Vessel Appraisal definition

Vessel Appraisal means a written desktop appraisal of each Collateral Vessel delivered to the Administrative Agent and the Collateral Agent, in form, scope and methodology reasonably acceptable to the Collateral Agent and prepared by an Approved Broker, addressed to the Collateral Agent and upon which the Administrative Agent, the Collateral Agent and the Lenders are expressly permitted to rely.
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Vessel Appraisal means a written appraisal of the Eligible Vessels delivered to Agent, in form, scope and methodology reasonably acceptable to Agent in good faith and by an appraiser reasonably acceptable to Agent, addressed to Agent and upon which Agent and Lenders are expressly permitted to rely.
Sample 1
Vessel Appraisal means a written desktop appraisal of each Collateral Vessel prepared by an Approved Broker.
Sample 1

Examples of Vessel Appraisal in a sentence

  • On the Fourth Amendment Effective Date and immediately after giving effect to the Loans incurred on such date, the Borrower shall be in compliance with Sections 6.10(d), based on the most recent applicable Vessel Appraisal Value.

  • The Administrative Agent shall have received a recent Vessel Appraisal of each Collateral Vessel prepared by two Approved Brokers selected by the Borrower in form, scope and methodology reasonably acceptable to the Collateral Agent, addressed to the Collateral Agent and upon which the Administrative Agent, the Collateral Agent and the Lenders are expressly permitted to rely; provided that the Closing Date Appraisals shall be deemed to be acceptable for this purpose.

  • On the date of each Credit Extension and immediately after giving effect to the Loans incurred on such date, the Borrower shall be in compliance with Section 6.10(d), based on the most recent applicable Vessel Appraisal Value.

  • For purposes of this Section 6.10, the Fair Market Value of a Collateral Vessel at any time shall be as set forth in the Vessel Appraisal most recently delivered to the Administrative Agent pursuant to this Agreement from one (or, if requested by the Administrative Agent, two) Approved Brokers and determined on the basis of a charter-free arm’s length transaction between a willing and able buyer and a seller not under duress.

  • The Solent might offer a facility to service the Navitus Bay array, but also support other marine technology installations located on both sides of the channel.There may also be different requirements for Operation and Maintenance.

  • Agent and Security Trustee shall promptly, upon receipt thereof, forward to each Lender copies of the results of any field audit, examination, appraisal or Vessel Appraisal prepared by or on behalf of Agent or Security Trustee with respect to any Obligor or Collateral (“Report”).

  • Such costs, expenses and advances include transfer fees, Other Taxes, storage fees, insurance costs, permit fees and utility reservation and standby fees, and reasonable legal fees, appraisal fees, Vessel Appraisal fees, brokers’ fees and commissions, auctioneers’ fees and commissions, accountants’ fees, environmental study fees, wages and salaries paid to employees of any Obligor or independent contractors in liquidating any Collateral, and travel expenses.

  • The effort estimation depends upon the maintenance request (MR) which can range from the correction of spelling mistake to adding a new feature in the system.

  • Metro’s policy that it will accept only commercial advertising applies regardless of whether the proponent is a commercial or nonprofit organization.


More Definitions of Vessel Appraisal

Vessel Appraisal means a written appraisal of the Eligible ABL Priority Collateral Vessels delivered to the Collateral Agent, each of which appraisals shall consist of a written physical walk-around valuation (conducted in a fashion typical for such type of valuation and understood to exclude tank entry) or desktop appraisal (at the discretion of the Administrative Agent or the Collateral Agent) of each ABL Priority Collateral Vessel delivered to the Administrative Agent and the Collateral Agent, in form, scope and methodology reasonably acceptable to the Collateral Agent in its Permitted Discretion and prepared by an Approved Broker, addressed to the Collateral Agent and upon which the Administrative Agent, the Collateral Agent and the Lenders are expressly permitted to rely.
Sample 1
Vessel Appraisal means an appraisal of the Collateral consisting of the Vessels, to be conducted by an Approved Appraiser, at the sole cost and expense of the Borrowers.
Sample 1
Vessel Appraisal means a written appraisal of the Eligible Vessels delivered to Agent, in form, scope and methodology reasonably acceptable to Agent in good faith and by an appraiser reasonably acceptable to Agent, addressed to Agent and upon which Agent and Lenders are expressly permitted to rely. For purposes of this Agreement, except to the extent that circumstances or conditions may hereafter change that make appropriate any change in the form, scope or methodology of appraisals as Agent may determine in good faith, a desktop appraisal update conducted by Xxxxxx, Xxxxxx & Xxxxxxx, Inc. in alternate years subsequent to the recent appraisal (i.e. years 1, 3, 5, etc), with inspections in each other year (2, 4, etc.) of a representative sample of the fleet consisting of approximately 15% of the boats, 7.5% of the tankers, 5% of the dry cargo barges, and a brief walk-around of several of the fleet facilities, shall be acceptable to Agent.
Sample 1

Related to Vessel Appraisal

  • 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.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated January 22, 2008 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraiser firm pursuant to Section 9.2(b).

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

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

  • PPRA wherever appearing means The Public Procurement Regulatory Authority or its successor(s) and assign(s) where the context so admits.

  • 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.

  • FIRREA The Financial Institutions Reform, Recovery, and Enforcement Act of 1989.

  • 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.

  • 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.

  • Appraisal Well means a Well drilled pursuant to an Appraisal Programme.

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

  • Appraisal review means the act or process of developing

  • Uniform Standards of Professional Appraisal Practice means the current standards of the appraisal profession, developed for appraisers and users of appraisal services by the Appraisal Standards Board of the Appraisal Foundation.

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

  • Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

  • parent engine means an engine selected from an engine family in such a way that its emissions characteristics are representative for that engine family.

  • 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.

  • 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.

  • Approved Petroleum Engineer means (a) Netherland, Xxxxxx & Associates, Inc., (b) XxXxxxxx and XxxXxxxxxxx, (c) Xxxxxx, Xxxxxxxxx & Associates, Inc., (d) Xxxxx Xxxxx Company Petroleum Consultants, L.P. and (e) any other reputable firm of independent petroleum engineers as shall be selected by the Borrower and approved by the Administrative Agent, such approval not to be unreasonably withheld, conditioned or delayed.