Valuation Certificate definition

Valuation Certificate means a certificate, in form and substance satisfactory to the Required Lenders, executed by a Responsible Officer of the Parent specifying a value in Dollars (and not a range of values), dated as of the delivery thereof, that certifies, at the time of determination, in reasonable detail the Appraised Value of the Eligible Collateral specified therein.
Valuation Certificate has the meaning given to this term in Clause 3.1.
Valuation Certificate means a certificate substantially in the form set out in Schedule 7 (Form of Valuation Certificate).

Examples of Valuation Certificate in a sentence

  • However, no appraisal of fair market value of fee title is required in any case where assessed value, sup- ported by statement of the assessor and ENG Form 869–R (15% Valuation Certificate), can be used for compliance with existing law, Section 322 of the Act of June 30, 1932 (40 U.S.C. 278a),known as the ‘‘Economy Act.’’ Feevalue is not required for land only leases, as the Economy Act is not ap- plicable.(2) An exception to the above proce- dure is in regard to the appraisal of family housing units.

  • The Initial Lender shall have received Appraisals and, in the case of Qualified Receivables, a Valuation Certificate, in each case satisfactory in form and substance and, in the case of Appraisals, performed by an Eligible Appraiser.

  • However, no appraisal of fair market value of fee title is required in any case where assessed value, sup- ported by statement of the assessor and ENG Form 869–R (15% Valuation Certificate), can be used for compliance with existing law, Section 322 of the Act of June 30, 1932 (40 U.S.C. 278a), known as the ‘‘Economy Act.’’ Fee value is not required for land only leases, as the Economy Act is not ap- plicable.(2) An exception to the above proce- dure is in regard to the appraisal of family housing units.

  • You should retain all details relating to the agreed valuation including the Agreed Valuation Certificate, photographs, agreed valuation form, bills and receipts and all other information supplied at the time of the valuation for inspection in the event of a claim.

  • If We pay You for the total loss (write-off) or unrecovered Theft of Your Vehicle, We will pay the value shown on Your current Agreed Valuation Certificate.


More Definitions of Valuation Certificate

Valuation Certificate means a summary valuation report containing inter alia, the following:
Valuation Certificate. Section 6.18.
Valuation Certificate means a certificate attached hereto as Exhibit N or such other form acceptable to the Majority Lenders;
Valuation Certificate has the meaning given in paragraph 3 of Schedule 10;
Valuation Certificate means a certificate given by a member of the Royal Institute of Chartered Surveyors (or an alternative valuer agreed in writing by the Council) duly setting out and certifying the current OMV of an Intermediate Housing Unit.
Valuation Certificate shall have the meaning provided in Section 8.01(j).
Valuation Certificate means any written notice provided by the Valuation Agent to the Issuer in accordance with Clause 4.9 (Calculations).