Updated Appraisals definition

Updated Appraisals means as described in Section 2.4.2(c).
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Updated Appraisals means appraisals (in form and substance and by an appraiser reasonably satisfactory to Agent), dated no more than 180 days prior to, in the case of the Borrowing of the Delayed Draw Term Loan, the Delayed Draw Date or, in the case of any increase to the Revolving Credit Commitment, the Revolving Credit Commitment Increase Date.
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Updated Appraisals shall have the meaning set forth in Section 5.2(l).
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Examples of Updated Appraisals in a sentence

  • Such expenses shall include, by way of example and not by way of limitation, environmental assessments, Updated Appraisals and appraisals in connection with foreclosure, the fees and expenses of any administrative or judicial proceeding and expenses expressly identified as reimbursable in Section 3.06(vii).

  • Such expenses shall include, by way of example and not by way of limitation, environmental assessments, Updated Appraisals and appraisals in connection with foreclosure, the fees and expenses of any administrative or judicial proceeding and expenses expressly identified as reimbursable in Section 3.06(vi).

  • The Servicer shall send all such letter updates and Updated Appraisals to the Rating Agencies.

  • Such expenses shall include, by way of example and not by way of limitation, environmental assessments, Updated Appraisals and appraisals in connection with foreclosure, the fees and expenses of any administrative or judicial proceeding and expenses expressly identified as reimbursable in Section 3.06(v).

  • The Master Servicer or Special Servicer, as applicable, shall obtain annual letter updates to the Updated Appraisal or new Updated Appraisals.

  • For the avoidance of doubt, in no event shall Borrower be permitted to make Permitted Acquisitions unless the Equity Raise has occurred and the Restricted Proceeds and the Remaining Proceeds have been deposited in accordance with Section 2A.2(c) [Restricted Proceeds; Updated Appraisals] On or before the Deposit Date, Borrower will provide Agent with wire instructions to effect the transfer of any Excess Restricted Proceeds to the Remaining Proceeds Account.

  • Such expenses shall include, by way of example and not by way of limitation, environmental assessments, Updated Appraisals and appraisals in connection with foreclosure or determination of recoverability of an Advance, the fees and expenses of any administrative or judicial proceeding and expenses expressly identified as reimbursable in Section 3.06(vii).

  • The Updated Appraisals shall be conducted at the sole cost and expense of Borrower.

  • The Administrative Agent agrees to promptly furnish to the Lenders financial statements, field examination reports and Updated Appraisals obtained by the Administrative Agent pursuant to Section 6 of this Agreement.

  • If upon receipt of an updated appraisal pursuant to Section 3.6 (Updated Appraisals), the value of the Property, as determined by the Lender based upon its review of such appraisal, is less than that required pursuant to the terms of Section 3.6.