Appraisal Trigger Event definition

Appraisal Trigger Event. As defined in Section 3.19(a).

Appraisal Trigger Event means

Appraisal Trigger Event means, with respect to any Mortgage Loan, any of the following events:

Examples of Appraisal Trigger Event in a sentence

• A Mortgage Loan shall cease to be a Required Appraisal Loan if and when, following the occurrence of the most recent Appraisal Trigger Event, any and all Servicing Transfer Events with respect to such Mortgage Loan have ceased to exist and no other Appraisal Trigger Event has occurred with respect thereto during the preceding ninety (90) days.

• A Serviced Pooled Mortgage Loan shall cease to be a Required Appraisal Loan if and when, following the occurrence of the most recent Appraisal Trigger Event, any and all Servicing Transfer Events with respect to such Mortgage Loan have ceased to exist and no other Appraisal Trigger Event has occurred with respect thereto during the preceding ninety (90) days.

• A Serviced Mortgage Loan shall cease to be a Required Appraisal Loan if and when, following the occurrence of the most recent Appraisal Trigger Event, any and all Servicing Transfer Events with respect to such Mortgage Loan have ceased to exist and no other Appraisal Trigger Event has occurred with respect thereto during the preceding ninety (90) days.

More Definitions of Appraisal Trigger Event

Appraisal Trigger Event. With respect to any Serviced Loan, any of the following events:

Appraisal Trigger Event means, with respect to any Serviced Mortgage Loan, any of the following events:

Appraisal Trigger Event. Xxxx xxxxxxx xx any Loan or Loan Pair, any of the following events:

Appraisal Trigger Event with respect to any Operating Property, for any fiscal quarter of such Operating Property, (i) Operating Property EBITDA for such Operating Property decreases by 5% or more from Operating Property EBITDA for such Operating Property from the immediately preceding fiscal quarter, or (ii) such Operating Property loses tenants paying rent under executed leases representing 5% or more of the total number of units as at the last day of the immediately preceding fiscal quarter.

Appraisal Trigger Event. With respect to any Loan (excluding the Fashion Show Mall Mortgage Loan), any of the following events:

Appraisal Trigger Event shall have the meaning given such term in the Securitization Servicing Agreement.

Appraisal Trigger Event. Availability is less than the greater of (a) $70,000,000 and (b) 14.5% of the Line Cap for a period of three consecutive Business Days. Approved Fund: any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in its ordinary course of activities, and is administered or managed by a Lender, an entity that administers or manages a Lender, or an Affiliate of either.