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

• 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.

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

• Notwithstanding the foregoing, the Administrative Agent shall at any time have the right to request, in its reasonable discretion, any Unquoted Investment included in the Borrowing Base with a value determined pursuant to Section 5.12(b)(ii) to be independently valued by an Approved Third-Party Appraiser selected by the Administrative Agent.

• The Administrative Agent shall notify the Borrower of its receipt of the results of any appraisal under this clause (F) from the applicable Approved Third-Party Appraiser and provide a copy of such results and any related reports to the Borrower.

• Fair Market Rent shall be determined based upon an appraisal obtained by Lessor from a Qualified Independent Professional Appraiser.

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 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 a firm of internationally recognized, independent aircraft appraisers.

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 the Person who prepared the Appraisal.

Appraiser means a nationally recognized MAI appraiser selected by Borrower and reasonably approved by Lender.