Common use of Determination of Fair Market Value and Indemnity Amount Clause in Contracts

Determination of Fair Market Value and Indemnity Amount. If the purchase price specified in the Initial Bid is less than the difference between the Outstanding Lease Amount and Residual Value Guaranty Amount under Facility 2, Lessor may, on or prior to the last day of the Secondary Marketing Period (if Lessee has not previously delivered to Lessor a Conforming Bid with a purchase price equal to or greater than the difference between the Outstanding Lease Amount and Residual Value Guaranty Amount under Facility 2), deliver to Lessee a written notice of Lessor's determination of the current Fair Market Value of the Facility 2 Property and the Indemnity Amount. To determine such amounts, Lessor shall obtain Appraisals of the Facility 2 Property which set forth:

Appears in 2 contracts

Samples: Participation Agreement (Novellus Systems Inc), Participation Agreement (Novellus Systems Inc)

AutoNDA by SimpleDocs

Determination of Fair Market Value and Indemnity Amount. If the purchase price specified in the Initial Bid is less than the difference between the Outstanding Lease Amount and Residual Value Guaranty Amount under Facility 21, Lessor may, on or prior to the last day of the Secondary Marketing Period (if Lessee has not previously delivered to Lessor a Conforming Bid with a purchase price equal to or greater than the difference between the Outstanding Lease Amount and Residual Value Guaranty Amount under Facility 21), deliver to Lessee a written notice of Lessor's determination of the current Fair Market Value of the Facility 2 1 Property and the Indemnity Amount. To determine such amounts, Lessor shall obtain Appraisals of the Facility 2 1 Property which set forth:

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

AutoNDA by SimpleDocs

Determination of Fair Market Value and Indemnity Amount. If the purchase price specified in the Initial Bid is less than the difference between the Outstanding Lease Amount and Residual Value Guaranty Amount under Facility 23, Lessor may, on or prior to the last day of the Secondary Marketing Period (if Lessee has not previously delivered to Lessor a Conforming Bid with a purchase price equal to or greater than the difference between the Outstanding Lease Amount and Residual Value Guaranty Amount under Facility 23), deliver to Lessee a written notice of Lessor's determination of the current Fair Market Value of the Facility 2 3 Property and the Indemnity Amount. To determine such amounts, Lessor shall obtain Appraisals of the Facility 2 3 Property which set forth:

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

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