Cost of Appraisals Sample Clauses

Cost of Appraisals. The Company on one hand and the Member(s) whose Shares are being purchased on the other hand shall each pay for the appraisal such party obtains pursuant to section 8.8.1. If a third appraiser is required, the parties shall share the cost equally.
AutoNDA by SimpleDocs
Cost of Appraisals. MAC will pay the fees, costs and expenses of its Qualified Appraiser, Tenant will pay the fees, costs and expenses of its Qualified Appraiser, and the parties will share equally the fees, costs and expenses of the third Qualified Appraiser, if any.
Cost of Appraisals. If a single appraiser or investment banking firm determines the Gross Company Value pursuant to Section 3(g)(ii) above, the cost of such appraiser or investment banking firm shall be paid one-half by the Optionor and one-half by the Purchasers (as among them, in proportion to the numbers of Option Shares they have elected to purchase). If two appraisers or investment banking firms determine the Gross Company Value, (A) the costs of the appraiser or investment banking firm selected by the Optionor shall be paid by the Optionor, and (B) the costs of the appraiser or investment banking firm selected by a Majority of the Purchasers shall be paid by the Purchasers (as among them, in proportion to the numbers of Option Shares they have elected to purchase). The costs of any third appraiser or investment banking firm shall be paid by the Purchasers (as among them, in proportion to the numbers of Option Shares they have elected to purchase) unless the Gross Company Value determined by such third appraiser or investment banking firm is closer to the value determined by the appraiser or investment banking firm selected by a Majority of the Purchasers than to the value determined by the appraiser or investment banking firm selected by the Optionor, in which case the costs of such third appraiser or investment banking firm shall be paid by the Optionor.

Related to Cost of Appraisals

  • Appraisals An appraisal of the related Mortgaged Property was conducted in connection with the origination of the Mortgage Loan, which appraisal is signed by an appraiser, who, to the Mortgage Loan Seller's knowledge, had no interest, direct or indirect, in the Mortgaged Property or the Borrower or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan; in connection with the origination of the Mortgage Loan, each appraiser has represented in such appraisal or in a supplemental letter that the appraisal satisfies the requirements of the "Uniform Standards of Professional Appraisal Practice" as adopted by the Appraisal Standards Board of the Appraisal Foundation.

Time is Money Join Law Insider Premium to draft better contracts faster.