Appraisal Review Period definition

Appraisal Review Period. As defined in Section 4.05(b)(ii).
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Appraisal Review Period shall have the meaning assigned to such term in Section 5(h)(ii).
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Appraisal Review Period shall have the meaning set forth in Section 19.2(b).
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Examples of Appraisal Review Period in a sentence

  • If neither party objects as provided during the Appraisal Review Period, then the Apprasier’s report of the Marks Purchase Price shall be the Marks Purchase Price hereunder.

  • Day Employee Performance Appraisal Review Period: Review Type: Hire Date: Department: This appraisal uses behavior-based scales.

  • If the NPO Appraisal is not delivered to the Owner within thirty (30) days after the end of the Appraisal Review Period, the Fair Market Value stated in the Owner Appraisal, less sixteen percent (16%), will be the maximum price at which the Owner will be permitted to sell the Property during a period of six (6) months commencing on the effective date of the Owner Appraisal.

  • If the lesser of the Appraised Values or the Appraised New Base Rent, as the case may be, determined by the two appraisers is less than ninety-five percent (95%) of the greater of such Appraised Values or the Appraised New Base Rent, as the case may be, then within five (5) Business Days after expiration of the Appraisal Review Period those two appraisers shall appoint, in writing, a disinterested third appraiser ("Third Appraiser").

  • These are methods outside the district plan and the plan may recognise their contribution to achieving the objectives through policies.

  • Therefore, effective fulfillment of the governance role that police boards play ensures that decisions made and actions taken by police are reflective of the community’s values.

  • If the Owner and the Town do not agree within 7 days (the "Appraisal Review Period") after the Town Appraisal is delivered to the Owner that the Fair Market Value of the Affordable Housing Unit is as stated in the Town Appraisal, the Owner will retain its own Appraiser to undertake an appraisal (the "Owner Appraisal") of the Fair Market Value of the Affordable Housing Unit in which case the Fair Market Value will be the average of the amount in the two appraisals.

  • If the Town Appraisal is not delivered to the Owner within 30 days after the end of the Appraisal Review Period, the Fair Market Value stated in the Owner Appraisal, less thirty (30) percent will be the maximum price at which the Owner will be permitted to sell the Affordable Housing Unit during a period of 6 months commencing on the effective date of the Owner Appraisal.

  • Day Supervisor Performance Appraisal Review Period: Review Type: Hire Date: Department: This appraisal uses behavior-based scales.

Related to Appraisal Review Period

  • Review Period has the meaning set forth in Section 2.04(c)(i).

  • Title Review Period shall have the meaning set forth in Section 4.3.

  • Appraisal report A report setting forth the fair market value of a Mortgaged Property as determined by an appraiser who, at the time the appraisal was conducted, met the minimum qualifications of FNMA and FHLMC for appraisers of conventional residential mortgage loans.

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

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

  • Inspection Period means the period beginning on the Effective Date and expiring at 5:00 p.m. eastern time on the forty-fifth day after the Effective Date.

  • 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 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.

  • 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.

  • Examination Period as defined in Section 4.01.

  • Conversion Valuation Appraisal Report Page: 4 ================================================================================

  • Neutral Auditor means Ernst & Young or, if Ernst & Young is unable to serve, an impartial nationally recognized firm of independent certified public accountants other than Seller’s accountants or Purchaser’s accountants, mutually agreed to by Purchaser and Seller.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Independent Auditor has the meaning specified in subsection 7.01(a).

  • Initial Audit is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books, with results satisfactory to Bank in its sole and absolute discretion.

  • 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.

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • Adjustment Statement has the meaning set forth in Section 2.6(a).

  • Initial determination means the first child custody determination concerning a particular child.

  • Appraisal Procedure means a procedure whereby two independent appraisers, one chosen by the Company and one by the Investor, shall mutually agree upon the Fair Market Value. Each party shall deliver a notice to the other appointing its appraiser within 10 days after the Appraisal Procedure is invoked. If within 30 days after appointment of the two appraisers they are unable to agree upon the Fair Market Value, 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 Investor; otherwise, the average of all three determinations shall be binding upon the Company and the Investor. The costs of conducting any Appraisal Procedure shall be borne by the Company.

  • Objection Period has the meaning set forth in Section 2.4(d).

  • Objections Statement has the meaning set forth in Section 1.02(d).

  • Expedited review means an examination, in accordance with

  • Resolution Period has the meaning set forth in Section 2.04(c)(ii).