Asset Appraisal Sample Clauses
The Asset Appraisal clause establishes the process and criteria for determining the value of specific assets involved in a transaction or agreement. Typically, it outlines who will conduct the appraisal, the methods or standards to be used, and the timing for when the valuation must occur. This clause ensures that all parties have a clear, agreed-upon basis for valuing assets, which helps prevent disputes and facilitates fair decision-making regarding asset transfers, buyouts, or settlements.
Asset Appraisal. Borrower shall have provided to FINOVA, at Borrower's sole cost and expense, an asset appraisal of all Borrower's fixed assets upon which FINOVA shall be granted a first priority lien and security interest, which appraisal must be acceptable to FINOVA in all respects.
Asset Appraisal. Borrower shall have provided to Agent, at Borrower's sole cost and expense, an asset appraisal of all Borrower's fixed assets upon which Agent shall be granted a first priority lien and security interest, for its benefit and the benefit of the Lenders, which appraisal must be acceptable to Agent in all respects;
Asset Appraisal. The Administrative Agent shall have received a satisfactory appraisal with respect to all vessels and certain property, plant and equipment of the Borrower and its Subsidiaries dated no earlier than March, 2007;
Asset Appraisal. 2.1.1 Party B shall, at its own expense, hire a qualified appraisal agent to conduct the Appraisal.
2.1.2 Party B covenants that the Appraisal shall be completed no later than 20th December 2006.
Asset Appraisal. Borrower shall have provided to FINOVA, a recent Appraisal Report which must be acceptable to FINOVA in all respects.
Asset Appraisal. Buyer shall deliver the asset appraisal to the parties referenced in the commitment letter dated the date hereof between Buyer and NationsBank, N.A. and NationsBanc Mont▇▇▇▇▇▇ ▇▇▇urities LLC on or before March 13, 1998.
Asset Appraisal. The Administrative Agent shall have received, with a copy for each Lender, copies of the verification of value, useful life and estimated residual value, prepared by Deloitte and Touche LLP Valuation Group in connection with the appraisal of the Leased Assets in form and substance reasonably satisfactory to the Initial Lenders.
Asset Appraisal. The Loan Parties shall have delivered Canadian asset appraisals (covering inventory), reasonably satisfactory to the Canadian Administrative Agent, prepared by an independent firm engaged directly by the Canadian Administrative Agent.
Asset Appraisal. Borrower will, no later than October 30, 2002, deliver an appraisal of Borrower’s Rental Inventory, which appraisal shall be in form and substance satisfactory to Bank, in its sole discretion.
Asset Appraisal. BORROWER SHALL HAVE PROVIDED TO FINOVA, AT --------------- BORROWER'S SOLE COST AND EXPENSE, AN ASSET APPRAISAL OF ALL BORROWER'S FIXED ASSETS UPON WHICH FINOVA SHALL BE GRANTED A FIRST PRIORITY LIEN AND SECURITY INTEREST, WHICH APPRAISAL MUST BE ACCEPTABLE TO FINOVA IN ALL RESPECTS.