Qualifications of Appraisers Clause Samples
The "Qualifications of Appraisers" clause defines the standards and criteria that individuals must meet to serve as appraisers in a given context, such as property valuation or dispute resolution. Typically, this clause requires appraisers to possess specific professional certifications, relevant experience, or membership in recognized industry organizations. By setting these requirements, the clause ensures that appraisals are conducted by competent and impartial professionals, thereby enhancing the reliability and credibility of the appraisal process and reducing the risk of biased or inaccurate valuations.
Qualifications of Appraisers. Each of the two appraisers selected by the parties, and the Final Appraiser, must (a) be a member of the Appraisal Institute (or any successor organization thereto) and/or a person employed by an accounting firm that, at the time of such appointment, is one of the five (5) largest public accounting firms in the United States and (b) have not less than five (5) years experience, and substantial expertise, in valuing hospitals and nursing centers and/or determining the fair market rental of hospitals and nursing centers.
Qualifications of Appraisers. Any appraiser selected by a Party pursuant to Section 6.03(b) shall be a competent, independent appraiser licensed in Kansas.
Qualifications of Appraisers. Each of the Offeror’s Appraiser, the Offeree’s Appraiser and the Third Appraiser must (A) have an MAI designation by the Appraisal Institute, and (B) have been actively engaged in the appraisal of operating businesses comparable to the Company for a period of not less than ten years, in the Memphis, TN area. If any appraiser designated to serve in accordance with this Section fails, refuses or becomes unable to act, a new appraiser meeting the foregoing requirements shall be appointed in his or her place by the Member who appointed the appraiser being replaced.
Qualifications of Appraisers. (a) Each appraiser to be appointed pursuant to the appraisal procedures of this Exhibit shall (i) be an investment banking firm of national or regional reputation, (ii) not have any bias or financial or personal interest in the LLC or any past or present relationship with the parties to this Agreement or any of their Affiliates, and (iii) have experience in valuing businesses or assets to be valued, as applicable, which, to the extent possible, are similar in character to the LLC (each a “Qualified Appraiser”).
(b) Any determination of fair market value shall be based upon the terms and conditions of this Agreement, and under no circumstances shall the Qualified Appraisers) appointed pursuant to this Exhibit add to, modify, disregard or change any of the provisions of this Agreement, and the jurisdiction and scope of such Qualified Appraisers shall be limited accordingly. Each party shall give prompt written notice to the other of the appointment of a Qualified Appraiser under this Exhibit, such notice to identify the Qualified Appraiser.
Qualifications of Appraisers. No appraiser shall be eligible for appointment pursuant to this Agreement unless such appraiser (a) is actively engaged in the business of appraising commercial real estate in the St. Louis, Missouri metropolitan area, or commercial vessels and barges used on the Mississippi River, as applicable, (b) has experience in appraising industrial properties in the St. Louis, Missouri metropolitan area or commercial vessels and barges used on the Mississippi River, as applicable, (c) is licensed by the State of Missouri, (d) is a member of the Appraisal Institute (or successor organization, or if no such organization exists, then from persons of similar professional qualifications) with the designation "MAI,"
Qualifications of Appraisers. Each of Landlord's Appraiser, Tenant's Appraiser and any Third Appraiser must (a) be a member of the American Institute of Real Estate Appraisers (or any successor organization thereto) and/or a person employed by an accounting firm that, at the time of such appointment, is one of the four (4) largest public accounting firms in the United States and (b) have not less than five (5) years experience, including substantial expertise, in valuing hospitals and nursing centers and/or determining the fair market rental value of hospitals and nursing centers.
Qualifications of Appraisers. 80 34.4 Binding Nature..................................................80 34.5 Costs...........................................................81
Qualifications of Appraisers. (a) The appraiser to be appointed pursuant to the appraisal procedures of this Exhibit shall (i) be an investment banking firm, business valuation or brokerage firm or a public accounting firm of national reputation, (ii) not have any bias or financial or personal interest in the LLC or any past or present relationship with any of the parties in interest or any of their Affiliates, and (iii) have experience in valuing businesses or assets to be valued, as applicable, which, to the extent possible, are similar in character to the LLC (a “Qualified Appraiser”).
(b) Any determination of fair market value shall be based upon the terms and conditions of this Agreement, and under no circumstances shall the Qualified Appraiser appointed pursuant to this Exhibit add to, modify, disregard or change any of the provisions of this Agreement, and the jurisdiction and scope of such Qualified Appraiser shall be limited accordingly. The LLC shall give prompt written notice to each other party in interest of the appointment of the Qualified Appraiser under this Exhibit, such notice to identify the Qualified Appraiser.
Qualifications of Appraisers. All appraisers selected hereunder shall not be affiliated with Molex or the Company and shall have at least 10 years of experience valuing businesses which are similar in nature to the Company.
Qualifications of Appraisers. All appraisers selected hereunder shall not be affiliated with any of the Members and shall have at least 10 years of experience valuing businesses which are similar in nature to the Company.