Approved Appraiser

Example Definitions of "Approved Appraiser"
Approved Appraiser. Means a Qualified Appraiser selected by the Fund (the "Proposed Appraiser") and approved by the Operating Partnership, which approval shall not be unreasonably withheld, conditioned or delayed. If, within five (5) business days of receiving written notice of a Proposed Appraiser from the Fund, the Operating Partnership has not responded to such notice with specific concerns about the Proposed Appraiser, the Proposed 2 Appraiser shall be deemed an Approved Appraiser. For purposes of... the exercise of an Option in connection with the liquidation or dissolution of the Fund, a Qualified Appraiser who prepared the last appraisal shall be deemed an Approved Appraiser. View More
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