Initial Appraised Value. The parties agree that the appraised value of the Home and Leased Land at the time of Homeowner’s purchase (the Initial Appraised Value) is $126,000, as documented by the appraiser’s report attached to this Lease as Exhibit INITIAL APPRAISAL.
Initial Appraised Value. On the Utilisation Date, each of the Aircraft is enrolled on a tip to tail manufacturer program which shall cover, for the avoidance of doubt, the airframe, Engines, in accordance with the Maintenance Program applicable at that time.
Initial Appraised Value. The parties agree that the appraised value of the Improvements at the time of Lessee’s purchase (the Initial Appraised Value) is $ , as documented by the appraiser’s report attached to this Lease as Exhibit INITIAL APPRAISAL,
Initial Appraised Value. The parties agree that the appraised value of the Improvements at the time of Xxxxxx’s purchase (the Initial Appraised Value) is $ , as documented by the appraiser’s report attached to this Lease as EXHIBIT J – Initial Appraisal.
Initial Appraised Value. Upon and in connection with the close of escrow of the initial purchase of the Home by Owner, the Owner shall obtain an appraisal to determine the appraised market value of the Home at the time of the initial purchase (the "Initial Appraised Value"). The Initial Appraised Value shall be determined by a third party appraiser who regularly appraises residential real estate in Contra Costa County for institutional lenders. The Initial Appraised Value shall be inserted in the space on page 1 of this Resale Restriction and shall be used to determine the Excess Sales Proceeds and Proportionate Share of any Appreciation as set forth in this Resale Restriction. Nothing in this Section shall preclude the Owner and the County from establishing an Initial Appraised Value of the Home by mutual agreement in lieu of an appraisal pursuant to this Section.
