Land Contributions. The value of land contribution will be fifty percent (50%) of its appraised value. The land value may be applied toward the Master ▇▇▇▇▇▇ when doing so is in compliance with the specific terms of the Master Agreement dated October 8, 2002 and any amendments thereto, and is practical and beneficial to balance the account, as mutually agreed by the parties on a case- by-case basis.
Appears in 2 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding