Full Appraisal definition

Full Appraisal means, with respect to any Real Property, a “Full Appraisal Report” commissioned by the Administrative Agent and addressed to the Administrative Agent and the REIT (reasonably acceptable to the Administrative Agent as to form and substance), prepared by a professional appraiser reasonably acceptable to the Administrative Agent, having at least the minimum qualifications required under Applicable Law governing the Administrative Agent and the Lenders, including FIRREA, Asset Valuation Practice and Guidance Notes and any equivalent local regulation or guideline for such appraisals, and determining the “as-is” market value of such Real Property.
Sample 1
Full Appraisal with respect to any Operating Property, a “Full Appraisal Report” prepared in accordance with FIRREA and USPAP, undertaken by an Appraiser, and providing an assessment of the value of such Operating Property.
Sample 1

Examples of Full Appraisal in a sentence

  • There were zero (0) occurrences of this.Zero (0) loans had a Field Review or BPO, zero (0) loans had a Full Appraisal Review, and zero (0) loans had an Exterior Only Appraisal Review.

  • The program will focus on, but not limited to, building new homes in Houston's Complete Communities or High Opportunity Areas.4. The City will conduct an appraisal and complete a Full Appraisal Report.5. Based on the appraised value, The City will negotiate with the seller purchase price of the land to ensure it is within Fair Market Value.6. The seller is required to certify that the land is either owner-occupied or vacant and unoccupied.

  • There were zero (0) occurrences of this.Zero (0) loans had a Field Review or BPO, zero (0) loans had a Second Desk Review, and zero (0) loans had a Full Appraisal Review.

  • These should include your Company Name to be selected when ordering a Full Appraisal, Desktop Appraisals and Field Reviews to order CDA’s or Field Reviews, Manufactured Home for the Manufactured Home loan program.

  • There were zero (0) occurrences of this.Zero (0) loans had a Second Desk Review, and zero (0) loans had a Full Appraisal Review.

  • In addition, there is a role for continued maintenance of the HN catalogue, so that Units and Group Awards that become redundant in the future are dealt with consistently.

  • Prelios Valuations S.p.A. had revenues of € 11.0 million in 2017, a slight increase from € 10.5 million in 2016 reflecting the rise in revenues from Full Appraisal operations.

  • Copy of lease or easement uploaded (if applicable) If Land Donation is part of the match:Upload a Full Appraisal Report by a state certified General Real Estate Appraiser for the land defined in the project scope and any donated parcels.

  • A recertification of value is not acceptable.AppraisalLoan Amount Appraisal Requirement≤ $1,500,000 One Full Appraisal> $1,500,000 Two Full Appraisals Additional Collateral Valuation Requirements (when a second appraisal is not obtained): Option 1: A Fannie Mae Collateral Underwriter (CU) appraisal review that meets the following:o 1-unit property only (this is a CU limitation)o CU Risk Score ≤ 2.5When the above requirements are met, an ARR or CDA in Option 2 below is not required.

  • Full Appraisal for this quantity of storage is a ten year,£200M+ activity of which this Project should make a significant contribution.

Related to Full 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).

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

  • 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.

  • Required Appraisal shall have the meaning provided in Section 8.11(g).

  • 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).

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

  • 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.

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

  • 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.

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

  • Conversion Valuation Appraisal Report Page: 4 ================================================================================

  • Uniform Standards of Professional Appraisal Practice means the current standards of the appraisal profession, developed for appraisers and users of appraisal services by the Appraisal Standards Board of the Appraisal Foundation.

  • 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.

  • 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.

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

  • 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 Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.

  • 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.

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

  • Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

  • Approved Auditor means a person who is:

  • Appraiser An Independent nationally recognized professional commercial real estate appraiser who (i) is a member in good standing of the Appraisal Institute, (ii) if the state in which the related Mortgaged Property is located certifies or licenses appraisers, is certified or licensed in such state, and (iii) has a minimum of five years’ experience in the related property type and market.