MAI Appraisal definition

MAI Appraisal means an appraisal conducted by a member of the Appraisal Institute in accordance with the standards of the Appraisal Institute.

MAI Appraisal means an appraisal made by a member in good standing of the American Institute of Real Estate Appraisers.

MAI Appraisal means with respect to each Facility, an appraisal, in form and substance satisfactory to Purchaser, prepared by an appraiser who is a Member of the Appraisal Institute and is experienced in appraising properties of the same nature, and in the same geographical vicinity, as each Facility.

Examples of MAI Appraisal in a sentence

• The second appraisal can be eliminated if a MAI Appraiser is used for the second appraisal, at which time the ASKING PRICE shall be the average between the first appraisal and the MAI Appraisal.

• In addition, Mr. Batis has been a member of the MAI Appraisal Institute since 1994, and is also certified by the State of Illinois as a general real estate appraiser.

• The current annual fair market value of an unencumbered lease may be used as match as demonstrated with a State Certified or MAI Appraisal.

• The Contractor covenants that it presently has no interest and shall not acquire any interest, of a direct or indirect nature, which would conflict in any manner or degree with the performance of services to be performed under this Contract.

• He has a bachelors degree, holds a MAI Appraisal Institute Designation, and is a certified real estate appraiser.

More Definitions of MAI Appraisal

MAI Appraisal. Any appraisal prepared by an Independent member of the Appraisal Institute (who has five years' experience with property types comparable to the property type of the related Mortgaged Property and in the jurisdiction in which the related Mortgaged Property is located) required pursuant to Section 6.13 of the Servicing Agreement.

MAI Appraisal. An appraisal (a) prepared by (i) a Pre-Approved Appraiser or (ii) another appraiser reasonably acceptable to Landlord, (b) that satisfies the requirements of Title XI of the Federal Institution Reform, Recovery and Enforcement Act of 1989 and the regulations promulgated thereunder and (c) otherwise is in form and substance reasonably satisfactory to Landlord and Tenant. If the Parties are unable to agree as to the form and substance of an MAI Appraisal, either Party shall have the right to submit such dispute to expedited arbitration in accordance with the provisions of Section 27.1.

MAI Appraisal means real property appraisal(s) of the value of any Portfolio Asset, determined on a market value basis, performed and prepared, impartially by an independent MAI qualified appraiser(s) that is reasonably acceptable to the Administrative Agent, (provided, however, CB Rxxxxxx Xxxxx and Cxxxxxx & Wxxxxxxxx shall be deemed acceptable for the purposes hereof). Each such MAI Appraisal shall have been prepared in accordance with the Uniform Standards of Professional Appraisal Practice and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. Mandatory Prepayments as defined in Section 2.3.10(b)(i).

MAI Appraisal means an appraisal, in form and substance satisfactory to Purchaser, prepared by an appraiser who is a Member of the Appraisal Institute and is experienced in appraising properties of the same nature, and in the same geographical vicinity, as the Facilities.

MAI Appraisal means an appraisal made by an MAI Appraiser.

MAI Appraisal means an appraisal made by an independent qualified appraiser who is a member in good standing of the American Institute of Real Estate Appraisers.

MAI Appraisal means the valuation of the Real Property as of March 20 1, 2021, as prepared by Xxxxx Xxxxxxx, MAI.