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110. Fair Market Value. In the event the University elects to offer for sale to the County <br /> all or any portion of the equipment comprising the LFG Collection System upon the expiration or <br /> termination of this Agreement,the Parties will enter into good faith negotiations to determine the <br /> Fair Market Value of such equipment pursuant to this Paragraph 110. <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 /> between an informed and willing buyer under no compulsion to buy,and an <br /> informed and willing seller under no compulsion to sell,based upon the use <br /> of the University's LFG Collection System as an ongoing enterprise in its <br /> then current condition utilizing generally recognized professional criteria <br /> for the appraisal of industrial property used in the landfill gas business. <br /> b. If the County and the University cannot agree on a Fair Market Value for <br /> the equipment comprising the LFG Collection System that is the subject of <br /> the University's offer for sale within thirty (30) Day:days. following the <br /> initiation of good faith negotiations, then such Fair Market Value shall be <br /> mutually determined in an appraisal by an independent, qualified, <br /> nationally recognized appraiser of industrial property similar to the <br /> University's LFG Collection System. <br /> ARTICLE VII <br /> PURCHASE AND SALE OF LFG <br /> A. The University's Purchase Obligations <br /> 31 <br /> {00018638.DOC 2424} <br />