LTV Appraisal means a current fair market value appraisal (which may be a "desk-top" appraisal) performed by any Appraiser or any other nationally recognized appraiser on the basis of an arm's-length transaction between an informed and willing purchaser under no compulsion to buy and an informed and willing seller under no compulsion to sell and both having knowledge of all relevant facts.
LTV Appraisal means a current fair market appraisal (which may be a "desktop" appraisal) performed by any Appraiser or any other nationally recognized appraiser on the basis of an arm's-length transaction between an informed and willing purchaser under no compulsion to buy and an informed and willing seller under no compulsion to sell and both having knowledge of all relevant facts.
LTV Appraisal means a current fair market value appraisal (which may be a "desk-top" appraisal) performed by any Appraiser or any other nationally recognized appraiser on the basis of an
More Definitions of LTV Appraisal
LTV Appraisal. On the date which is the later of (i) ninety (90) days following the Release Date, or (ii) five (5) Business Days following Administrative Agent’s and Required Lender’s approval of an LTV Appraisal (the “Approved LTV Appraisal”) and written notification to Borrower of the LTV Ratio based on the Approved LTV Appraisal of the Mortgaged Property (taking into account the Cactus Assemblage Release and a $40,000,000.00 deemed reduction in the outstanding principal amount of the Loan as a result of Borrower’s delivery of any of the items set forth in Section 10.24(a)(5)(i)(B), (ii) or (iii) above) (the “Approved LTV Ratio”), either:
LTV Appraisal shall have the meaning set forth in Section 10.24(b).