Agenda - 02-03-2009 - 6b - Laserfiche WebLink

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100 comprising the LFG Collection System, it shall so notify the County in writing within thirty(30) days following any expiration or termination of this Agreement. If the County elects to purchase any such equipment, such purchase shall be on an "AS IS," "WHERE IS" AND "WITH ALL FAULTS"basis, but free of any and all liens, for the Fair Market Value (defined herein). If the University does not timely notify the County of an election to offer for sale to the County all or any portion of the LFG Collection System and the University fails to remove such equipment within one hundred eighty days(180)days after the expiration or termination of this Agreement,then any such equipment remaining on the County's property shall be deemed abandoned. If sod" thenthe County reiects a timely offer for sale b the Universi under this P graph of all or . .e ti• . e . -C!• I . . .. � 1 - • to _- 1i IV- UCs '. . ei _s'1 one hundred eighty days (180) days after the date of such election, then . 1 such equipment • in the event the County subsequently makes productive use of such equipment, or leases or sells such equipment, then the County shall pay the University the Fair Market Value of such equipment. [County changes acceptable to UNCJ 110. 11-1-.-Fair Market Value. In the event the University elects to offer for sale to the County all or any portion of the equipment comprising the LFG Collection System upon the • expiration or termination of this Agreement, the Parties will enter into good faith negotiations to determine the Fair Market Value of such equipment pursuant to this Paragraph 444-am a. The term "Fair Market Value" shall mean the value which would be obtained for the equipment comprising the LFG Collection System that is the subject of the University's offer for sale in an arm's length transaction (00022477.DOC)