“Appraised Value” means, as to any Property, as of any date of determination, the appraised “as is” value of the applicable Property based upon the Appraisal obtained by Servicer.
“Appraised Value” means, with respect to any Real Estate Asset on any date of determination, the "as is" market value of such Real Estate Asset as reflected in the most recent Appraisal of such Real Estate Asset.
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