FMV Report definition
Examples of FMV Report in a sentence
The appointment of such replacement for the Additional Appraiser (who, for the purposes of the remainder of this Section 8.1(c), shall also be known as the “Additional Appraiser”) and the determination of the Fair Market Value and the submission of an FMV Report to each of the Appraisal Option Parties by such appraiser shall occur as promptly as reasonably practicable.
Each Independent Appraiser shall determine the Fair Market Value and submit an FMV Report to each of the Appraisal Option Parties no later than one hundred twenty (120) days after the Appraisal Anniversary.
In the event that either of the Independent Appraisers fails to make a determination of the Fair Market Value and to submit an FMV Report no later than one hundred twenty (120) days after the Appraisal Anniversary, the determination of the Fair Market Value by the other of the Independent Appraisers shall be final and binding on the Appraisal Option Parties as the Fair Market Value for the purposes hereof.
The Additional Appraiser shall determine the Fair Market Value and submit an FMV Report no later than one hundred sixty (160) days after the Appraisal Anniversary.
The FMV Report will be delivered to the Investors and the Applicable Managers within [**] of the Company’s receipt thereof.
The Fair Market Value in the FMV Report will be the Fair Market Value for purposes of this Agreement.
The FMV Report will be delivered to the Company, Bayer and the Applicable Directors within [***] Business Days of it being completed.
The cost of such FMV Report and all fees and expenses of the Appraiser shall be paid in equal portions by the Affected Members.
Such right to provide a revised Bid is required to be exercised by Bayer by submitting a Revised FMV Bid to the Company within [**] of delivery of the FMV Report to Bayer (the “FMV Bid Period”).
The Valuation Firm will prepare and deliver to the Company a FMV Report within [**] of its engagement by the Company for such Third Party Valuation.