First Appraiser definition
Examples of First Appraiser in a sentence
The cost of the First Appraiser shall be borne by the Objecting Party.
If the Second Appraiser is not timely designated, the determination of the Fair Market Value shall be made solely by the First Appraiser.
The First Appraiser, or each of the First Appraiser and the Second Appraiser if the Second Appraiser is timely designated, shall submit its determination of the Fair Market Value to the Parties within thirty (30) days of the date of its selection (or the selection of the Second Appraiser, as applicable).
Neither the Tenant nor the Landlord shall provide, and the First Appraiser and Second Appraiser shall be instructed not to provide, any information to the Third Appraiser as to the determinations of the First Appraiser and the Second Appraiser or otherwise influence such Third Appraiser’s determination in any way.
The Exercise Notice shall specify the name of the First Appraiser (as defined in Section 3.1(a)(ii)).