Examples of Third Party Appraiser in a sentence
All fees, costs and expenses relating to the foregoing work by any Third Party Appraiser shall be shared equally by the Beneficiary and the Grantor.
If the Parties are unable to resolve any disagreement within ten (10) Business Days after the Ceding Company delivers written notice of any such disagreement to the Reinsurer, the Parties shall jointly request a Third Party Appraiser to determine the Statutory Book Value or Fair Market Value, as applicable, of the disputed Eligible Asset or whether the disputed asset is an Eligible Asset as of the relevant date.
Upon resolution of such dispute, the parties shall forward to the Trustee a copy of the corrected Quarterly Certification setting forth the Required Amount as resolved through such Third Party Appraiser or arbitration.
If the parties are unable to resolve such dispute within ten (10) Business Days of the Beneficiary’s transmittal to the Grantor of its notice of objection, and the dispute relates to the valuation of an Asset, the value of such Asset shall be determined by a Third Party Appraiser and the parties shall be bound by such valuation.
The term "Third Party Appraiser" shall mean a nationally recognized independent appraisal firm which is mutually acceptable to the Grantor and the Beneficiary or, if the Grantor and the Beneficiary are unable to agree on such an appraisal firm, an independent appraisal firm selected by mutual agreement of the Grantor's and the Beneficiary's independent accountants.