Appraiser definition

Appraiser. An Independent nationally recognized professional commercial real estate appraiser who (i) is a member in good standing of the Appraisal Institute, (ii) if the state in which the related Mortgaged Property is located certifies or licenses appraisers, is certified or licensed in such state, and (iii) has a minimum of five years’ experience in the related property type and market.

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

Appraiser means an independent appraiser, selected by the Servicer, as applicable, that is a member in good standing of the Appraisal Institute and that is certified or licensed in the state in which the Mortgaged Property is located, and who has a minimum of five (5) years’ experience in the appraisal of comparable properties in the geographic area in which such Mortgaged Property is located.

Examples of Appraiser in a sentence

• Notwithstanding anything to the contrary contained herein, there shall be no requirement to disclose any portion of any report submitted by an Approved Third-Party Appraiser without such a non-reliance letter if such non-reliance letter is required by such Approved Third-Party Appraiser as a condition to such disclosure.

• The Administrative Agent shall notify the Borrower of its receipt of results from an Approved Third-Party Appraiser of any appraisal and provide a copy of the results and any related reports to the Borrower.

• The Special Servicer shall use its reasonable efforts to cause such Appraisal to be (i) delivered within 30 days from receipt of the Requesting Holders’ written request and (ii) prepared on an “as-is” basis by an Appraiser in accordance with MAI standards.

• The Certificate Administrator shall be entitled to rely conclusively on any determination made by an Appraiser pursuant to this subsection (c).

• The Trustee shall select the Appraiser conducting any such new Appraisal.

More Definitions of Appraiser

Appraiser means a nationally recognized or major regional investment banking firm or firm of independent certified public accountants of recognized standing.

Appraiser means an individual licensed under article 26 of the occupational code, 1980 PA 299, MCL 339.2601 to 339.2637.

Appraiser means Deloitte & Touche LLP Valuation Group.

Appraiser means a firm of internationally recognized, independent aircraft appraisers.

Appraiser means a Person engaged in the business of appraising property or otherwise qualified to pass upon the Fair Value or fair market value of property.

Appraiser means the Person who prepared the Appraisal.

Appraiser has the meaning set forth in Section 5(n)(ii).