Extract to table

The Manager shall exercise the Call Option by delivering written notice thereof to the Non-Managing Member

4(c), which provides that if the appraisals of PCG's and MSH's respective appraisers diverge by more than 10%, a third independent appraiser shall be appointed to render a final determination

The Florida Supreme Court has long adhered to the principle that when the terms of a contract are clear and unambiguous, the contract must be enforced as written, and neither party may rely on extrinsic evidence to vary, modify, or supplement those terms

A fair market value appraisal is required to value the property in its actual condition as of the valuation date — not in a hypothetical condition that assumes disputed capital expenditures were made

4 in bad faith or with the intent to materially understate the Fair Market Value of the Non-Managing Member's Membership Interest, the Manager shall pay to the Non-Managing Member, in addition to the Fair Market Value determined in accordance with Section 12

the two appraisers shall jointly select a third independent MAI-certified appraiser, who shall conduct a third appraisal within sixty (60) days