Appraisal Effective Date definition

Appraisal Effective Date means, with respect to any appraisal delivered to the Administrative Agent in accordance with the terms hereof, the date as of which the property subject to such appraisal is appraised.
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Appraisal Effective Date means (a) with respect to High Performance, the Amendment No. 3 Effective Date and (b) with respect to all Borrowers other than High Performance, the date on which Agent shall have notified Borrowers in writing, subsequent to the Amendment No. 3 Effective Date, that Agent has received (i) in the case of such Borrowers' Inventory, a current appraisal report with respect to such Borrowers' Inventory, in accordance with Section 7.3, (ii) in the case of such Borrowers' Equipment, a current appraisal report with respect to such Borrowers' Equipment, reporting the current Net Orderly Liquidation Value thereof and prepared in accordance with Section 7.4, and (iii) in the case of such Borrowers' Real Property (A) a written appraisal report with respect to such Borrowers' Eligible Real Property, reporting the current appraised fair market value thereof, prepared in accordance with Section 7.4, and (B) environmental audits of such Borrowers' Real Property conducted by an independent environmental engineering firm acceptable to Agent, and in form, scope and methodology satisfactory to Agent, the results of which shall be satisfactory to Agent, confirming that (1) such Borrowers and the Guarantors are in compliance with all Environmental Laws and Environmental Permits, except for any non-compliance therewith which has not adversely affected and could not reasonably be expected to adversely affect any such Borrower or Guarantor or its business, and (2) there is no material potential or actual liability of such Borrowers or Guarantors for any remedial action with respect to any non-compliance with any Environmental Laws or Environmental Permits at any of such Real Property.
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Examples of Appraisal Effective Date in a sentence

  • Effective: 03/16/2015 CERTIFIED ELECTRONICALLY Certification 03/04/2015DatePromulgated Under: 111.15Statutory Authority: 3358Rule Amplifies: 3358 Procedure No. 3-04 (A): Employee Performance Appraisal Effective Date: 4/15/2014 (1) In an effort to assist probationary employees in becoming proficient in their jobs as quickly as possible, the performance of all new management and staff employees will be reviewed by their managers after thirty, sixty, and ninety calendar days.

  • Comparable Contract date is subtracted from Appraisal Effective Date to show the Interval in Days between the two dates.10.

  • Comparable Contract date is subtracted from Appraisal Effective Date to show the Interval in Days between the two dates.

Related to Appraisal Effective Date

  • Additional Effective Date means the date the Additional Registration Statement is declared effective by the SEC.

  • PAL effective date generally means the date of issuance of the PAL permit. However, the PAL effective date for an increased PAL is the date any emissions unit that is part of the PAL major modification becomes operational and begins to emit the PAL pollutant.

  • Original Effective Date means the Effective Date under, and as defined in, the Original Credit Agreement.

  • Initial Effective Date means the date that the Initial Registration Statement has been declared effective by the SEC.

  • Removal Effective Date has the meaning specified in Section 9.06(b).

  • Incremental Effective Date has the meaning specified in Section 2.15(c).

  • Required Effective Date means the relevant Initial Required Effective Date or Increased Required Effective Date (as those terms are defined below).

  • SEC Effective Date means the date the Registration Statement is declared effective by the Commission.

  • Merger Effective Date means the date on which the Merger is consummated.

  • Appraisal District means the Xxxxxx County Appraisal District.

  • Transfer Effective Date shall have the meaning set forth in each Commitment Transfer Supplement.

  • Change of Control Effective Date means the first date during the Change of Control Period (as defined in Section 7.2) on which a Change of Control occurs. Notwithstanding anything in this Agreement to the contrary, if a Change of Control occurs and if the Executive’s employment with the Company (or applicable affiliated company) is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or anticipation of a Change of Control, then for all purposes of this Agreement the “Change of Control Effective Date” shall mean the date immediately prior to the date of such termination of employment.

  • Extension Effective Date has the meaning specified in Section 2.06(c).

  • IPO Effective Date means the date upon which the Securities and Exchange Commission declares the initial public offering of the Company's common stock as effective.

  • Appraisal Reduction Event With respect to any Serviced Loan, the earliest of (i) the date on which such Serviced Loan becomes a Modified Asset, (ii) the date on which such Serviced Loan is 60 days or more delinquent in respect of any Monthly Payment, which does not include a Balloon Payment, (iii) solely in the case of a delinquent Balloon Payment, (A) the date occurring 60 days after the date on which such Balloon Payment was due (except as described in the immediately following clause (B)) or (B) if the related Mortgagor has delivered to the Master Servicer (who shall promptly deliver a copy thereof to the Special Servicer) or the Special Servicer (who shall promptly deliver a copy thereof to the Master Servicer) a refinancing commitment acceptable to the Special Servicer prior to the date 60 days after the Balloon Payment was due, the date occurring 120 days after the date on which the Balloon Payment was due (or such shorter period beyond the date on which that Balloon Payment was due during which the refinancing is scheduled to occur), (iv) the date on which the related Mortgaged Property has become an REO Property, (v) a receiver or similar official is appointed and continues for 60 days in such capacity in respect of the related Mortgaged Property, (vi) 60 days after the related Mortgagor is subject to a bankruptcy, insolvency or similar proceedings, which, in the case of an involuntary bankruptcy, insolvency or similar proceeding, is not dismissed within those 60 days, or (vii) the date on which such Serviced Loan remains outstanding five (5) years following any extension of its maturity date pursuant to Section 3.24 of this Agreement. If an Appraisal Reduction Event occurs with respect to any Serviced Mortgage Loan that is part of a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Companion Loan(s). If an Appraisal Reduction Event occurs with respect to any Serviced Companion Loan that is part of a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Mortgage Loan and any other Serviced Companion Loan(s) included as part of that Serviced Loan Combination. No Appraisal Reduction Event may occur at any time when the aggregate Certificate Balance of all Classes of Principal Balance Certificates (other than the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-AB Certificates) has been reduced to zero. The Special Servicer shall notify the Master Servicer and the Master Servicer shall notify the Special Servicer, as applicable, promptly upon the occurrence of any of the foregoing events.

  • Amendment No. 5 Effective Date has the meaning set forth in Amendment No. 5.

  • Transition Effective Date has the meaning set forth in Section II.D.3.

  • Effective Date has the meaning set forth in the preamble.

  • Plan Effective Date means the “Effective Date” as defined in the Plan of Reorganization.

  • Amendment No. 2 Effective Date has the meaning specified in Amendment No. 2.

  • Appraisal Well means a Well drilled pursuant to an Appraisal Programme.

  • Amendment No. 7 Effective Date has the meaning assigned to such term in Amendment No. 7.

  • Amendment No. 3 Effective Date has the meaning specified in Amendment No. 3.

  • Increase Effective Date has the meaning specified in Section 2.14(d).

  • Appraisal Foundation means the Appraisal Foundation established on November 30, 1987, as a not-for-profit corporation under the laws of Illinois.