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leases or sells such equipment, then the County shall pay the University the Fair Market Value of <br />such equipment. <br />110. 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 />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 110. <br />a. The teen "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 arn's length transaction <br />between an inforned and willing buyer under lio compulsion to buy, and <br />an inforned and willing seller under no compulsion to sell, based upon the <br />use of the University's LFG Collection System as an ongoing enterprise in <br />its then current condition utilizing generally recognized professional <br />criteria for the appraisal of industrial property used in the landfill gas <br />business. <br />b. If the County and the University camiot 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) 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 />31 <br />