Initial Appraisal Report means the Valuation Report, dated March 16, 2018, by Xxxxxx Xxxxx & Xxxxx.
Initial Appraisal Report means the initial appraisal report delivered in respect of the Pool Assets in accordance with Section 5.10.
Initial Appraisal Report means the initial appraisal report delivered in respect of the Collateral in accordance with Section 4.01(k).
Examples of Initial Appraisal Report in a sentence
The Administrative Agent shall have received the Initial Appraisal Report, and such Appraisal Report shall demonstrate that, at the time the Lenders make the initial Term Loans and after giving effect thereto, the Borrower shall be in compliance on a pro forma basis with the Collateral Coverage Test.
More Definitions of Initial Appraisal Report
Initial Appraisal Report means, collectively, (a) a satisfactory independent collateral appraisal of the assets of Quail Tools prepared during the twelve-month period ending on the Closing Date, including in connection with the Existing Credit Agreement and (b) a satisfactory independent collateral appraisal of the Specified Rigs prepared during the three-month period ending on the Closing Date, in each case, prepared by a third-party collateral appraiser reasonably acceptable to the Administrative Agent in its sole discretion.
Initial Appraisal Report means, collectively, (a) that certain energy equipment appraisal report, dated as of October 10, 2014, on Quail Tools, (b) that certain energy equipment appraisal report, dated as of October 10, 2014, on 13 Inland Drilling Barge Rigs, described in such report as being owned by “Xxxxxx USA Drilling Company” (it being understood that such rigs are in fact owned by Xxxxxx Drilling Offshore USA, L.L.C.) and (c) that certain restricted appraisal report, dated as of October 10, 2014, on Arctic Land Drilling Rigs #272 and #273, described in such report as being owned by “Xxxxxx Drilling Company” and “Xxxxxx Drilling Arctic Operating, Inc.” (it being understood that such rigs are in fact owned by Xxxxxx Drilling Arctic Operating LLC). -31- US-DOCS\97384607.24
Initial Appraisal Report means, collectively, that certain appraisal report, dated as of November 6, 2012, on (13) Inland Drilling Barge Rigs Owned by Xxxxxx USA Drilling Company and that certain appraisal report, dated as of November 6, 2012, on Quail Tools LLC.
Initial Appraisal Report means that certain appraisal for Bank of America, N.A. (CSI/Compressco) dated July 26, 2016 prepared by Superior Asset Management for the Administrative Agent.
Initial Appraisal Report means the Delta Air Lines Pacific Routes Appraisal, dated August 22, 2012, by Xxxxxx, Xxxxx & Xxxxx.
Initial Appraisal Report means that certain Appraisal Report dated July 7, 2003 issued by Xxxxxxx Marine Services, Inc., covering the Vessels.
Initial Appraisal Report means the Valuation Report, dated March 16, 2018, by Morten Beyer & Agnew.