Common use of Independent Appraiser Clause in Contracts

Independent Appraiser. A Person with no material current or prior business or personal relationship with the Advisor or the Directors and who is a qualified appraiser of Real Property of the type held by the Company or of other Assets as determined by the Board of Directors. Membership in a nationally recognized appraisal society such as the American Institute of Real Estate Appraisers or the Society of Real Estate Appraisers shall be conclusive evidence of such qualification as to Real Property.

Appears in 9 contracts

Samples: Form of Advisory Agreement (Cole Credit Property Trust II Inc), Form of Advisory Agreement (Cole Credit Property Trust II Inc), Advisory Agreement (Behringer Harvard Reit I Inc)

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