MAI Appraisal Value definition
MAI Appraisal Value means, with respect to any real property, the appraisal value of such property as determined by written appraisal reports, in form and substance acceptable to Administrative Agent, meeting the requirements of the Federal Institutions Reform, Recovery and Enforcement Act of 1989, prepared by a professional appraiser, who is a member of the Member Appraisal Institute.
MAI Appraisal Value between the definitions of “Loan Parties” and “Management Cash Flow Value” :