Approved Servicing Appraiser definition
Examples of Approved Servicing Appraiser in a sentence
The value of all Pledged Servicing Rights to Lenders shall be periodically determined as provided in Sections 7.1(n)(ii) and 3.2(b) by an Approved Servicing Appraiser.
Administrative Agent may select a second Approved Servicing Appraiser to calculate the Market Valuation of the Servicing Rights (the “Subsequent Determination”).
For purposes of this Section 3.2(b) and the determination of Collateral Value, in the event that any determination of Market Valuation of the Servicing Rights (the “Initial Determination”) is made by an Approved Servicing Appraiser selected by the Borrower, the Administrative Agent shall have up to five (5) Business Days from receipt of such determination to contest the Initial Determination in writing.
As of the date hereof, Mountainview Capital Markets is Borrower’s Approved Servicing Appraiser for the purposes of this Agreement.