Fixed Asset Appraisal definition
Examples of Fixed Asset Appraisal in a sentence
Unless the Seller Representative delivers the Secondary Appraiser Retention Notice to Purchaser during the Third Review Period, the Sellers shall be deemed to have accepted the Initial Draft Fixed Asset Appraisal with such changes as set forth in the Purchaser’s Notice of Objection, and, subject to Section 3.6(g), the Initial Draft Fixed Asset Appraisal, as so changed, shall be final, conclusive and binding on all of the Parties.
If the Seller Representative delivers the Secondary Appraiser Retention Notice to Purchaser during the Third Review Period, the Seller Representative shall use commercially reasonable efforts to cause the Secondary Appraiser to deliver to Purchaser and the Seller Representative the Secondary Draft Fixed Asset Appraisal within seven (7) days following the date of the Secondary Appraiser Retention Notice.
Upon receipt of the Secondary Draft Fixed Asset Appraisal, if any, the Seller Representative and Purchaser shall use their commercially reasonable efforts to reach written agreement on any disputed items and amounts therein (including with respect to any previously disputed items and amounts set forth in the Initial Draft Fixed Asset Appraisal).
If the Seller Representative disagrees with the Initial Draft Fixed Asset Appraisal, the Seller Representative may, on or prior to the last day of the First Review Period, deliver a notice to Purchaser (the “Sellers’ Notice of Objection”) disagreeing with the Initial Draft Fixed Asset Appraisal and setting forth the Sellers’ calculations with respect to the amounts in disagreement.
On November 15, 2001, the Asset Based Lending Examination and Fixed Asset Appraisal shall have been commenced, the costs of which shall be paid by Borrower.
Unless Purchaser delivers the Purchaser’s Notice of Objection to the Seller Representative during the Second Review Period, Purchaser shall be deemed to have accepted the Initial Draft Fixed Asset Appraisal with such changes as set forth in the Sellers’ Notice of Objection, and, subject to Section 3.6(g), the Initial Draft Fixed Asset Appraisal, as so changed, shall be final, conclusive and binding on all of the Parties.
The Sellers’ Notice of Objection, if any, shall be in writing and shall specify in reasonable detail those particular items or amounts contained in the Initial Draft Fixed Asset Appraisal as to which the Seller Representative disagrees, together with a detailed written explanation of the reasons for the disagreement with each such item or amount, and shall set forth the Seller Representative’s calculation of such item or amount based on such objections.
Notwithstanding anything contained in this subsection 5.2(I) to the contrary, Borrower shall pay to Agent on the Closing Date, all costs and expenses incurred by Agent relating to the Fixed Asset Appraisal.
Unless the Seller Representative delivers the Sellers’ Notice of Objection to Purchaser during the First Review Period, the Sellers shall be deemed to have accepted the Initial Draft Fixed Asset Appraisal and, subject to Section 3.6(g), the Initial Draft Fixed Asset Appraisal shall be final, conclusive and binding on all of the Parties.