Full Market definition
Examples of Full Market in a sentence
This determination shall be binding on Lessee and County, and the Parties will have no right to dispute that Full Market Rent amount.
In the event the Company fails to make any payment or issue any stock owed pursuant to this Section 5, even if such failure was because of a good faith belief that such amount were not due or payable, then commencing on the fifth (5th) day after such payment or stock issuance was due (the “Default Date”) interest shall accrue in cash at the rate of 24% per annum on such payment or the Full Market Value of such stock from the Default Date until such payment is made or stock is issued.
If Lessee does not agree with the adjusted Full Market Rent amount established by County, Lessee may hire its own appraiser to perform a Full Market Rent appraisal.
Full Market Valuation (FMV) $850 - $1,000* Where a FMV is required according to criteria and the value is below $1m.
The Aviation Department shall provide Lessee written notice of the adjusted Full Market Rent amount based on County's appraisal(s), which notice shall include copies of the appraisal(s) and the review appraisal, if any.
Each appraisal of Full Market Rent must contain determinations of Land MR, Pavement MR, and Improvements MR pursuant to Section 4.4, and shall comply with the requirements of this Article 4.
If the appraiser(s) selected by County and the appraiser selected by Lessee fail for any reason whatsoever to select a Dispute Resolution Appraiser within fifteen (15) Days after the Real Property Section provides notice of its failure to resolve the appraisal differences, then Lessee will thereafter have no further rights to dispute the Full Market Rent amount (including all components thereof) as set forth in the Aviation Department's notification of the adjusted Full Market Rent.
If Lessee fails for any reason whatsoever to obtain an appraisal that satisfies the requirements of this section and provide it to the Port Department within the aforesaid sixty (60) day period, Lessee shall have no further right to dispute the adjusted Full Market Rent amount (and all components thereof) as set forth in the Port Department’s notification of the adjusted Full Market Rent.
During the term of this PILOT Agreement, the Base Valuation shall be frozen at $262,100.00 Full Market Value (as equalized), or such assessment assigned to the land by the applicable assessor as of March 1, 2023.
Full Market Rent will be determined based on the Full Market Rent of the entire Premises, considering the current use at the time of the appraisal and considering the existing rent rates for comparable properties within comparable Florida ports with comparable uses, taking into consideration the restrictions of this Agreement.