Previous Value definition
Previous Value refers to the higher of the appraised value of the Property in connection with the most recent mortgage on the Property, the most recent sales price, the most recent asking price, the assessed value or the most recent broker price opinion for the Property or last list price. Winning Bidder - The Winning Bidder is the person bidding on the Property who has been recognized by PEAC as the highest bid for that Property under auction guidelines. The Winning Bidder must immediately complete the Purchase Contract and return to PEAC within 4 hours after being notified by PEAC of the acceptance of his offer.
Examples of Previous Value in a sentence
BIDDER’S INITIALS 5 PEAC TERMS & CONDITIONS Previous Value - “Previous Value” refers to the higher of the appraised value of the Property in connection with the most recent mortgage on the Property, the most recent sales price, the most recent asking price, the assessed value or the most recent broker price opinion for the Property.
Previous Value of Awarded Work – The dollar value of Task Orders awarded to the Consultant during the term of the Master Contract as compared to the value of task orders assigned to other consultants.