New Appraisal definition

New Appraisal means an Appraisal of the Property, acceptable to Administrative Agent, dated no more than ninety (90) days prior to the then current Maturity Date.
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New Appraisal means an appraisal in form and substance acceptable to Lender dated no more than sixty (60) days prior to the Defeasance Date.
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New Appraisal means, for any Purchased Asset, an appraisal prepared by (i) the same appraiser that performed an appraisal on such Purchased Asset for Purchaser prior to the Closing Date or (ii) if such appraiser is no longer actively engaged in the business of appraising commercial real estate of similar size, quality and condition as the related Mortgaged Property or is otherwise no longer a reputable appraiser, in each case as determined by Purchaser in its sole and absolute discretion, an appraiser acceptable to Seller and Purchaser; provided, that if Seller and Purchaser fail to agree in good faith on such appraiser, Purchaser shall select such appraiser in its sole and absolute discretion.
Sample 1

Examples of New Appraisal in a sentence

  • The cord as the new rating of Less than minimum 90 period• Deployed:16 Jul 17 – 15 Feb 18Supervisors assigns most recent rating of record for 1 Apr 17 – 15 Feb 18• Returned to Duty:16 Feb 18 • New Appraisal Period:16 Feb 18 – 31 Mar 19Supervisor initiates new performance planFigure 1.

  • Jacoby, supra note 39, at 1; Randy Kennedy, New Appraisal Sets Value of Detroit Institute Artworks at Up to $8.5 Billion, N.Y. TIMES (July 28, 2014), http://arts beat.blogs.nytimes.com/2014/07/28/new-appraisal-sets-value-of-detroit-institute-artworks-at- up-to-8-5-billion/?_r=0.

  • The resulting rental rate would be affordable and designed to minimize vacancy rates.DOR appraisal Adjustment (from Analysis) New Appraisal Value Market Factors (from Analysis) Annual Rental Rates Strategy 2: Leaseholders would be encouraged to maximize leasehold and improvement value appreciation using a “valuation incentive system.” Trust beneficiaries would receive a payment that captures a fair “leasehold value” interest upon lease assignment and/or sale.

  • N., 2000, The Efficiency of Medical Malpractice Law: A New Appraisal, Research in Law and Economics 19, 247-273.

  • In addition to Administrative Agent’s right to obtain a New Appraisal at Borrower’s sole cost and expense as specifically set forth in this Agreement, Administrative Agent shall have the right to obtain a New Appraisal at Borrower’s sole cost expense one time per year, except, if an Event of Default has occurred and is continuing, Administrative Agent shall have the right to obtain more than one New Appraisal at Borrower’s sole cost and expense during a calendar year.

  • Notwithstanding the foregoing, the Seller shall have the right, exercisable on or before November 14, 1997 (the "Appraisal Period"), to have a second appraisal (the "New Appraisal") done on the Fixed Assets.

  • Grant of Term, Non-Exclusive Easement to the Association of Unit Owners (AOUO) of Hale Kai Condominium for Seawall/Revetment Purposes and Inclusion of Additional 1,287 Square Foot Encroachment Area; The Purpose of the Amendment is to Include Requirement for a New Appraisal Process to Determine Valuation of the Added Easement Area at Honokōwai, Lāhainā, Maui, Tax Map Key: (2) 4-4-001:Seaward of 042.

  • Progression of Aortic-Stenosis in Adults - New Appraisal Using Doppler Echocardiography.

  • The parties hereto agree that in the event the Seller elects to have such New Appraisal done within the Appraisal Period, and such New Appraisal reflects a different value for the Fixed Assets, the parties will adjust the Purchase Price (either upward or downward as appropriate) based upon such New Appraisal; provided that in no event shall the Purchase Price be adjusted by more than $46,500.

  • They say that Ms. Davidsonhad no funding at that time to redeem the Second Mortgage and the New Appraisal was not obtained until April 27, 2022, some 20 days later.


More Definitions of New Appraisal

New Appraisal means an Appraisal of an Additional Collateral Property delivered to Agent in connection with the satisfaction of the Additional Collateral Property Conditions with respect thereto.
Sample 1
New Appraisal means an appraisal in form and substance acceptable to Lender dated no more than sixty (60) days prior to the Defeasance Date. “ New Mezzanine Loan ” shall have the meaning set forth in Section 9.4(a) hereof.
Sample 1

Related to New 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.

  • 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.

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

  • 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).

  • 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).

  • Approved Appraisal Firm Each of the following firms: Xxxxxxxx Xxxxx, Inc., Duff & Xxxxxx LLC, Lincoln Advisors, Xxxxxx, Xxxxxx and Company and Valuation Research Corporation and (b) each Independent financial adviser of recognized standing retained by the Issuer, the Collateral Manager or the agent or lenders under any Collateral Obligation, as approved by the Collateral Manager.

  • Required Appraisal means, with respect to each Required Appraisal Loan, an appraisal of the related Mortgaged Property from an Independent Appraiser selected by the party required or authorized to obtain such appraisal hereunder, which appraisal shall be prepared in accordance with 12 CFR ss. 225.62 and conducted in accordance with the standards of the Appraisal Institute or, in the case of a Required Appraisal Loan having a Stated Principal Balance of, or in the case of a Mortgaged Property that has an allocated loan amount of, less than $2,000,000, if no satisfactory (as determined by the Special Servicer pursuant to Section 3.09(a)) appraisal meeting the foregoing criteria was obtained or conducted within the prior 12 months, a "desktop" value estimate performed by the Special Servicer.

  • 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 review means the act or process of developing

  • 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.

  • Conversion Valuation Appraisal Report Page: 1 - 3 ================================================================================

  • 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.

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

  • Appraisal District means the Xxxxxx County Appraisal District.

  • 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.

  • 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.

  • 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.

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

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

  • Independent Engineer means XxXxxxxx and XxxXxxxxxxx or any other third party engineering firm acceptable to the Administrative Agent in its sole discretion.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • 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.

  • 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.

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

  • Valuation means an estimate of the value of real estate or real property.