Selection of Independent Appraiser Sample Clauses

The Selection of Independent Appraiser clause establishes the process by which parties to an agreement choose a neutral third-party appraiser to assess the value of an asset or resolve a valuation dispute. Typically, this clause outlines criteria for the appraiser’s qualifications, the method of selection—such as mutual agreement or each party nominating candidates—and may address what happens if the parties cannot agree. Its core function is to ensure an unbiased and expert valuation, thereby preventing conflicts of interest and facilitating fair resolution of valuation disagreements.
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Selection of Independent Appraiser. Within fifteen (15) days of Seller’s receipt of a notice provided under Section 11.2, Seller and Buyer shall each propose an Independent Appraiser. If Seller and Buyer do not agree upon the appointment of an Independent Appraiser within such fifteen (15) day period, then at the end of such fifteen (15) day period, two proposed Independent Appraisers shall, within ten (10) days of each Party’s notice, select a third Independent Appraiser (who may be one of the Independent Appraisers originally designated by the Parties or another Independent Appraiser) to perform the valuation and provide notice thereof to Seller and Buyer. Such selection shall be final and binding on Seller and Buyer.
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Selection of Independent Appraiser. Within twenty (20) Business Days of Owner’s receipt of a notice provided under Section 12.2, Owner and User shall each propose an Independent Appraiser. If Owner and User do not agree upon the appointment of an Independent Appraiser within such twenty (20) Business Day period, then at the end of such twenty (20) Business Day period, two proposed Independent Appraisers shall, within five (5) Business Days of each Party’s notice, select a third Independent Appraiser (who may be one of the Independent Appraisers originally designated by the Parties or another Independent Appraiser) to perform the valuation and provide notice thereof to Owner and User. Such selection shall be final and binding on Owner and User.
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Selection of Independent Appraiser. Within twenty (20) Business Days of Owner’s receipt of a notice provided under Section 13.2, Owner and Host Customer shall mutually agree upon an Independent Appraiser. (a) The Independent Appraiser shall, within twenty (20) Business Days of appointment, make a preliminary determination of the Fair Market Value of the SEF (the “Preliminary Determination”). (b) Upon making such Preliminary Determination, the Independent Appraiser shall provide such Preliminary Determination to Owner and Host Customer, together with all supporting documentation that details the calculation of the Preliminary Determination. Owner and Host Customer shall have the right to object to the Preliminary Determination within twenty (20) Business Days of receiving such Preliminary Determination; provided that the objecting Party provides a written explanation documenting the reasons for its objection. Within ten (10) Business Days after the expiration of such twenty (20) Business Day period, the Independent Appraiser shall issue the Independent Appraiser’s final determination (the “Final Determination”) to Owner and Host Customer, which shall specifically address the objections received by the Independent Appraiser and whether such objections were taken into account in making the Final Determination.
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Selection of Independent Appraiser. Whenever the appraised value of ---------------------------------- Executive's obligations under Sections 3.1.3 and/or 3.2 must be determined pursuant to Section 3.3, Executive and CPC shall, within ten (10) business days following termination of Executive's employment, select an independent third party (either an experienced tax counsel or a nationally recognized accounting firm) to perform that appraisal. Should Executive and CPC be unable to mutually agree upon the selection of such third party, then the Compensation Committee of the Board shall designate a nationally recognized accounting firm to perform such appraisal, provided such firm has not previously served as CPC's independent auditors or provided prior tax advice to Executive on personal matters.
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Selection of Independent Appraiser. No more than ten (10) days following agreement to obtain an Independent Appraisal, the Parties shall agree upon the identity of an independent appraiser to determine the Fair Market Value of the System and System Assets (the “Independent Appraiser”). If the Parties are not able to mutually agree upon the identity of the Independent Appraiser, then the Parties shall each select an appraiser who has experience in the valuation of commercial solar PV systems. The appraisers selected by each Party shall confer and independently determine the identity of the Independent Appraiser.
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Selection of Independent Appraiser. Within twenty (20) Business Days of Seller’s receipt of a notice provided under subsection (b), Seller and Purchaser shall mutually agree upon an Independent Appraiser. If Seller and Purchaser do not agree upon the appointment of an Independent Appraiser within such twenty (20) Business Day period, then within five (5) Business Days after the end of such twenty (20) Business Day period, Seller and Purchaser shall notify each other in writing of their respective designation of a proposed Independent Appraiser. The two (2) proposed Independent Appraisers shall, within two (2) Business Days after the appointment of the second (2nd) Independent Appraiser, select a third (3rd) Independent Appraiser and such third (3rd) Independent Appraiser shall perform the duties of the Independent Appraiser as set forth herein. Such selection shall be final and binding on Seller and Purchaser. If no agreement is made as to the selection of an Independent Appraiser, either Party may apply for the judicial appointment of such Independent Appraiser. If either Party fails to select an Independent Appraiser within the time periods prescribed hereby, then the determination of the Purchase Price by the Independent Appraiser selected by the other Party shall be final, binding and conclusive on the Parties.
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Selection of Independent Appraiser. Within twenty (20) Business Days of Contractor’s receipt of Customer’s notice of intention to exercise Purchase Option, Contractor and Customer shall each propose an Independent Appraiser. If Contractor and Customer do not agree upon the appointment of an Independent Appraiser within such twenty (20) Business Day period, then at the end of such twenty (20) Business Day period, two proposed Independent Appraisers shall, within five (5) Business Days of each Party’s notice, select a third Independent Appraiser (who may be one of the Independent Appraisers originally designated by the Parties or another Independent Appraiser) to perform the valuation and provide notice thereof to Contractor and Customer. Such selection shall be final and binding on Contractor and Customer.
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Selection of Independent Appraiser. Within twenty (20) Business Days of Developer’s receipt of a notice provided under Section 12.2, Developer and Town shall each propose an Independent Appraiser. If Developer and Town do not agree upon the appointment of an Independent Appraiser within such twenty (20) Business Day period, then at the end of such twenty (20) Business Day period, two proposed Independent Appraisers shall, within five (5) Business Days of each Party’s notice, select a third Independent Appraiser (who may be one of the Independent Appraisers originally designated by the Parties or another Independent Appraiser) to perform the valuation and provide notice thereof to Developer and Town. Such selection shall be final and binding on Developer and Town.
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Related to Selection of Independent Appraiser

  • CERTIFICATION OF INDEPENDENT PRICE DETERMINATION By submission of this bid, the Bidder certifies, and in the case of a joint bid each party thereto certifies as to its own organization, that in connection with this procurement: A. The prices in this bid have been arrived at independently, without consultation, collusion, communication, or agreement for the purpose of restricting competition, as to any matter relating to such prices with any other bidder or with any competitor. B. Unless otherwise required by law, the prices which have been quoted in this bid have not been knowingly disclosed by the Bidder and will not knowingly be disclosed by the Bidder prior to opening, directly or indirectly to any other Bidder or to any competitor; and, C. No attempt has been made or shall be made by the Bidder to induce any other person or bidder to submit or not to submit a bid for the purpose of restricting competition.

  • Appointment of Independent Engineer The Nodal Agency shall appoint an agency/ company as Independent Engineer as per framework provided in the Guidelines for Encouraging Competition in Development of Transmission Projects for selection of Independent Engineer.

  • Independent Evaluation Buyer is experienced and knowledgeable in the oil and gas business. Buyer has been advised by and has relied solely on its own expertise and legal, tax, accounting, marketing, land, engineering, environmental and other professional counsel concerning this transaction, the Subject Property and value thereof.