Examples of Qualified Independent Appraiser in a sentence
If the two Qualified Independent Appraisers cannot agree on the Royalty Fair Market Value within 30 days after their selection, they must, within 30 days, mutually select a third Qualified Independent Appraiser.
In the event Utah and Eola cannot agree on a Qualified Independent Appraiser within such thirty (30) day period, then within forty (40) days of the date of the Exercise Notice Utah and Eola shall each select a Qualified Independent Appraiser.
If the amount of the higher of the two appraisals is greater than 110% of the amount determined by the lower appraisal, then a third Qualified Independent Appraiser designated by the first two Qualified Independent Appraisers shall be retained promptly by the parties (at their joint expense) and shall deliver its written appraisal within 30 days after the date of such retention.
Each such Qualified Independent Appraiser shall determine the fair market value within thirty (30) days of being selected.
In such event such parties shall, within seven days after the expiration of such 30-day period, each retain, at their own expense, a Qualified Independent Appraiser (as hereinafter defined) to determine Fair Value.