FAIR MARKET SALES VALUE Sample Clauses

FAIR MARKET SALES VALUE. For the purposes of this Lease, the "Fair Market Sales Value" of the Aircraft shall be the sales value which would be obtained in an arm's-length transaction between an informed and willing purchaser under no compulsion to purchase and an informed and willing seller under no compulsion to sell, based upon the condition and location of the Aircraft (assuming the Aircraft is in the condition in which it is required to be maintained and further assuming half-life condition), which value shall be determined by mutual written agreement or, in the absence of mutual written agreement, pursuant to an appraisal prepared and delivered by a nationally recognized firm of independent aircraft appraisers nominated by Lessor and approved by Lessee, and Lessor shall immediately notify Lessee in writing of such nomination. The appraiser shall determine the Fair Market Sales Value within seven Business Days, and its determination shall be final and binding upon the parties. The cost of such appraisal or appointment shall be borne by Lessee.
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FAIR MARKET SALES VALUE. For the purposes of this Lease, the "Fair Market Sales Value" of the Aircraft shall be the sales value which would be obtained in an arm's-length transaction between an informed and willing purchaser under no compulsion to purchase and an informed and willing seller under no compulsion to sell, based upon the condition of the Aircraft (assuming the Aircraft is in the condition in which it is required to be maintained and further assuming half-life condition), which value shall be determined by mutual written agreement or, in the absence of mutual written agreement within 30 days following Lessee's option exercise notice, pursuant to an appraisal prepared and delivered by a nationally recognized firm of independent aircraft appraisers nominated by Lessor and approved by Lessee, and Lessor shall immediately notify Lessee in writing of such nomination. The appraiser shall determine the Fair Market Sales Value within seven Business Days, and its determination shall be final and binding upon the parties. The cost of such appraisal or appointment shall be borne by Lessee.
FAIR MARKET SALES VALUE of the Equipment as of the expiration of the Basic Term shall mean the open market cash purchase price that an informed and willing person (other than a lessee-user in possession) would pay for the Equipment in an arms-length transaction with a willing informed owner under no compulsion to sell, assuming the Lessee has fully observed and performed its obligation hereunder.
FAIR MARKET SALES VALUE. For purposes of this Lease, the "Fair Market Sales Value" of a Unit shall be the sales value that would be obtained in an arm's length transaction between an informed and willing buyer under no compulsion to buy and an informed and willing seller under no compulsion to sell, based upon the actual condition and location of the Unit in question, which value shall be determined by an appraiser selected by Lessor and reasonably acceptable to Lessee.
FAIR MARKET SALES VALUE. The Lessee will be responsible for hiring brokers and making the Property available for inspection by prospective purchasers. Lessee shall promptly upon request permit inspection of the Property and any maintenance records relating to any Property by the Agent Certificate Holder, any Participant and any potential purchasers, and the Lessee shall otherwise do all things necessary to sell and deliver possession of the Properties to any purchaser. All such marketing of the Properties shall be at the Lessee's sole expense.

Related to FAIR MARKET SALES VALUE

  • Target Fair Market Value The Company agrees that the Target Business that it acquires must have a fair market value equal to at least 80% of the balance in the Trust Account at the time of signing the definitive agreement for the Business Combination with such Target Business (excluding taxes payable and the Deferred Underwriting Commissions). The fair market value of such business must be determined by the Board of Directors of the Company based upon standards generally accepted by the financial community, such as actual and potential sales, earnings, cash flow and book value. If the Board of Directors of the Company is not able to independently determine that the target business meets such fair market value requirement, the Company will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect to the satisfaction of such criteria. The Company is not required to obtain an opinion as to the fair market value if the Company’s Board of Directors independently determines that the Target Business does have sufficient fair market value.

  • Fair Market Value Fair Market Value of a share of Common Stock as of a particular date (the "Determination Date") shall mean:

  • Market Value Market value shall be determined by the Lending Agent, where applicable, based upon the valuation policies adopted by the Client’s Board of Directors/Trustees.

  • Rental Value Lessor shall also obtain and keep in force during the term of this Lease a policy or policies in the name of Lessor, with loss payable to Lessor and any Lender(s), insuring the loss of the full rental and other charges payable by all lessees of the Building to Lessor for one year (including all Real Property Taxes, insurance costs, all Common Area Operating Expenses and any scheduled rental increases). Said insurance may provide that in the event the Lease is terminated by reason of an insured loss, the period of indemnity for such coverage shall be extended beyond the date of the completion of repairs or replacement of the Premises, to provide for one full year's loss of rental revenues from the date of any such loss. Said insurance shall contain an agreed valuation provision in lieu of any co-insurance clause, and the amount of coverage shall be adjusted annually to reflect the projected rental income, Real Property Taxes, insurance premium costs and other expenses, if any, otherwise payable, for the next 12-month period. Common Area Operating Expenses shall include any deductible amount in the event of such loss.

  • Determination of Fair Market Value For purposes of this Section 10.2, “fair market value” of a share of Common Stock as of a particular date (the “Determination Date”) shall mean:

  • Fair Market Rent In the event that it becomes necessary to determine the Fair Market Rent of any Facility for any purpose of this Master Lease, and the parties cannot agree among themselves on such Fair Market Rent within twenty (20) days after the first request made by one of the parties to do so, then either party may notify the other of a person selected to act as appraiser (such person, and each other person selected as provided herein, an “Appraiser”) on its behalf. Within fifteen (15) days after receipt of any such Notice, the other party shall by notice to the first party appoint a second person as Appraiser on its behalf. The Appraisers thus appointed, each of whom must be a member of The Appraisal Institute/American Institute of Real Estate Appraisers (or any successor organization thereto, or, if no such organization exists, a similarly nationally recognized real estate appraisal organization) with at least ten (10) years of experience appraising properties similar to the Facilities, shall, within forty-five (45) days after the date of the notice appointing the first appraiser, proceed to appraise the applicable Facility to determine the Fair Market Rent thereof as of the relevant date; provided, that if one Appraiser shall have been so appointed, or if two Appraisers shall have been so appointed but only one such Appraiser shall have made such determination within fifty (50) days after the making of the initial appointment, then the determination of such Appraiser shall be final and binding upon the parties. If two (2) Appraisers shall have been appointed and shall have made their determinations within the respective requisite periods set forth above and if the difference between the amounts so determined shall not exceed ten percent (10%) of the lesser of such amounts, then the Fair Market Rent shall be an amount equal to fifty percent (50%) of the sum of the amounts so determined. If the difference between the amounts so determined shall exceed ten percent (10%) of the lesser of such amounts, either party may request the appointment of Experts pursuant to Article XXXIV.

  • Market Value Adjustment 16 3.07 Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Annual Evaluation The Partnership will be evaluated on an annual basis through the use of the Strategic Partnership Annual Evaluation Format as specified in Appendix C of OSHA Instruction CSP 00-00-000, OSHA Strategic Partnership Program for Worker Safety and Health. The Choate Team will be responsible for gathering required participant data to evaluate and track the overall results and success of the Partnership. This data will be shared with OSHA. OSHA will be responsible for writing and submitting the annual evaluation.

  • Market Adjustments 22. Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

  • Contract Sales Price The total consideration received by the Company for the sale of a Property.

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