Example ContractsClausesAppraised Value
Appraised Value
Appraised Value contract clause examples

Appraised Value” means the value ascribed to a share of the subject Equity Securities as set forth in the most recent written appraisal previously issued by an independent Person selected by the audit committee of the Company nationally recognized as having experience in providing investment banking or similar appraisal or valuation services and with expertise generally in the valuation of securities; provided, that it being

Appraised Value: With respect to any Mortgaged Property, the lesser of (i) the value thereof as determined by an appraisal made for the originator of the Mortgage Loan at the time of origination of the Mortgage Loan and (ii) the purchase price for the related Mortgaged Property paid by the Mortgagor with the proceeds of the Mortgage Loan; provided, however, in the case of a Refinanced Mortgage Loan, such value of the Mortgaged Property is based solely upon the value determined by an appraisal made for the originator of such Refinanced Mortgage Loan at the time of origination of such Refinanced Mortgage Loan.

Appraised Value” means (a) with respect to Borrowers’ Eligible Inventory, the appraised orderly liquidation value, net of costs and expenses to be incurred in connection with any such liquidation, which value is expressed as a percentage of Cost of the Borrowers’ Eligible Inventory as set forth in the Borrowers’ inventory stock ledger, which value shall be determined from time to time by the most recent appraisal undertaken by an independent appraiser engaged by the Administrative Agent using a methodology substantially consistent with the methodology utilized in connection with appraisals undertaken prior to the Effective Date, or (b) with respect to Borrower’s Prescription Lists, the appraised orderly liquidation value, net of costs and expenses to be incurred in connection with any such liquidation, of the Borrowers’ Prescription Lists, which value shall be determined from time to time by the most recent appraisal undertaken by an independent appraiser engaged by the Administrative Agent using a methodology substantially consistent with the methodology utilized in connection with appraisals undertaken prior to the Effective Date.

Appraised Value” means the Net Cash Proceeds that reasonably would be anticipated to be received upon Disposition of the applicable hotel property at its appraised value as hereinafter determined. Within sixty (60) days of the date of the applicable exercise of remedies pursuant to the Security Agreement, the Company and the Collateral Agent shall attempt to agree

Appraised Value” means the appraised orderly liquidation value, net of costs and expenses to be incurred in connection with any such liquidation, which value, (i) with respect to Eligible Inventory, is expressed as a percentage of Cost of Eligible Inventory as set forth in the inventory stock ledger of the applicable Loan Party, which value shall be determined from time to time by the most recent appraisal undertaken by an independent appraiser reasonably satisfactory to the ABL Agent, or (ii) with respect to Eligible Intellectual Property, shall be determined from time to time by reference to the most recent appraisal received by the Agent conducted by an independent appraiser that is retained by the Agent.

Appraised Value” means 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.

Appraised Value” means with respect to (x) Eligible Inventory, the appraised orderly liquidation value, net of costs and expenses to be incurred in connection with any such liquidation, which value is expressed as a percentage of Cost of Eligible Inventory as set forth in the inventory stock ledger of the Borrower Consolidated Group, which value shall be determined from time to time by the most recent appraisal undertaken by an independent appraiser engaged by the Agent subject to Section 5.9, (y) with respect to Real Estate, the fair market value of Real Estate as set forth in the most recent appraisal of Real Estate as determined from time to time by an independent appraiser engaged by the Agent, in form and substance reasonably satisfactory to the Agent and the Second Amendment Lenders, which appraisal shall be in compliance with all FIRREA requirements, provided that the Appraised Value of Eligible Real Estate shall in no event exceed the maximum amount of the Obligations at any time specified to be secured by a Mortgage thereon, or (z) with respect to Eligible Trade Names, the appraised liquidation value, net of costs and expenses to be incurred in connection with any such liquidation, which value shall be determined from time to time by the most recent appraisal undertaken by an independent appraiser engaged by the Agent subject to Section 5.9.

Appraised Value” means, as to any Eligible Restaurant, the value thereof (as expressed in Dollars), determined by an Acceptable Appraiser on an As-Dark Basis. The Appraised Value of each Initial Eligible Restaurant that constitutes a Mortgaged Property is set forth on Schedule 1.3 hereto; provided that the Appraised Value of each Eligible Restaurant (including, without limitation, each Initial Eligible Restaurant) shall be as set forth in the most recent Appraisal Report relating to such Eligible Restaurant; provided, further, that, for the avoidance of doubt, from and after the Closing Date, as to any Eligible Restaurant or Mortgaged Property, the Appraised Value of such Eligible Restaurant or Mortgaged Property shall be as set forth in the Initial Appraisal Report until a subsequent Appraisal Report relating to such Eligible Restaurant or Mortgaged Property is delivered or produced pursuant to the provisions of Section 7.1 or the last sentence of Section 6.1, and from and after the delivery of such subsequent Appraisal Report, the Appraised Value of such Eligible Restaurant or Mortgaged Property shall be as set forth in such subsequent Appraisal Report.

Appraised Value” means the Net Cash Proceeds that reasonably would be anticipated to be received upon Disposition of the applicable hotel property at its appraised value as hereinafter determined. Within sixty (60) days of the date of the applicable exercise of remedies pursuant to the Security Agreement, the Company and the Collateral Agent shall attempt to agree on the Appraised Value. Failing such agreement, Appraised Value shall be determined in the following manner:

Appraised Value” means, with respect to any aircraft, railcar or locomotive, the current market value of such aircraft, railcar or locomotive as determined in a “desktop” appraisal. For the avoidance of doubt, such appraisal shall not be based on forward-looking assumptions about the market environment.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.