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.

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More Definitions of Appraisal Trigger Event

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

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.

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

Appraisal Trigger Event. Any of the following events:

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

Appraisal Trigger Event means the earlier to occur of (i) Borrowers' election to complete an appraisal of Inventory (including, without limitation the CEB Inventory) or (ii) any day on which Availability is less than 17.5% of the Maximum Revolver Amount.

Appraisal Trigger Event means the earliest of the date on which the Mortgage Loan: (a) becomes a modified Mortgage Loan following the occurrence of a Servicing Transfer Event, (b) becomes an REO Loan, (c) with respect to which a receiver or similar official is appointed and continues for thirty (30) days in such capacity in respect of the Mortgaged Property, (d) the Mortgage Loan Borrower becomes the subject of bankruptcy, insolvency or similar proceedings or, if such proceedings are involuntary, such proceedings remain undismissed for sixty (60) days, (e) any Monthly Payment (other than a Balloon Payment) becomes one hundred twenty (120) days or more delinquent, or (f) the Mortgage Loan Borrower fails to make when due any Balloon Payment and the Mortgage Loan Borrower does not deliver to the Master Servicer or the Special Servicer, on or before the due date of the Balloon Payment, a written and fully executed (subject only to customary final closing conditions) refinancing commitment from an acceptable lender and reasonably satisfactory in form and substance to the Master Servicer (and the Master Servicer shall promptly forward such commitment to the Special Servicer) which provides that such refinancing will occur within ninety (90) days after the date on which the Balloon Payment will become due (provided that if either such refinancing does not occur during that time or the Master Servicer is required during that time to make any P&I Advance in respect of the Mortgage Loan, an Appraisal Trigger Event will occur immediately).