Examples of Price Determination in a sentence
If Purchaser wishes to exercise the Purchase Option following the Price Determination, it shall deliver an exercise notice to Seller within ten (10) days of receipt of the Price Determination (the “Exercise Period”).
Except in the event of fraud or manifest error, the Price Determination shall be a final and binding determination of the fair market value.
Upon making the Price Determination, the Independent Appraiser shall provide a written notice thereof to both Seller and Purchaser, along with all supporting documentation detailing the method of calculation of the Purchase Price.
Each Price Determination by an Independent Appraiser shall be at Purchaser’s expense, provided that in the event Purchaser exercises the Purchase Option, the applicable Price Determination shall be at Seller’s expense.
If Purchaser does not exercise the Purchase Option during the Exercise Period, then the Price Determination shall be null and void, and Purchaser may not request a new determination of the Purchase Price until the next Purchase Option Date.