Base Appraisal definition

Base Appraisal means, with respect to each Home financed hereunder, the lesser of (i) the value of such Home (as it will exist upon the completion of construction thereof) as determined by the Qualified Appraiser (as adjusted by Lender in its reasonable discretion at the time of receipt of said Appraisal) for the model plan type of said Home, which value shall be determined without lot premiums, options or upgrades (unless included by Lender in its sole discretion), or (ii) Borrower’s estimated sales price of such Home.
Sample 1Sample 2Sample 3
Base Appraisal means, with respect to each Home financed by a Loan to be made hereunder, the lesser of (i) the value of such Home as determined by the Appraisal (as adjusted by Lender in its reasonable discretion) for the model plan type of said Home, which value shall be determined without lot premiums, options or upgrades (unless included by Lender in its sole discretion), or (ii) Borrower’s estimated sales price of such Home. For purposes of this Agreement, all such appraisals shall be referred to individually and collectively in the singular. Any and all FNMA appraisals shall establish the retail value of each model plan type to be financed in connection with each Qualified Project.
Sample 1Sample 2Sample 3
Base Appraisal means, with respect to each Home financed by a Loan to be made hereunder, the lesser of (i) the value of such Home as determined by the Appraisal (as adjusted by Lender in its reasonable discretion) for the model plan
Sample 1

Examples of Base Appraisal in a sentence

  • The parties hereby agree that, if, from the Base Appraisal Date to the Effective Date of the Transfer, the value of the transferred assets increases or decreases as a result of the constant business operation of Party A, Party A shall take possession of the increased value or make up for the decreased value.

  • The lesser of (i) sixty-five percent (65%) of Total Costs or (ii) sixty percent (60%) of the Base Appraisal for said Homes, as determined in Lender’s reasonable discretion.

  • For each Initial Borrowing Base Property, (i) an Acceptable Borrowing Base Appraisal and (ii) an Operating Lease Consent.

  • In accordance with the stipulations set forth in Article 4 (3) of the Assets Purchase Agreement, if, from the Base Appraisal Date to the Effective Date of the Transfer, the value of the transferred assets increases or decreases as a result of the constant business operation of Party A, Party A shall take possession of the increased value or make up for the decreased value.

  • The parties hereby agree that, on the Base Appraisal Date, all the assets under this Agreement that shall be transferred to Party B on the Effective Date of the Transfer are listed in the Assets Appraisal Report in Attachment 1 of this Agreement.

  • Notwithstanding the foregoing, Administrative Agent shall, upon its reasonable belief that a Material Property Event has occurred with respect to a Borrowing Base Property, or is likely to occur, be entitled to obtain from time to time, at its own expense, an Acceptable Borrowing Base Appraisal for such Borrowing Base Property.

  • The Eligible Real Estate Qualification Documents for each Borrowing Base Asset included in the calculation of the Borrowing Base Appraisal Value Limit as of the Closing Date shall have been delivered to the Agent at the Borrower’s expense and shall be in form and substance reasonably satisfactory to the Agent.

  • The appraiser was selected from a panel of qualified appraisers as determined by Home Base Appraisal Management, LC.

  • Cllr Doughty would be very surprised if match funding would be offered and DIO to make any immediate decision.

  • For purchase transactions, the purchase agreement was provided to the appraiser as required by USPAP Standards Rule 1-5(a) Home Base Appraisal Management, LC complies with Mandatory reporting requirements of the Truth in lending Act.


More Definitions of Base Appraisal

Base Appraisal means the value of each Home as determined by a qualified residential appraiser, which appraisal shall be satisfactory to Lender in all respects and shall establish a base appraised value, provided, however, such value may be adjusted upwards by the appraised value of average options and upgrades anticipated per Unit, as determined by the appraiser through comparable sales.
Sample 1

Related to Base Appraisal

  • Acceptable Appraisal means, with respect to an appraisal of Inventory, the most recent appraisal of such property received by Agent (a) from an appraisal company satisfactory to Agent, (b) the scope and methodology (including, to the extent relevant, any sampling procedure employed by such appraisal company) of which are satisfactory to Agent, and (c) the results of which are satisfactory to Agent, in each case, in Agent’s Permitted Discretion.

  • Current Appraisal With respect to any Mortgage Loan as to which the Purchaser has made an Election to Delay Foreclosure, an appraisal of the related Mortgaged Property obtained by the Purchaser at its own expense from an independent appraiser (which shall not be an affiliate of the Purchaser) acceptable to the Company as nearly contemporaneously as practicable to the time of the Purchaser's election, prepared based on the Company's customary requirements for such appraisals. Election to Delay Foreclosure: Any election by the Purchaser to delay the Commencement of Foreclosure, made in accordance with Section 2.02(b).

  • Updated Appraisal means an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted subsequent to any Appraisal performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder or applicable Servicer.

  • Approved Appraisal Firm Each of the following firms: Xxxxxxxx Xxxxx, Inc., Duff & Xxxxxx LLC, Lincoln Advisors, Xxxxxx, Xxxxxx and Company and Valuation Research Corporation and (b) each Independent financial adviser of recognized standing retained by the Issuer, the Collateral Manager or the agent or lenders under any Collateral Obligation, as approved by the Collateral Manager.

  • Required Appraisal means, with respect to each Required Appraisal Loan, an appraisal of the related Mortgaged Property from an Independent Appraiser selected by the party required or authorized to obtain such appraisal hereunder, which appraisal shall be prepared in accordance with 12 CFR ss. 225.62 and conducted in accordance with the standards of the Appraisal Institute or, in the case of a Required Appraisal Loan having a Stated Principal Balance of, or in the case of a Mortgaged Property that has an allocated loan amount of, less than $2,000,000, if no satisfactory (as determined by the Special Servicer pursuant to Section 3.09(a)) appraisal meeting the foregoing criteria was obtained or conducted within the prior 12 months, a "desktop" value estimate performed by the Special Servicer.

  • Conversion Valuation Appraisal Report Page: 1 - 3 ================================================================================

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Independent Appraiser means a nationally recognized or major regional investment banking firm or firm of independent certified public accountants of recognized standing (which may be the firm that regularly examines the financial statements of the Issuer) that is regularly engaged in the business of appraising the Capital Stock or assets of corporations or other entities as going concerns, and which is not affiliated with either the Issuer or the Holder of any Warrant.

  • Control Appraisal Period shall exist with respect to the Mortgage Loan, if and for so long as:

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

  • Appraisal review means the act or process of developing

  • FIRREA means the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended.

  • CREFC® Appraisal Reduction Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Appraisal Reduction Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Appraisal Well means a Well drilled pursuant to an Appraisal Programme.

  • Cumulative Appraisal Reduction Amount As of any date of determination by the Special Servicer, the sum of (i) all Appraisal Reduction Amounts then in effect, and (ii) with respect to any AB Modified Loan, any Collateral Deficiency Amount then in effect. The Certificate Administrator and the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Cumulative Appraisal Reduction Amount. None of the Master Servicer, the Trustee nor the Certificate Administrator shall calculate or verify any Cumulative Appraisal Reduction Amount.

  • Approved Appraiser means any of the following: Xxxxx Xxxxxxxx Xxxxxx, Xxxxx, H Xxxxxxxx & Co. Ltd., London, X.X. Xxxxxx Shipbrokers, Norway, or Fearnley AS, Norway.

  • Appraisal Report A report setting forth the fair market value of a Mortgaged Property as determined by an appraiser who, at the time the appraisal was conducted, met the minimum qualifications of FNMA and FHLMC for appraisers of conventional residential mortgage loans.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Qualified Appraiser An appraiser, duly appointed by the Seller, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation was not affected by the approval or disapproval of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfied the requirements of Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated.

  • Required Appraisal Loan As defined in Section 3.19(a).

  • Approved Third-Party Appraiser means each of (a) Xxxxxx, Xxxxxx & Co., (b) Xxxxxxxx Xxxxx Xxxxxx & Xxxxx Inc., (c) Lincoln International LLC (formerly known as Lincoln Partners LLC), (d) Duff & Xxxxxx Corporation, (e) Valuation Research Corporation, (f) Xxxxxxx & Xxxxxx, (g) Xxxxxx Xxxxxxxxx and (h) any other third party appraiser selected by the Borrower in its reasonable discretion.

  • Appraisal District means the Xxxxxx County Appraisal District.

  • MAI Appraiser With respect to any real property, a member of the American Institute of Real Estate Appraisers with a minimum of 5 years of experience appraising real property of a type similar to the real property being appraised and located in the same geographical area as the real property being appraised.

  • Independent educational evaluation means an evaluation conducted by a qualified examiner who is not employed by the public agency responsible for the education of the child in question.

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Qualifying Examination means examinations on the basis of which a candidate becomes eligible for admission or its equivalent examination;