Common use of Valuation of Property Clause in Contracts

Valuation of Property. Should the purchase price specified in the Transfer Notice be payable in property other than cash or evidences of indebtedness, SangStat shall have the right to pay the purchase price in the form of cash equal in amount to the value of such property. If Xxxxxx and SangStat cannot agree on such cash value within ten (10) days after SangStat's receipt of the Transfer Notice, the valuation shall be made by an appraiser of recognized standing selected by Xxxxxx and SangStat or, if they cannot agree on an appraiser within twenty (20) days after SangStat's receipt of the Transfer Notice, each shall select an appraiser of recognized standing and the two appraisers shall designate a third appraiser of recognized standing, whose appraisal shall be determinative of such value. The cost of such appraisal shall be shared equally by Xxxxxx and SangStat. If the time for the closing of SangStat's purchase but for the determination of the value of the purchase price offered by the prospective transferee(s), then such closing shall held on or prior to the fifth business day after such valuation shall have been made pursuant to this subsection.

Valuation of Property. Should the purchase price specified in the Transfer Notice notice be payable in property other than cash or evidences of indebtedness, SangStat the Investors shall have the right to pay the purchase price in the form of cash equal in amount to the value of such property. If Xxxxxx the Investors and SangStat the Company cannot agree on such cash value within ten fifteen (1015) days after SangStat's the receipt of the Transfer Noticenotice, the valuation shall be made by an appraiser of recognized standing selected by Xxxxxx the Investors and SangStat the Company or, if they cannot agree on an appraiser within twenty (20) days after SangStat's the receipt of the Transfer Noticenotice, each shall select an appraiser of recognized standing and the two appraisers shall designate a third appraiser of recognized standing, whose appraisal shall be determinative of such value. The cost of such appraisal shall be shared equally by Xxxxxx the Investors and SangStatthe Company. Either Investor may elect, either before or after an appraisal has been completed, to withdraw its offer to purchase New Securities, in which event any costs associated with the selection and retention of appraiser(s) shall be borne by the Investors. If the time for the closing of SangStat's the purchase has expired but for the determination of the value of the purchase price offered by the prospective transferee(s)price, then such closing shall be held on or prior to the fifth business day after such valuation shall have been made pursuant to this subsection.

Valuation of Property. Should the purchase price specified in --------------------- the Transfer Notice be payable in property other than cash or evidences of indebtedness, SangStat the Company shall have the right to pay the purchase price in the form of cash equal in amount to the value of such property. If Xxxxxx Subscriber and SangStat the Company cannot agree on such cash value within ten (10) days after SangStatthe Company's receipt of the Transfer Notice, the valuation shall be made by an appraiser of recognized standing selected by Xxxxxx the Subscriber and SangStat the Company or, if they cannot agree on an appraiser within twenty (20) days after SangStatthe Company's receipt of the Transfer Notice, each shall select an appraiser of recognized standing and the two appraisers shall designate a third appraiser of recognized standing, whose appraisal shall be determinative of such value. The cost of such appraisal appr xxxxx shall be shared equally by Xxxxxx Subscriber and SangStatthe Company, with the half of the cost borne by the Company and Subscriber. If the time for the closing of SangStatthe Company's purchase has expired but for the determination of the value of the purchase price offered by the prospective transferee(s), then such closing shall be held on or prior to the fifth business day after such valuation shall have been made pursuant to this subsection.

Valuation of Property. Should the purchase price specified in the Transfer Notice notice be payable in property other than cash or evidences of indebtedness, SangStat the Investor shall have the right to pay the purchase price in the form of cash equal in amount to the value of such property. If Xxxxxx the Investor and SangStat the Company cannot agree on such cash value within ten fifteen (1015) days after SangStat's the receipt of the Transfer Noticenotice, the valuation shall be made by an appraiser of recognized standing selected by Xxxxxx the Investor and SangStat the Company or, if they cannot agree on an appraiser within twenty (20) days after SangStat's the receipt of the Transfer Noticenotice, each shall select an appraiser of recognized standing and the two appraisers shall designate a third appraiser of recognized standing, whose appraisal shall be determinative of such value. The cost of such appraisal shall be shared equally by Xxxxxx the Investor and SangStatthe Company. The Investor may elect, either before or after an appraisal has been completed, to withdraw its offer to purchase New Securities, in which event any costs associated with the selection and retention of appraiser(s) shall be borne by Investor. If the time for the closing of SangStat's the purchase has expired but for the determination of the value of the purchase price offered by the prospective transferee(s)price, then such closing shall be held on or prior to the fifth business day after such valuation shall have been made pursuant to this subsection.