Equipment Appraiser definition

Equipment Appraiser means an appraiser as may be selected by the Collateral Agent.
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Equipment Appraiser shall have the meaning set forth in Section 9.
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Examples of Equipment Appraiser in a sentence

  • If Landlord and Tenant cannot agree on a single Equipment Appraiser, the following method shall be used to determine the fair market value of Tenant's Property.

  • Each party, within 15 days after request by any party, shall appoint one Equipment Appraiser to represent it and if the two appraisers so appointed are unable to agree between themselves upon the fair market value within 15 days after being appointed, they in turn shall appoint a third Equipment Appraiser.

  • If Landlord elects to purchase Tenant's Property and Landlord and Tenant cannot agree on the fair market value, such value shall be determined by a Person with at least five years experience in appraising similar property ("Equipment Appraiser").

  • If a third Equipment Appraiser is required but the original two appraisers fail to agree upon a third appraiser, the two appraisers shall each propose a list of three Equipment Appraisers and send such list to the other appraiser.

  • If either Landlord or Tenant fails to appoint an Equipment Appraiser, the duly appointed Equipment Appraiser shall determine the fair market value.

  • To help you understand the various terms used in this process, below are the definitions a Certified Machinery and Equipment Appraiser would follow.

  • If, after striking such names, only one unstricken name appears on the list(s), such unstricken appraiser shall be the additional Equipment Appraiser.