Common use of Appraisal Price Clause in Contracts

Appraisal Price. In the event that a) CLT receives the Intent to Sell Notice, or b) a Transfer Event occurs, CLT, at its own cost and at its sole discretion, may utilize a process set forth in its guidelines adopted by CLT and amended from time to time to determine the current appraised value of the Residential Unit or may commission an appraisal by a duly licensed appraiser knowledgeable of housing and land prices in Teton County, Wyoming. The appraisal shall be conducted by analysis and comparison of comparable properties, and shall be completed within thirty (30) days or as soon thereafter as is commercially reasonable. CLT shall deliver the appraisal to the Lessee. The Lessee may then commission a second appraisal, at its own cost, in like fashion, also using a duly licensed appraiser knowledgeable of housing and land prices in Teton County, Wyoming. The Appraisal Price is the value assigned by CLT’s appraisal, or, if a second appraisal is commissioned by the Lessee, the average of the two (2) appraisals.

Appraisal Price. In the event that a) CLT receives the Intent to Sell Notice, or b) a Transfer Event occurs, CLTCLT or Lessor, at its their own cost and at its their sole discretion, may utilize a process set forth in its guidelines adopted by CLT and amended from time to time to determine the current appraised value of the Residential Unit or may commission an appraisal by a duly licensed appraiser knowledgeable of housing and land prices in Teton County, Wyoming. The appraisal shall be conducted by analysis and comparison of comparable properties, and shall be completed within thirty (30) days or as soon thereafter as is commercially reasonable. CLT shall deliver the appraisal to the Lessee. The Lessee may then commission a second appraisal, at its own cost, in like fashion, also using a duly licensed appraiser knowledgeable of housing and land prices in Teton County, Wyoming. The Appraisal Price is the value assigned by CLT’s appraisal, or, if a second appraisal is commissioned by the Lessee, the average of the two (2) appraisals.

Appraisal Price. In the event that a) CLT receives the Intent to Sell Notice, or b) a Transfer Event occurs, CLTCLT or Lessor, at its theirits own cost and at its theirits sole discretion, may utilize a process set forth in its guidelines adopted by CLT and amended from time to time to determine the current appraised value of the Residential Unit or may commission an appraisal by a duly licensed appraiser knowledgeable of housing and land prices in Teton County, Wyoming. The appraisal shall be conducted by analysis and comparison of comparable properties, and shall be completed within thirty (30) days or as soon thereafter as is commercially reasonable. CLT shall deliver the appraisal to the Lessee. The Lessee may then commission a second appraisal, at its own cost, in like fashion, also using a duly licensed appraiser knowledgeable of housing and land prices in Teton County, Wyoming. The Appraisal Price is the value assigned by CLT’s appraisal, or, if a second appraisal is commissioned by the Lessee, the average of the two (2) appraisals.

Appraisal Price. In the event that a) CLT receives the Intent to Sell Notice, or b) a Transfer Event occurs, CLTCLT or Lessor, at its their own cost and at its their sole discretion, may utilize a process set forth in its guidelines adopted by CLT and amended from time to time to determine the current appraised value of the Residential Unit or may commission an appraisal by a duly licensed appraiser knowledgeable of housing and land prices in Teton County, Wyoming. The appraisal shall be conducted by analysis and comparison of comparable properties, and shall be completed complete d within thirty (30) days or as soon thereafter as is commercially reasonable. CLT shall deliver the appraisal to the Lessee. The Lessee may then commission a second appraisal, at its own cost, in like fashionf ashion, also using a duly licensed appraiser knowledgeable of housing and land prices in Teton County, Wyoming. The Appraisal Price is the value assigned by CLT’s appraisal, or, if a second appraisal is commissioned by the Lessee, the average of the two (2) appraisals.