Common use of Determination of Appraised Value Clause in Contracts

Determination of Appraised Value. For purposes of this Article VII, the appraised value ("Appraised Value") of the assets of the Company shall be determined as follows: The Appraised Value shall be determined by one (1) or more independent qualified M.A.I. appraisers with at least five (5) years' experience appraising industrial real estate projects. The Non-Defaulting Member shall select one (1) appraiser and shall include such selection in the Default Notice. Within fifteen (15) Business Days following the effective date of the Default Notice, the Defaulting Member shall either agree to the

Determination of Appraised Value. For purposes of this Article VII7, the appraised value ("“Appraised Value"”) of the assets of the Company shall be determined as follows: The Appraised Value shall be determined by one (1) or more independent qualified M.A.I. appraisers with at least five (5) years' experience appraising industrial real estate projectsQualified Appraisers. The Non-Defaulting Member shall select one (1) appraiser Qualified Appraiser and shall include such selection in the Default Notice. Within fifteen (15) Business Days days following the effective date Effective Date of the Default Notice, the Defaulting Member shall either agree to thethe Qualified Appraiser selected by