Examples of Approved Third-Party Appraiser in a sentence
For purposes of this Section 5.12(b)(ii)(K), if the valuation of any Approved Third-Party Appraiser retained by the Administrative Agent is a range, then Value shall be deemed the midpoint of the range.
Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Approved Third-Party Appraiser retained by the Administrative Agent incurred pursuant to Section 5.12(b)(ii)(J) in excess of the greater of (x) $200,000 and (y) 0.05% of total Commitments, incurred for all such fees, costs and expenses in any 12-month period (the “Supplemental Cap”).
Notwithstanding the foregoing, the Administrative Agent, individually or at the request of the Required Lenders, shall at any time have the right to request any Portfolio Investment to be independently tested by an Approved Third-Party Appraiser selected by the Administrative Agent at any time.