Common use of Property Appraisals Clause in Contracts

Property Appraisals. No Property shall be acquired at a purchase price to the Partnership (including any Acquisition Fees) in excess of its market value as determined by an appraisal prepared by a competent independent appraiser, which appraisals shall be maintained in the records of the Partnership for not less than five years after the date of acquisition and which shall be available for inspection and duplication by any Partner or his representative at his cost.

Property Appraisals. No Property shall be acquired at a purchase price Purchase Price to the Partnership (including any Acquisition Fees) in excess of its market value as determined by an appraisal prepared by a competent independent appraiser, which appraisals shall be maintained in the records of the Partnership for not less than five years after the date of acquisition and which shall be available for inspection and duplication by any Partner or his representative at his cost. Similar appraisals shall be made of each Property in each year.

Property Appraisals. No Property shall be acquired at a purchase price Purchase Price to the Partnership (including any Acquisition Fees) in excess of its market value as determined by an appraisal prepared by a competent independent appraiser, which appraisals shall be maintained in the records of the Partnership for not less than five years after the date of acquisition and which shall be available for inspection and duplication by any Partner or his representative at his cost.