Appraisal Procedures. In the event the Council and the indemnitee fail to agree on the amount of partial loss, or damage to, or any re- duction in the fair market value as a result thereof, to the indemnified item(s), each shall select a competent appraiser(s) with evidence to be pro- vided to show that the indemnitee’s se- lection is satisfactory to the owner. The appraiser(s) selected by the Coun- cil and the indemnitee shall then select a competent and disinterested arbi- trator.
Appears in 4 contracts
Samples: Indemnity Agreement, Indemnity Agreement, Indemnity Agreement
