Common use of Valuation Process Clause in Contracts

Valuation Process. The Leased Premises shall be valued by a qualified licensed appraiser hired by ▇▇▇▇▇▇. The Land Board may adopt a valuation process that does not require each lot to be individually valued or appraised each year or approximately every five (5) years; methods which annually value representative lots or annually apply an indexing value may be adopted.

Valuation Process. The Leased Premises shall be valued by a qualified licensed appraiser hired by ▇▇▇▇▇▇. The Land Board may adopt a valuation process that does not require each lot to be individually valued or appraised each year or approximately every five (5) yearsyear; methods which annually value representative lots or annually apply an indexing value may be adopted.