Desktop Appraisal definition
Desktop Appraisal means a written desktop appraisal by an Appraiser, undertaken at the sole expense of the Borrower, and in form and substance satisfactory to the Administrative Agent as to the fair market value of the Equipment being so appraised.
Desktop Appraisal an appraisal of the fair market value of property and business, performed by an Independent Appraiser without conducting a site visit to such property or business, using the evaluation methodology outlined in the definition of "Appraised Value".
Desktop Appraisal means a desktop appraisal performed by a third party selected by Borrower and reasonably acceptable to the Administrative Agent, and delivered to the Administrative Agent from time to time, as required hereunder, setting forth the fair market value of each of the Mortgaged Vessels, using consistent appraisal methodology reasonably satisfactory to the Administrative Agent, and a “Current Desktop Appraisal” means a Desktop Appraisal performed concurrently with or within twelve months prior to the date a Current Desktop Appraisal is required to be used to test Borrower’s compliance with the Collateral Maintenance Ratio hereunder.
Examples of Desktop Appraisal in a sentence
Administrative Agent and Collateral Agent shall have received the Desktop Appraisal satisfactory in form and substance to Administrative Agent and Collateral Agent.
Desktop Appraisal of One Hundred Fifteen (115) Various Aircraft ▇▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇▇ January 18, 2011 Opinion of the Current Market Values for the 115 Commercial Jet Transport Aircraft which Comprise the Delta Air Lines, Inc.
The Administrative Agent shall have received from the Borrower a recently dated Desktop Appraisal (which Desktop Appraisal shall include the Seahawk Vessels).
More Definitions of Desktop Appraisal
Desktop Appraisal means a desktop appraisal performed by a third party selected by Borrower and acceptable to the Administrative Agent, and delivered to the Administrative Agent from time to time, as required hereunder, on an orderly liquidation basis, using consistent appraisal methodology reasonably satisfactory to the Administrative Agent, and a “Current Desktop Appraisal” means a Desktop Appraisal performed concurrently with or within six months prior to the date a Current Desktop Appraisal is required to be used to test Borrower’s compliance with the Collateral Maintenance Ratio hereunder.
Desktop Appraisal means the desktop appraisal of Consolidated PP&E performed by Century Services, Inc. dated April 7, 2005.
Desktop Appraisal means an assessment of the value of the Qualified Equipment (as evaluated by the Qualified Appraiser without an onsite visit to any Eligible Location) setting forth the Appraisal Value of the Qualified Equipment as determined by the Qualified Appraiser by applying the Appraisal Value Methodology to each piece of Qualified Equipment set forth in the most recently delivered Equipment Inventory Report.
Desktop Appraisal means, for any Real Property Asset, a desktop appraisal commissioned, reviewed and approved by the Administrative Agent and prepared by an appraiser selected by the Administrative Agent, using appraisal methodology consistent with the Appraisal most recently delivered to the Administrative Agent with respect to such Real Property Asset.