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.
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.
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”).
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.
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.
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 one month of delivery of the Preliminary Interest Notice, then each of PacifiCorp and Seller shall select and retain, at its 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.
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 PacifiCorp fails to deliver such Preliminary Interest Notice by such date, PacifiCorp's Purchase Option shall terminate.
PacifiCorp shall indicate its preliminary interest with respect to the option, if at all, by delivering to Seller a preliminary notice of its interest no less than two years prior to the last day of the Term (the "Preliminary Interest Notice").