CALCULATION OF THE FORMULA PRICE Sample Clauses

CALCULATION OF THE FORMULA PRICE. The Formula Price shall be equal to Xxxxxx’s Purchase Price, as stated below, plus the Lessee’s share of increase in Market Value, if any, calculated in the way described below:

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CALCULATION OF THE FORMULA PRICE. The Formula Price shall be equal to the Base Price (Homeowner’s Purchase Price plus the Added Value,) plus the Inflation Adjustment, calculated as described below.

CALCULATION OF THE FORMULA PRICE. The Formula Price shall be calculated as follows. A market valuation of the Leased Premises and Home shall be conducted in accordance with the instructions set forth in 10.5 above (the “Current Appraised Value”).

CALCULATION OF THE FORMULA PRICE. For only the first sale after initial home construction, Owner’s Purchase Price shall be defined as:

CALCULATION OF THE FORMULA PRICE. The Formula Price shall be equal to (a) the amount of Homeowner’s Purchase Price (as stated above), plus (b) the total amount of any duly approved Capital Improvement Credits (determined in accordance with Section 10.11 below), plus (c) 25% of an amount equal to any increase in the appraised value of Homeowner’s Ownership Interest minus the amount of the Improvement credit, if any. The following worksheet is to be used to calculate the Formula Price as defined above:

CALCULATION OF THE FORMULA PRICE. The Formula Price shall be equal to Lessee’s Purchase Price, as stated below, compounded annually by 1.5% from the time of purchase, plus a credit for Qualified Capital Improvements, if applicable, compounded annually by 1.5% from the time the Capital Improvement is completed, plus a credit for Capital Systems Replacement, if applicable, minus Deferred Maintenance, Neglect and Excessive Damage Value, if applicable, as determined by Lessor, plus any indebtedness owed to the Washington State Housing Finance Commission for sums loaned to Lessee through their House Key Plus CLT or HomeChoice loan programs as evidenced by the Promissory note of date. Lessee's Purchase Price: The parties agree that the Lessee’s Purchase Price for the Improvements existing on the leased premises as of the commencement of the term of this Lease is $ . Any agreements regarding credit for Qualified Capital Improvements and/or credit for Capital System Replacement must be signed by Lessor and Lessee, duly notarized and shall become a legal attachment to this Lease. The Formula Price determines the maximum price for which a home can be sold and is NOT a guarantee of expected sale price. Lessee freely agrees that this Formula Price constitutes a fair return to them and/or their successors for the opportunity to enter the local homeownership marketplace which, prior to the execution of this Lease, remained closed to them as a matter of limited financial resources.

Related to CALCULATION OF THE FORMULA PRICE

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Average Log Length and Payment Reduction If the average log length for all logs delivered under this contract is less than the average log length specified in the table in clause G-024.2, The amount of allowable payment reduction shall be calculated by multiplying the payment rate in P-028.2 by the total volume delivered, and the difference between the average length of logs delivered and the average log length specified in G-024.2, times 1% as follows: Log Length Payment Reduction = (B x V x L) x (.01) 1/10th) Where: B = Bid rate from P-028.2 clause V = total delivered log Volume L = Length in feet below specified average (rounded to nearest Average log length payment reductions calculated by the Purchaser must be approved by the State, prior to payment for the final billing period. Third-party scaling organization information is required to determine Xxxxxxxx mbf and Average log length for payment reduction purposes. Average log length is determined on a piece count basis. Value of log length price reduction will be derived from the applicable sort value as described in this contract. Scale information for determining Average log length for payment reduction eligibility must be obtained from roll-out scale. Truck-ramp, sample scaling, and/or bundle scaling information is not acceptable for determining eligibility. Purchaser’s exclusive remedy for below average log lengths shall be the payment reduction described in this clause, notwithstanding other provisions in the Uniform Commercial Code.
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