Determination of Contract Price. The Members hereby agree that the initial Contract Price for an Interest as referred to in this Agreement shall be determined by appraisal. Such appraisal shall take into account the full value of all property purchased by the Company and shall divide the appraised value by the Percentage Interest of each Member. The Members shall jointly select an appraiser. Alternatively, if the Members are unable to agree upon an appraiser, each Member shall select an appraiser who is both qualified to appraise the Company Property and knowledgeable regarding the real estate in the general vicinity in which the Company Property is located; the appraisers so selected shall then select a third party to perform the appraisal. This provision shall apply to all sections requiring the determination of a Contract Price.
