Examples of Preliminary Interest Notice in a sentence
Promptly following delivery of the Preliminary Interest Notice, the Parties shall mutually agree to the fair market value of the Facility.
If for any reason (other than failure by Seller to provide access hereunder to PacifiCorp's appraiser), one of the appraisals is not completed within ninety (90) days following delivery of the Preliminary Interest Notice, the results of the other completed appraisal shall be deemed the Fair Market Value of the Facility.
Within ninety (90) days following the determination of the Fair Market Value of the Facility pursuant to this Section 7.2, but in no event later than eighteen (18) months following delivery of a Preliminary Interest Notice, PacifiCorp shall notify Seller if PacifiCorp elects to exercise its option (an “Option Confirmation Notice”).
The appraisers shall act reasonably and in good faith to determine the fair market value of the Facility and the Parties shall use their best efforts to cause the appraisers to complete such determination no later than sixty (60) days following delivery of the Preliminary Interest Notice.
If PacifiCorp and Seller cannot mutually agree to a fair market value of the Facility within thirty (30) days of delivery of the Preliminary Interest Notice, then each of PacifiCorp and Seller shall select and retain, at each Party’s own cost and expense, a nationally recognized independent appraiser with experience and expertise in appraising wind power generation facilities to determine separately the value of the Facility.
If PacifiCorp and Seller cannot mutually agree to a fair market value of the Facility within thirty (30) days of delivery of the Preliminary Interest Notice, then each of PacifiCorp and Seller shall select and retain, at each Party’s own cost and expense, a nationally recognized independent appraiser with experience and expertise in appraising solar generation facilities to determine separately the value of the Facility.
The Original Lease, as amended by the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment and the Sixth Amendment, is referred to in this Agreement as the “Lease.” Seller delivered the “Proposed Sale Notice” (as defined in the Third Amendment) to Purchaser on November 21, 2018, and Tenant delivered its Preliminary Interest Notice (as defined in the Third Amendment) on December 5, 2018.
Promptly following delivery of the Preliminary Interest Notice, Buyer and Seller shall mutually agree to the fair market value of the Facility, taking into account any PTC or ITC.
If AGAR fails to give a Preliminary Interest Notice to Advisor within such period, AGAR will be deemed to have rejected the particular Investment Proposal, and Advisor will notify the third party Seller and terminate the letter of intent.
If Seller receives the Preliminary Interest Notice or the Election Notice (as such terms are defined in the GAP Third Amendment) in response to such Proposed Sale Notice from GAP, Seller shall immediately notify and provide Purchaser with copies of each such notice when received by Seller.