Estimated Fair Market Value means the last agreed upon Fair Market Value plus, if it has been more than twelve (12) months since the last Fair Market Value determination, 10% per annum.
Estimated Fair Market Value means the estimated fair market value of the Units as of a particular date, as determined by CS Capital Advisors, LLC or another independent valuation firm selected by the Manager and mutually acceptable to the Qualifying Members, which the Manager shall request such independent valuation firm to provide by the date of issuance of additional Units in the event that the FMV Participating Members (as defined in Exhibit D) cannot agree to the actual Fair Market Value, as provided in Exhibit D, by such date of issuance, provided however, that if the Manager determines that it is not reasonably practicable to retain CS Capital Advisors, LLC or another independent valuation firm timely, then “Estimated Fair Market Value” shall mean the last agreed upon Fair Market Value plus, if it has been more than twelve (12) months since the last Fair Market Value determination, 10% per annum.
Estimated Fair Market Value means the estimated fair market value of the Units as of a particular date, as determined by CS Capital Advisors, LLC or another independent valuation firm selected by the Manager and mutually acceptable to the Qualifying Members, which the Manager shall request such independent valuation firm to provide by the date of issuance of additional Units in the event that the Members cannot agree to the actual Fair Market Value, as provided in Exhibit D, by such date of issuance, provided however, that if the Manager determines that it is not reasonably practicable to retain CS Capital Advisors, LLC or another independent valuation firm timely, then “Estimated Fair Market Value” shall mean the last agreed upon Fair Market Value plus, if it has been more than twelve (12) months since the last Fair Market Value determination, 10% per annum.
Examples of Estimated Fair Market Value in a sentence
Property taxes are levied on the Total Assessed Value, not the Total Estimated Fair Market Value .
The Total Estimated Fair Market Value is calculated by dividing the Total Assessed Value by the Average Assessment Ratio .
If at any time new Units are to be issued to a Member making additional Capital Contributions to the Company pursuant to Section 3.03 or Section 3.04 and the Fair Market Value of the Units has not been agreed to by the Members as provided in Exhibit D, then the number of Units to be issued to such Member shall be determined based upon the Estimated Fair Market Value as of the date of issuance of the Units.
Property taxes are levied on the Total Assessed Value, not the Total Estimated Fair Market Value.
Estimate of Matching Funds Was the Estimated Fair Market Value based on an appraisal?□ Yes □ NoIf yes, attach a copy and indicate the appraisal type:□ Full Appraisal□ Summary Appraisal□ Opinion of value or an Appraisal Consulting Assignment (subject to USPAP regulations for the development and reporting of real property appraisal consulting) Note: Appraisals are not required for determining the estimated value or easement purchase price.
More Definitions of Estimated Fair Market Value
Estimated Fair Market Value means (A) with respect to equipment, furniture and improvements, 50% of net book value as of December 31, 1998 and (B) with respect to all other noncurrent Assets, 100% of net book value as of December 31, 1998.
(ii) (x) If the Adjusted Net Asset Value is greater than or equal to $400,000, the Escrow Agent shall disburse to Seller the entire Escrow Fund.
Estimated Fair Market Value means an amount equal to <<Residual Percentage>> of the Total Cost of the Vehicles.
Estimated Fair Market Value for any Property means, as of the date of any calculation of Alternative Value with respect to such Property, the most recent estimated “as-is” fair market value for such Property as determined by Altus Group or other third party valuation firm engaged by the Borrower or applicable member of the Consolidated Group, but only if a full appraisal report is performed by Altus Group or such other third party valuation firm not less than once in any calendar year. For the avoidance of doubt, Estimated Fair Market Value may be updated periodically in between the “as of” dates of any full appraisal report provided by Altus Group or such other third party valuation firm to reflect changes in market conditions and/or leasing activity since the date the last full appraisal was performed.
Estimated Fair Market Value as used in paragraph 3. and 4. above shall mean the value of the land to a person or entity with a real property interest adjoining the land the subject of the option and determined as follows. Lessor and Lessee may, by written agreement, agree upon the estimated fair market value of the land provided that if Lessor and Lessee are unwilling or unable to make such an estimate within thirty (30) days after Lessee exercises an option provided for in 3. and/or 4. above, then Lessor and Lessee, within fifteen (15) days after the expiration of such thirty (30) day period, shall each select an appraiser. If either Lessor or Lessee fails to select an appraiser within said period, the appraiser selected (by the party that did not fail to select an appraiser) shall select a second appraiser and the Estimated Fair Market Value shall be the average of the two (2) appraisals. If both Lessor and Lessee do each select an appraiser, the two (2) appraisers shall within thirty (30) days thereafter submit their written appraisals to Lessor and Lessee and if the two (2) appraisers agree on a value of the land within five percent (5%), such average of the two (2) values shall be the Estimated Fair Market Value. If the two (2) appraisers cannot agree, then they will choose a third appraiser by mutual agreement. When three (3) appraisers are utilized, the Estimated Fair Market Value of the land shall be determined by: first, if the highest appraisal exceeds the middle appraisal by more than five percent (5%) and/or if the lowest appraisal is less than the middle appraisal by more than five
Estimated Fair Market Value with respect to any (a) Acquisition Asset (other than an Approved Acquisition Asset), the “fair market value” of such Acquisition Asset as determined by the Borrowers’ Agent in its reasonable judgment and (b) Approved Acquisition Asset, the “fair market value” of such Approved Acquisition Asset as reflected in the most recent Business Valuation of such Approved Acquisition Asset delivered to the Administrative Agent in May 2010 or obtained by the Administrative Agent pursuant to Section 7.16, or at the request of the Borrowers’ Agent (at the Borrowers’ sole expense).
Estimated Fair Market Value means the market value of the
Estimated Fair Market Value shall have the meaning specified in Section 5.15(a).