historical property as set forth in California Revenue and Taxation Code section 439 et seq.
VALUATION OF THE PROPERTY. The Borrower hereby authorises the Bank to value the Property annually or at such interval as the Bank shall in its absolute discretion may decide by any valuer or any officer of the Bank or any person of the Bank's choice at the Borrower's sole cost and expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank shall have the absolute discretion to require the Borrower to within fourteen (14) days from the date of a notice from the Bank to charge, pledge, mortgage or deposit with the Bank the Borrower's stocks and shares, assets, movable property and/or the issue document of title, if any, or all immovable properties vested in the Borrower of such value as the Bank may from time to time require and for such tenure as the Bank so requires by way of further and additional security for the repayment of the total amount owing for the time being under this Agreement.
VALUATION OF THE PROPERTY. (a) The Bank shall be entitled to carry out or to require the Customer to carry out, at the cost and expense of the Customer, a valuation or a revaluation of the Property or any property of any Security Party which is offered by the Security Party as security to the Bank in respect of the Facility or which is the subject matter of any Security Document by any of the valuers on the Bank’s panel:
VALUATION OF THE PROPERTY. The Bank may appoint a valuer or require the Customer to carry out a valuation or a revaluation of the Property at any time prior to the disbursement of the Customer’s Sale Price, with the costs of valuation being borne by the Bank (except in the case of a valuation carried out for purposes of initial disbursement under the Facility or for purposes of enforcement of the security created under the Security Documents, in which case, the costs must be borne by the Customer). If the valuation report confirms that the open market value or any other value of the Property is less than the Sale and Purchase Price, the Bank will be entitled to revise the Facility prior to the execution of this Agreement and notify the Customer accordingly of such revision and impose any further conditions which the Bank will likewise ascertain (if required) prior to the disbursement of the Customer’s Sale Price.
VALUATION OF THE PROPERTY. The Borrower and/or the Security Party hereby authorises the Bank to value the Property annually or at such interval as the Bank shall in its absolute discretion may decide by any valuer or any officer of the Bank or any person of the Bank’s choice at the Borrower’s sole cost and expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank shall have the absolute discretion to require the Borrower within fourteen
VALUATION OF THE PROPERTY. Where required by Chubb, The Insured shall at the commencement of such insurance and when required provide Chubb with a written estimate of the cost at such date of Reinstatement of the Property Insured to which this memorandum applies made and certified by a Valuer acceptable to Chubb. The Sum Insured under the Policy and this memorandum in respect of each item will not be less than the amount of such estimate, and may be adjusted for renewal provided this is done within a two month period of the renewal date.
VALUATION OF THE PROPERTY. Where the Bank carries out or requires the Customer(s) to carry out a valuation or a revaluation of the Property at any time prior to the disbursement of the Customer(s)’ Sale Price and if the valuation report confirms that the open market value or any other value of the Property as may be required by the Bank in its absolute discretion is less than the Sale and Purchase Price, the Bank shall be entitled at its sole discretion to revise the Facility but which shall be ascertained prior to execution of this Agreement and notified to the Customer(s) accordingly and impose any further conditions which shall likewise be ascertained as aforesaid as the Bank may require prior to the disbursement of the Customer(s)’ Sale Price.
VALUATION OF THE PROPERTY. (a) The Assignor hereby authorises the Bank to value the Property annually or at such intervals as the Bank shall in its absolute discretion decide by any valuer or any officer of the Bank or any person of the Bank's choice at the Assignor's sole cost and expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank shall have the absolute discretion to require the Assignor within fourteen (14) days from the date of the notice from the Bank to charge, pledge, mortgage or deposit with the Bank the Assignor's stocks and shares, assets, movable property and/or the issue document of title, if any, of all immovable properties vested in the Assignor of such value as the Bank may from time to time require or for such tenure as the Bank so requires by way of further and additional security for the payment of the Secured Amounts for the time being under this Assignment and the Master Facility Agreement.
