Examples of Sale Value in a sentence
The Owner may, at its option upon 30 days’ written notice to the Charterer, purchase any or all of such Removable Parts at the end of the Charter Period for their then Fair Market Sale Value (as determined by mutual agreement of the Owner and the Charterer or, if they cannot so agree, by an Appraisal), other than (i) the lashing gear, (ii) any Parts owned or leased by the Charterer and (iii) any Parts that constitute proprietary equipment of the Charterer.
If the term of this Agreement is extended beyond such initial one (1) year term as provided in Section 3(a) hereof, the Forced Sale Value of the Interests shall be determined annually by an independent third-party appraiser selected by the Issuer.
The purchase price of such Severables shall be equal to the Fair Market Sale Value thereof, as of the date of purchase as determined by mutual agreement or, in the absence of such agreement, by the Appraisal Procedure.
All risk Marine and hull and machinery shall be provided with a limit equal to that normally carried by experienced and responsible companies engaged in offshore drilling, but shall not be less than the greater of (a) 110% of the Stipulated Loss Value of the Vessel; or (b) the Fair Market Sale Value of the Vessel.
For purposes of this Agreement and the Indenture, the Forced Sale Value of the Interests during the initial one (1) year term of this Agreement is deemed to be $_______________.