First and Second Appraiser Sample Clauses

First and Second Appraiser. City shall designate the first appraiser (the “First Appraiser”), who shall prepare an appraisal (“City’s Appraisal”) of the Fair Market Value within 30 days of such designation. City shall give Optionee written notice and a copy of City’s Appraisal. If Optionee does not agree with City’s Appraisal within 10 days of such notice, Optionee shall designate a second appraiser (the “Second Appraiser”), who shall prepare an appraisal (“Optionee’s Appraisal”) of the Fair Market Value within 30 days of such designation. Optionee shall give City written notice and a copy of Optionee’s Appraisal. If City does not agree with such Optionee’s Appraisal within 10 days of such notice, the provisions of Section 2.2.2.3 shall apply.
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