GFMV definition

GFMV shall have the meaning set forth in Section 10.7(A).
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Examples of GFMV in a sentence

  • The Qualified Appraiser shall not average the values or determine new values for the GFMV or Net Value for any Company Property and shall be strictly limited to choosing one or the other Member's designation of such values.

  • The determination of the GFMV of the Property by the appraisers so selected shall be in writing and in the event the two appraisals of the GFMV of the Property vary by less than ten percent (10%), the GFMV of the Property shall be the average of the two appraisals.

  • The following are the Generic Fair Market Value (GFMV) agreed to and used in the calculation of reimbursement rates for “special case” CORE.

  • If the GFMV of the Property as set forth in the two appraisals vary by more than ten percent (10%), a third appraisal shall be performed by an M.A.I. appraiser selected by the two appraisers described above possessing the qualifications described above ("Third Appraisal"), and the GFMV of the Property shall be the average of the Third Appraisal and whichever of the other two appraisals of GFMV is closest in value to the Third Appraisal.