Initial Appraisal Sample Clauses
The Initial Appraisal clause establishes a preliminary evaluation process for a particular matter, such as a property, asset, or claim, at the outset of an agreement or transaction. Typically, this involves appointing an independent expert or using agreed-upon criteria to assess value, condition, or compliance before further steps are taken. By providing an objective starting point, the clause helps both parties set expectations, identify potential issues early, and reduce the risk of disputes later in the process.
Initial Appraisal. The Administrative Agent shall have received (x) the Initial Appraisal in form reasonably satisfactory to the Administrative Agent, and (y) an Officer’s Certificate from a Responsible Officer of the Borrower demonstrating that, using the Appraised Value listed in the Initial Appraisal, on the Closing Date and after giving effect to the Extensions of Credit to be made on such date, the Collateral Coverage Ratio shall be no less than 1.6 to 1.0.
Initial Appraisal. (a) Within twenty four (24) months after the Amendment No. 3 Effective Date (or such longer period as the Borrower and the Administrative Agent may agree), the Borrower shall deliver the Initial Appraisal to the Administrative Agent.
Initial Appraisal. In conducting the Initial Appraisal, the Qualified Appraiser shall:
i. Use extraordinary assumption: Assume that the “Project” does not exist;
Initial Appraisal. The Property was appraised by __, a Qualified Appraiser (defined below), at Guarantor’s sole cost, (such appraisal being the “Initial Appraisal”) in the amount of $ . A copy of the Initial Appraisal is attached hereto as Exhibit B. The resale value of the Property, as determined by the Initial Appraisal, shall be referred to herein as the “Base Value”.
Initial Appraisal. Agent has received and approved that certain initial Appraisal report dated July 14, 2006 for the Brightwater Project performed by ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇.
Initial Appraisal. The Agent on behalf of the Lessor Parties shall have received the Initial Appraisal of the Property dated as of a date that is satisfactory to the Lessor Parties and in form and substance satisfactory to the Lessor Parties in their sole discretion.
Initial Appraisal. The Borrower shall have delivered a copy of the Initial Appraisal to the Administrative Agent and the Lenders.
Initial Appraisal. Agent has received and approved that certain initial Appraisal report dated July 14, 2006 performed by ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇.
Initial Appraisal. At the initial appraisal it is important to discuss the expectations of both Clinical Supervisor and GP Trainee during these 4 months. The GP Trainee needs to show the Clinical Supervisor their learning objectives, which have been mapped to the GP curriculum using the KSS Hospital Speciality Handbook (on Ashford/St ▇▇▇▇▇▇ website).The Clinical Supervisor then needs to map the GP Trainee’s working timetable to these learning objectives and help the GP Trainee produce a PDP.
Initial Appraisal. The Administrative Agent shall have received (x)(A) the First Lien Initial Appraisal in form substantially similar to draft appraisal previously shared with the Administrative Agent (which need only be provided for the first Borrowing) and (B) the Second Lien Initial Appraisal (which need only be provided for the first Borrowing), and (y) an Officer’s Certificate from a Responsible Officer of the Borrower demonstrating that, using the Appraised Value listed in the Initial Appraisal, on the Closing Date and after giving effect to the Extensions of Credit to be made on such date, the Collateral Coverage Ratio shall be no (i) less than 2.00 to 1.0 with respect to Collateral secured pursuant to the First Lien SGR Security Agreement or (ii) less than 1.33 to 1.0 with respect to Collateral secured pursuant to the Second Lien SGR Security Agreement.