CALCULATION OF CONTRIBUTION CONSIDERATION Sample Clauses
The 'Calculation of Contribution Consideration' clause defines how the value or amount to be contributed by a party—such as cash, assets, or other property—is determined in a transaction. It typically outlines the methodology, timing, and any adjustments or valuation mechanisms used to arrive at the final contribution amount, for example, referencing fair market value, independent appraisals, or agreed formulas. This clause ensures transparency and fairness in the contribution process, minimizing disputes by clearly specifying how contributions are calculated and agreed upon.
CALCULATION OF CONTRIBUTION CONSIDERATION. As soon as practicable following the determination of the Offering Price and prior to the Closing, all calculations relating to the Contribution Consideration shall be performed in good faith by, or under the direction of, the REIT and the Operating Partnership, and the parties hereby agree that, absent manifest error, such calculations shall be final and binding upon the Contributor and each Nominee.
CALCULATION OF CONTRIBUTION CONSIDERATION. As soon as practicable following the determination of the IPO Price and prior to the Closing, all calculations relating to the Contribution Consideration shall be performed in good faith by, or under the direction of, Provident and the parties hereby agree that, absent manifest error, such calculations shall be final and binding upon each Contributor.
CALCULATION OF CONTRIBUTION CONSIDERATION. The purchase price for each Option Project (the "OP PURCHASE PRICE") shall be as follows: Acquiror and Contributor shall calculate the OP Purchase Price as of the expiration of the applicable Option Response Period (the "DETERMINATION DATE") and such calculation shall be the quotient of (1) the net operating income ("NOI") of that Option Project as of the applicable Determination Date, divided by (2) .107. Acquiror and Contributor acknowledge and agree that, on a semi-annual basis from and after the Closing Date and continuing to the second anniversary of the Closing Date, they shall determine the OP Purchase Price applicable to each Option Project with respect to which a Purchase Option remains outstanding, which calculation shall be made on an informational basis so as to facilitate the procurement of any Partner Consents that may be required as a condition to the sale of any Option Project. For all purposes herein, "NOI" shall mean, with respect to any Project and at the time of calculation, Project revenues (i.e., base rent, plus recoveries from tenants) generated by leases at the Project during the preceding 12 full calendar months less Project operating expenses during the same period. The revenue component of the NOI calculation shall be reduced by 1% as a credit loss factor.