Approved Appraisers definition
Examples of Approved Appraisers in a sentence
Approved Appraisers for Borrowing Base Collateral shall mean AVITAS, Inc.
Together with the balance sheets delivered pursuant to Section 9.01(b), Appraisals for each Mortgaged Vessel of recent date from two Approved Appraisers.
Approved Appraisers 4.6 Shareholders 4.8 Litigation 4.9 Permitted Encumbrances 4.11 Locations A Request for Advance B Bulk Cajun Mortgage C Borrower’s Earnings Assignment Agreement D Charterer’s Earnings Assignment Agreement E Manager’s Undertaking – Seamar Management S.
Together with delivery of the compliance certificates described in Section 7.01(e) required in connection with each fiscal quarter in each fiscal year of the Parent, and at any other time within 33 days of the written request of the Facility Agent, Appraisals dated no more than 14 days prior to the delivery thereof, in form and substance reasonably satisfactory to the Facility Agent and from two Approved Appraisers stating the then current Fair Market Value of each of the Collateral Vessels.
The Facility Agent shall have received Appraisals dated no more than 30 days prior to the Closing Date in scope, form and substance and from two Approved Appraisers, stating the current Fair Market Value of the Collateral Vessels.
Together with the balance sheets delivered pursuant to Section 9.01(b), and at any other time within 30 days of the written request of the Administrative Agent, Appraisals for each Mortgaged Vessel of recent date in form and substance and from two Approved Appraisers.
Within 45 days after the close of the second and the fourth quarterly accounting periods in each fiscal year of the Borrower, and at any other time within 33 days of the written request of the Administrative Agent, Appraisals for each Mortgaged Vessel of recent date in form and substance satisfactory to the Administrative Agent and from at least two Approved Appraisers.
At the time of delivery of the compliance certificates provided for in Section 7.01(e) required in connection with the second and fourth quarterly accounting periods in each fiscal year of the Borrower, and at any other time within 33 days of the written request of the Administrative Agent, Appraisals for each Collateral Vessel dated no more than 60 days prior to the delivery thereof in form and substance reasonably acceptable to the Administrative Agent and from two Approved Appraisers.
If, pursuant to the second sentence of this paragraph, only one Approved Appraiser is appointed, then such Approved Appraiser's Appraisal shall constitute the Fair Market Value.
In the event that the Credit Committee cannot agree on an Approved Appraiser, then each Anchor Member will engage an Approved Appraiser, each of which Approved Appraisers will perform its own appraisal with respect to Unit Value, and deliver such appraisal to the Credit Committee.