Appraisal Procedures. (a) Generally. Whenever Fair Market Rental or Fair Market Value is required to be determined under this Lease (unless otherwise provided herein), it shall be determined by the mutual agreement of the Lessor and the Lessee in accordance with the definitions of such terms in Schedule I hereto. If the Lessee and the Lessor cannot agree by the date 60 days prior to the date for exercise of the applicable option, such amount shall be determined by independent appraisal conducted by appraisers selected pursuant to Section 4.03(b) hereof. At any time prior to final determination of such amount pursuant to Section 4.03(b) hereof, the Lessee and the Lessor shall be entitled to submit to the appraisers (and shall submit to each other any bids submitted to the appraisers) any bids from unrelated third parties, and such bids shall be accorded the weight such appraisers deem appropriate. The Lessor and the Lessee shall each have an opportunity to comment on any such bids after receiving a copy thereof.
Appraisal Procedures. (a) In the event the Council and the indemnitee fail to agree on the amount of partial loss, or damage to, or any re- duction in the fair market value as a result thereof, to the indemnified item(s), each shall select a competent appraiser(s) with evidence to be pro- vided to show that the indemnitee’s se- lection is satisfactory to the owner. The appraiser(s) selected by the Coun- cil and the indemnitee shall then select a competent and disinterested arbi- trator.
Appraisal Procedures. If the Landlord and Tenant are unable to agree on any dollar amount required to be established under this Lease, such as a fair rental value for the minimum monthly rent (the “Value”), then either party, at its cost and by giving notice to the other party, may appoint an MAI real estate appraiser with at least five (5) years’ full-time commercial appraisal experience, to appraise the Premises and set the Value. If the other party, at its cost, does not appoint another appraiser having such qualifications within ten (10) days after the first party has given notice of the name of its appraiser, the single appraiser appointed shall be the sole appraiser and shall set the Value. If two (2) appraisers are appointed, they shall meet promptly and attempt to set the Value by mutual agreement. If they are unable to agree within thirty (30) days after the second appraiser has been appointed, they shall attempt to elect a third appraiser meeting the qualifications stated in this Paragraph within ten (10) days after the last day the two appraisers are given to set the Value. If they are unable to agree on the third appraiser, either of the parties, by giving ten (10) days’ notice to the other party, may apply, in its discretion, to the then President of the Coeur d’Alene Association of Realtors, or to the presiding judge of the District Court for Kootenai County, for the selection of a third appraiser meeting the qualifications stated in this Paragraph. Each of the parties shall bear one-half ( 1/2) of the cost of appointing the third appraiser and of paying the third appraiser’s fee. Within thirty (30) days after the selection of the third appraiser, a majority of the appraisers shall set the Value. If a majority of the appraisers is unable to set the Value by mutual agreement within the stipulated period of time, the average of the three (3) appraisals shall be the Value. If, however, the low appraisal and/or the high appraisal are/is more than ten percent (10%) lower and/or higher than the middle appraisal, the low appraisal and/or the high appraisal shall be disregarded. If only one appraisal is disregarded, the average of the remaining two (2) appraisals shall be the Value. If both the low appraisal and the high appraisal are disregarded as stated in this Paragraph, the middle appraisal shall be used to set the Value.
Appraisal Procedures. This Lease provides that a Renewal Term Fair Market Base Rent shall be determined by appraisal, and said appraisal shall be conducted in accordance with the following procedures:
Appraisal Procedures. If the Managing Member and the Advisory Board are unable to agree upon the Fair Market Value of any non-cash property of the Fund within thirty (30) days after the Managing Member receives written notice that the Advisory Board objects to the Managing Member s determination, or if the Managing Member determines at any time (whether before or after the expiration of such thirty (30) days) that the Managing Member and the Advisory Board are unlikely to reach agreement on the Fair Market Value, then such Fair Market Value shall be determined as follows:
Appraisal Procedures a. The Tribe agrees to conduct appraisal services herein identified, as required to support real estate transactions on trust or restricted property.
Appraisal Procedures. (1) To further the above purposes, the Administrative personnel responsible for appraisal recognize the right of the teacher to: Know how well he or she is performing the duties and responsibilities of his or her position. Know the areas in which improvement is needed as reasonably soon as deficiency is detected. Have candid appraisal of his or her work. Discuss his or her appraisal reports with his or her supervisor. Seek and receive reasonable supervisory assistance.
Appraisal Procedures. The fair market value for the General -------------------- Partner's Units being sold under Section 11.2(c), a Defaulting Limited Partner's --------------- Units being sold under Section 11.4 or the fair market value of the capacity ------------ purchased by Xxxxx XX or its Affiliates under Section 11.3(l) will be decided by --------------- a three-member panel of independent valuation experts. Each buying and selling Partner(s) will choose an investment bank of national standing within 15 days after the purchase election notice of the purchasing Partner(s) and the two sides will mutually agree within 15 days after the later of such appointments on a third independent investment bank of national standing to value such Units. The appraisers will be instructed to finalize their appraisal within 15 days after the appointment of the third appraiser. The appraisers will determine fair market value without any control premium. Each of the two investment banks chosen by the buying and selling Partners shall provide their appraisals to the mutually chosen investment bank, and the mutually chosen investment bank shall then choose the value that most closely equals the value determined by such investment bank set forth in one of the appraisals as the purchase price for the sale, which purchase price shall be binding upon the buying and selling Partners.
Appraisal Procedures. (a) Generally. Whenever Fair Market Rental or Fair Market Value is required to be determined under this Lease (unless otherwise provided herein), it shall be determined by the mutual agreement of the Lessor and the Lessee in accordance with the definitions of such terms in Schedule I hereto. The Lessor and the Lessee shall proceed to determine Fair Market Value or Fair Rental Value no later than 90 days prior to the date upon which the Lessee is required to give notice of its election under Section 4.02 hereof. If the Lessee and the Lessor cannot agree within twenty (20) days, such amount shall be determined by independent appraisal conducted by appraisers selected pursuant to Section 4.03(b) hereof.
Appraisal Procedures. If the Applicable Purchaser and BNPPLC do not otherwise agree upon the amount of the fair market value of the Subject Property as required to establish the price to be paid by BNPPLC for the Subject Property following BNPPLC's exercise of the Repurchase Option, the fair market value shall be determined in accordance with the following procedure:
