Appraisal Objection Clause Samples

An Appraisal Objection clause establishes the right of a party to formally dispute the results of an appraisal, typically in the context of valuing property, damages, or losses. This clause outlines the process by which a party can raise concerns about the fairness or accuracy of an appraisal, often requiring written notice within a specified timeframe and sometimes triggering a re-appraisal or review by a neutral third party. Its core practical function is to provide a structured mechanism for resolving disagreements over valuations, thereby ensuring fairness and reducing the likelihood of protracted disputes.
Appraisal Objection. Deliver to Seller a written objection accompanied by either a copy of the 214 Appraisal or written notice from lender that confirms the Appraised Value is less than the Purchase Price (Lender Verification).
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Appraisal Objection. Deliver to Seller a written objection accompanied by either a copy of the
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Related to Appraisal Objection

  • Appraisal Rights Notwithstanding anything in this Agreement to the contrary, shares (“Appraisal Shares”) of the Company Common Stock that are outstanding immediately prior to the Effective Time and that are held by any Person who is entitled to demand and properly demands appraisal of such Appraisal Shares pursuant to, and who complies in all respects with, Section 262 of the DGCL (“Section 262”) shall not be converted into the Merger Consideration as provided in Section 3.08(c), but instead, at the Effective Time, the Appraisal Shares shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of any such Appraisal Shares shall cease to have any rights with respect thereto, except the right to receive payment of the fair value of such Appraisal Shares in accordance with Section 262; provided that if any such holder shall fail to perfect or otherwise shall waive, withdraw or lose the right to appraisal under Section 262 with respect to such Appraisal Shares or a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262, then the right of such holder to receive the fair value of such holder’s Appraisal Shares shall cease and such Appraisal Shares shall be deemed to have been converted as of the Effective Time into, and to have become exchangeable solely for, the right to receive the Merger Consideration as provided in Section 3.08(c), less any applicable tax withholding. The Company shall give prompt written notice to Parent of any demands received by the Company for appraisal of any shares of the Company Common Stock, and Parent shall have the right to participate in, and direct all negotiations and Proceedings with respect to such demands. The Company shall not, without the prior written consent of Parent, make any payment with respect to, or settle or offer to settle, any such demands, or agree to do any of the foregoing. Prior to the Offer Closing Time, Parent shall not, except with the prior written consent of the Company, require the Company to make any payment with respect to any demands for appraisal or offer to settle or settle any such demands.