Examples of Initial Appraisers in a sentence
If the Moapa Paiutes and NPC cannot agree on the purchase price, the Initial Appraisers shall, within ten (10) business days of either the Moapa Paiutes or NPC giving notice they have not agreed on a purchase price, identify and agree upon a third professional, qualified, Nevada water-rights appraiser who is available to appraise the Water Rights (the “ Final Appraiser”).
The Additional Appraiser shall then choose from the values determined by the Initial Appraisers the value that the Additional Appraiser considers closest to the fair market value of the property to be distributed, and such value shall be the fair market value.
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As part of this process, all three Initial Appraisers performed “desk-top” appraisals without any physical inspection of the Aircraft.
He or she will provide that final decision to the Moapa Paiutes and NPC within thirty (30) business days of his or her selection by the Initial Appraisers.