Examples of Appraiser FMV in a sentence
If Optionor fails to timely designate the Second Appraiser, FMV shall be determined by the First Appraiser.
Appraiser FMV shall be the fair market value determined without regard to any discounts for minority interest, illiquidity or other discounts.
If the Appraiser FMV exceeds 110% of the Board FMV, the Appraiser FMV shall be the Purchase Price to be paid in connection with any exercise of a Purchase Right.
In the event that the appraiser disagrees with the Board FMV and the Appraiser FMV is not within the ranges described in the immediately preceding sentence, then the Appraiser FMV shall govern and the Company shall bear all costs, fees and expenses of the appraisal; provided that the Company shall have the right to rescind its exercise of the Call Right within ten (10) Business Days of delivery by the appraiser of written communication to the Company setting forth the Appraiser FMV.
If the Appraiser FMV does not exceed 110% of the Board FMV, the Board FMV shall be the Purchase Price to be paid in connection with any exercise of a Purchase Right.