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