Appraisal Plan definition

Appraisal Plan means the plan to be submitted by Contractor and approved by ROC or its designee pursuant to Article 12.
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Appraisal Plan shall have the meaning set forth in Article 5.1.
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Appraisal Plan means a documentary report prepared by an Operator pursuant to a Contract2 specifying those Oil and Gas Operations which an Operator plans to conduct following a discovery of Oil and Gas for the purpose of delineating the Oil and Gas Reservoir to which a discovery relates in terms of thickness and lateral extent and estimating the quantity of recoverable Oil and Gas therein and may include geological, geophysical, aerial and other surveys and drilling of Appraisal Wells and other related wells.
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Examples of Appraisal Plan in a sentence

  • The parties agree that the Teacher Appraisal Plan (TAP) is incorporated herein by reference and is a part of this Agreement in its entirety.

  • The Teacher Appraisal Plan Oversight Committee will be co-chaired by representatives of the ETA and the district and shall consist of 12 members.

  • The focus of the collaboration will be the needs of the students assigned to those teachers through curriculum development and implementation, analysis of student growth, and professional practice as defined in the Teacher Appraisal Plan.

  • To that effect the parties have begun implementing a new Professional Appraisal Plan (“Evaluation Plan”) through the work of an Evaluation Committee.

  • The term for the submission of the Appraisal Plan shall initiate at the notice of Discovery in accordance with Article 5.1.

  • Employee has the right to attach a rebuttal to the Performance Appraisal Plan and Report.

  • The written reappraisal report is attached to the Mass Appraisal Plan by reference.

  • The CNH will decide on the proposed Appraisal Plan within a period not to exceed sixty (60) Days following the receipt of the necessary information pursuant to the Applicable Laws.

  • The Appraisal Plan for the Discovery shall cover the entire area of the structure in which the Discovery was made (the “Appraisal Area”), and shall contain at least the items indicated in Annex 6, with a scope broad enough to allow for an evaluation to determine whether the Discovery can be considered a Commercial Discovery.

  • Changes or modifications to the scope of work since the Appraisal Plan must be reflected in the scope of work section for the Consultant Order.


More Definitions of Appraisal Plan

Appraisal Plan means a program specifying the Appraisal activities to be carried out in the Contract Area, which should include at least the Minimum Work Program and the Minimum Program Increase.
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Appraisal Plan means an overall plan and cost estimate for Appraisal Operations concerning a Discovery.
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Appraisal Plan means a plan for the conduct of Appraisal Activities prepared by the Right Holders and approved by the Minister acting upon the recommendation of the Petroleum Administration in accordance with Article 10.6 of this EPA.
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Appraisal Plan means a plan which specifies the activities necessary to assess whether a discovery is a commercial discovery;
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Appraisal Plan means the Appraisal Programme as such term is defined in the Contract. Appraisal Well shall have the meaning ascribed in the Contract.
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Related to Appraisal Plan

  • Appraisal Procedure means a procedure whereby two independent appraisers, one chosen by the Company and one by the Original Warrantholder, shall mutually agree upon the determinations then the subject of appraisal. Each party shall deliver a notice to the other appointing its appraiser within 15 days after the Appraisal Procedure is invoked. If within 30 days after appointment of the two appraisers they are unable to agree upon the amount in question, a third independent appraiser shall be chosen within 10 days thereafter by the mutual consent of such first two appraisers. The decision of the third appraiser so appointed and chosen shall be given within 30 days after the selection of such third appraiser. If three appraisers shall be appointed and the determination of one appraiser is disparate from the middle determination by more than twice the amount by which the other determination is disparate from the middle determination, then the determination of such appraiser shall be excluded, the remaining two determinations shall be averaged and such average shall be binding and conclusive upon the Company and the Original Warrantholder; otherwise, the average of all three determinations shall be binding upon the Company and the Original Warrantholder. The costs of conducting any Appraisal Procedure shall be borne by the Company.

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

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

  • Control Appraisal Period shall exist with respect to the Mortgage Loan, if and for so long as:

  • Appraisal review means the act or process of developing

  • 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.

  • CREFC® Appraisal Reduction Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Appraisal Reduction Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Appraisal management company means, in connection with valuing properties collateralizing mortgage loans or mortgages incorporated into a securitization, any external third party that oversees a network or panel of more than fifteen certified or licensed appraisers in this state or twenty-five or more nationally within a given year, that is authorized either by a creditor of a consumer credit transaction secured by a consumer's principal dwelling or by an underwriter or other principal in the secondary mortgage markets that engages in appraisal management services.

  • Independent Appraiser means a nationally recognized or major regional investment banking firm or firm of independent certified public accountants of recognized standing (which may be the firm that regularly examines the financial statements of the Issuer) that is regularly engaged in the business of appraising the Capital Stock or assets of corporations or other entities as going concerns, and which is not affiliated with either the Issuer or the Holder of any Warrant.

  • Acceptable Appraisal means, with respect to an appraisal of Inventory, the most recent appraisal of such property received by Agent (a) from an appraisal company satisfactory to Agent, (b) the scope and methodology (including, to the extent relevant, any sampling procedure employed by such appraisal company) of which are satisfactory to Agent, and (c) the results of which are satisfactory to Agent, in each case, in Agent’s Permitted Discretion.

  • Independent expenditure means an expenditure by a person:

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Independent Expert means a Person or entity with no material current or prior business or personal relationship with the Advisor or the Directors and who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company.

  • Appraiser panel means a network, list or roster of licensed or certified ap- praisers approved by an AMC to per- form appraisals as independent con- tractors for the AMC. Appraisers on an AMC’s ‘‘appraiser panel’’ under this part include both appraisers accepted by the AMC for consideration for fu- ture appraisal assignments in covered transactions or for secondary mortgage market participants in connection with covered transactions and appraisers en- gaged by the AMC to perform one or more appraisals in covered trans- actions or for secondary mortgage mar- ket participants in connection with covered transactions. An appraiser is an independent contractor for purposes of this subpart if the appraiser is treat- ed as an independent contractor by the AMC for purposes of Federal income taxation.

  • Independent Auditor has the meaning specified in Section 6.01(a).

  • Appraisal shall have the meaning assigned to such term in the Servicing Agreement.

  • Appraisal management services means one or more of the following: