Closing Appraisal definition

Closing Appraisal means the appraisal, dated as of the Closing Date, prepared by the Appraiser with respect to the Owner Lessor's Interest.

Closing Appraisal means the appraisal, dated the Closing Date, prepared by the Appraiser and addressed to the Owner Participant with respect to the Owner Lessor's Interest, which Closing Appraisal shall:

Closing Appraisal means the appraisal, dated the Closing Date, prepared by the Appraiser for the use of TVA.

Examples of Closing Appraisal in a sentence

• The Owner Participant shall have received the Closing Appraisal prepared by the Appraiser addressed and delivered only to the Owner Participant and in form and substance satisfactory to the Owner Participant, together with a letter of the Appraiser certifying that its conclusions set forth in the Closing Appraisal are true and correct as of the Closing Date.

• Each of the Owner Lessor and the Manager shall have received a satisfactory letter of the Appraiser setting forth the conclusions of the Closing Appraisal as to the fair market value and remaining economic useful life of the Facility as of the Closing Date and the methodology of determination thereof.

• The Owner Participant shall be satisfied that the Facility shall be in the condition described in the Closing Appraisal.

• All conditions required to have been satisfied by on or before the Closing Date under the Operative Documents shall have been satisfied or waived and the Owner Participant shall be satisfied that the Facility shall be in the condition described in the Closing Appraisal.

• All conditions required to have been satisfied by on or before the Closing Date under the Operative Documents and the FILOT Lease shall have been satisfied or waived and the Owner Participant shall be satisfied that the Facility shall be in the condition described in the Closing Appraisal.

More Definitions of Closing Appraisal

Closing Appraisal means the initial Satisfactory Real Estate Appraisal in respect of the Global Headquarters provided to the Administrative Agent and the Lenders prior to the Third Restatement Date.

Closing Appraisal means the “desktop” appraisal by DAI Management Consultants, Inc. of the fair market value of the Company based on discounted cash flows of the Project Company and the useful life of each Project, which will also contain a depreciable property cost segregation.

Closing Appraisal means the appraisal, dated the Closing Date, prepared by the Appraiser for the use of TVA. “Closing Date" shall have the meaning specified in Section 2.2(a) of the Participation Agreement. 7 “CMA Payment" shall have the meaning specified in Section 6.1 of the Construction Management Agreement. “Code" shall mean the Internal Revenue Code of 1986, as amended from time to time, and any successor statute. “Co-Equity Manager" shall mean a co-Manager appointed pursuant to Section 21 of the Equity Investor LLC Agreement. “Co-Lessor Manager" shall mean a co-Independent Manager appointed pursuant to Section 16.6 of the Owner Lessor LLC Agreement. “Collateral" shall have the meaning specified in the Granting Clause of the Owner Lessor Mortgage. “Common Facilities" shall mean all property and facilities intended for common use in the operation of the Units, including but not limited to a Toshiba nominally rated 400 megawatt steam turbine generator, as more particularly described on Exhibit A to the Facility Lease, and shall include any Modifications to such facilities which become subject to the Head Lease during the Facility Lease Term and any Modifications to the Common Facilities made in accordance with the Support Agreement, but shall not include any property or facilities that are used in whole or in part solely for operation or maintenance of other TVA generating units. “Competitor" shall have the meaning specified in Section 7.1(b) of the Participation Agreement. “Component" shall mean any appliance, part, instrument, appurtenance, accessory, furnishing, equipment or other property of whatever nature that may from time to time be incorporated in any Unit or the Facility, except to the extent constituting Modifications. “Confidential Information" shall have the meaning specified in Section 13.2 of the Participation Agreement. “Construction Cost" shall mean, with respect to any Modification, the actual cost or purchase price (after deducting amounts realized as the salvage value of any component or item of equipment which is being replaced by the Modification, determined in accordance with Prudent Industry Practice), including, without limitation, (i) all costs of architectural and engineering services, labor, materials, equipment, supplies, personnel training, testing, permits and licenses, and legal services, (ii) payroll, including related fringe benefits and payroll taxes, of direct full time employees of TVA allocable on an actual time basis to such acquisi...

Closing Appraisal means an MAI appraisal in form and substance acceptable to Landlord and provided to Landlord on or prior to the Closing Date which indicates an estimated fair market value and useful life of the Premises on the Closing Date, assuming construction of the Improvements in accordance with the Approved Plans.

Closing Appraisal the appraisal issued by Aviation Management in June, 1997 relating to the Aircraft.

Closing Appraisal means the appraisal, dated as of the Closing Date, prepared by the Appraiser with respect to the Owner Lessor's Interest in each Facility and the related Facility Site.

Closing Appraisal has the meaning assigned to such term in Section 4.1(i).