Equalization of Values Sample Clauses

Equalization of Values. To the maximum extent possible, the parties agree to modify the exchange proposal by excluding Federal or non-Federal lands and/or interests in lands to equal values towards completion of an acceptable land exchange. Both parties agree not to take any action that would diminish or negate either the market or the resource values of the lands and/or interests in lands, except as agreed to by both parties 60 days in advance of any such action being taken.
Sample 1
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Equalization of Values. To assure that this exchange is completed with current market values and that the values of the lands to be exchanged are equal, a final appraisal would be completed by or with the oversight of the Department of the Interior (DOI), Appraisal Services Directorate near the end of the exchange process. The Federal and non-Federal parcels will be appraised similarly, as individual parcels. Based on prior valuations, it is anticipated that the value of the non-Federal land will exceed the value of the Federal land. Given the small amount of acreage involved in the exchange, it would be difficult to eliminate much acreage and still meet the objectives of the exchange. Therefore, if the difference in value is within 25 percent of the value of the Federal land to be exchanged, the values would be equalized through a cash payment to PVR by the U.S., and contingent upon the availability of Federal funds for making an equalization payment. If the difference is greater than 25 percent of the value of the Federal lands being exchanged, the parties agree that non-Federal Parcels 4 and 3 would be considered for elimination, in that order. The parties recognize that it is the intent of the BLM to purchase any non-Federal lands that are eliminated from the exchange. The purchase of any remaining lands would be a separate transaction and contingent upon the availability of Federal funding for land acquisition. The exchange is not contingent upon the BLM’s ability to purchase any non-Federal lands eliminated from the exchange.
Sample 1

Related to Equalization of Values

  • LIMITATION OF VALUE Occupant agrees that in no event shall the total value of all property stored be deemed to exceed $5000.00 unless Owner has given permission in writing for Occupant to store property exceeding that value. Occupant agrees that the maximum value for any claim or suit by Occupant, including but not limited to any suit which alleges wrongful or improper foreclosure or sale of the contents of a storage unit is the total value referenced above. Nothing in this section shall be deemed to create any liability on the part of Owner to Occupant for any lost or damage to Occupant's property, regardless of cause.

  • Calculation of Vacation Pay Vacation pay shall be at the rate effective immediately prior to the vacation period. However, should any salary increase become effective during the employee's vacation period, he/she shall receive the benefit of such increase from the effective date.

  • Payment of VAT Where any taxable supply for VAT purposes is made under or in connection with this contract by one party to the other the payer shall, in addition to any payment required for that supply, pay such VAT as is chargeable in respect of it.

  • Computation of Vacation Pay Where an employee's vacation pay for the current year is to be computed as a percentage of his "total wages earned" in the previous year, such "total wages earned" shall include the amount of vacation pay the employee received in the previous year.

  • Superannuation Benefits (a) An employer may make an application to the Commission for relief from the obligation to make severance payments in circumstances where:

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  • Definition of Vacancy A vacancy shall be defined as a newly created position or a present position that is not filled. A position that is totally eliminated shall not be considered a vacancy.

  • Accrual of Vacation Leave a. Eligible employees hired or rehired and working on a full-time permanent basis shall earn vacation leave based on months of service at the following rates for each pay period: HOURS PER MONTHS SERVICE PAY PERIOD ACCRUED 0-24 3.08 25-96 4.62 97-180 5.54 181 and over 6.15

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