Common use of Exceptional Circumstances Clause in Contracts

Exceptional Circumstances. The Recipient agrees that the Federal Government may require the use of another method to determine the fair market value of Project property withdrawn from service. In unusual circumstances, the Recipient may request that another reasonable method be used. including, but not limited to, accelerated depreciation, comparable sales, or established market values. In determining whether to approve such a request, the Federal Government may consider any action taken, omission made, or unfortunate occurrence suffered by the Recipient concerning Project property no longer used for appropriate purposes.

Exceptional Circumstances. The Recipient agrees that the Federal Government may require the use of another method to determine the fair market value of withdrawn Project property withdrawn from serviceproperty. In unusual circumstances, the Recipient may request that another reasonable valuation method be used. used including, but not limited to, accelerated depreciation, comparable sales, or established market values. In determining whether to approve such a request, the Federal Government may consider any action taken, omission made, or unfortunate occurrence suffered by the Recipient concerning pertaining to the preservation of Project property no longer used for appropriate purposes.

Exceptional Circumstances. The Recipient agrees that the Federal Government may require the use of another method to determine the fair market value of withdrawn Project property withdrawn from serviceproperty. In unusual circumstances, the Recipient may request that another reasonable method be used. including, but not limited to, accelerated depreciation, comparable sales, or established market values. In determining whether to approve such a request, the Federal Government may consider any action taken, omission made, or unfortunate occurrence suffered by the Recipient concerning pertaining to the preservation of Project property no longer used for appropriate purposes.