Designation of Appraisers. In the event that it becomes necessary to determine the Fair Market Value of the Leased Property for any purpose of this Lease, the party required or permitted to give notice of such required determination shall include in the notice the name of a Person selected to act as appraiser on its behalf. Within ten (10) days after receipt of any such notice, the Lessor (or the Lessee, as the case may be) shall by notice to the Lessee (or the Lessor, as the case may be) appoint a second Person as appraiser on its behalf.
Appears in 13 contracts
Samples: Facility Lease Agreement (Carematrix Corp), Facility Lease Agreement (Alternative Living Services Inc), Facility Lease Agreement (Alterra Healthcare Corp)
Designation of Appraisers. In the event that it becomes necessary to determine the Fair Market Value of the Leased Property for any purpose of this Lease, the party required or permitted to give notice of such required determination shall include in the notice the name of a Person selected to act as appraiser on its behalf. Within ten (10) days after receipt of any such notice, the Lessor (or the Lessee, as the case may be) shall by notice to the Lessee (or the Lessor, as the case may be) appoint a second Person as appraiser on its behalf.
Appears in 2 contracts
Samples: Facility Lease (Iasis Healthcare Corp), Facility Lease Agreement (Balanced Care Corp)
Designation of Appraisers. In the event that it becomes necessary to determine the a Fair Market Value of all or a portion of the Leased Property for any purpose of this Lease, the party required or permitted to give notice of such required determination shall include in the a notice the name of a Person selected to act as appraiser on its behalf. Within ten (10) days after receipt of any such notice, the Lessor (or the Lessee, as the case may be) shall by notice to the Lessee (or the ( r Lessor, as the case may be) appoint a second Person as appraiser on its behalf.
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