Common use of EFFECT OF PROPERTY VALUE APPEAL OR ADJUSTMENT Clause in Contracts

EFFECT OF PROPERTY VALUE APPEAL OR ADJUSTMENT. If at the time the Consultant selected and appointed under Section 4.5 makes its calculations under this Agreement, the Applicant has appealed any matter relating to the valuations placed by the Appraisal District on the Applicant's Qualified Property, and such appeal remains unresolved, the Consultant shall base its calculations upon the values placed upon the Applicant's Qualified Property by the Appraisal District. In the event that the Taxable Value of the Qualified Property is changed after an appeal of its valuation, or the Taxable Value is otherwise altered for any reason, the Parties shall notify the Consultant of the final Taxable Value of the Qualified Property and the calculations required under Article IV of this Agreement shall be recalculated by the Consultant at Applicant’s sole expense using the revised property values. The Consultant shall transmit the revised calculations to the Parties and any Party owing funds to the other Party shall pay such funds within thirty (30) days after receipt of the new calculations.

EFFECT OF PROPERTY VALUE APPEAL OR ADJUSTMENT. If at the time the Consultant selected and appointed under Section 4.5 makes its calculations under this Agreement, the Applicant has appealed any matter relating to the valuations placed by the Appraisal District on the Applicant's Qualified Property, and such appeal remains unresolved, the Consultant shall base its calculations upon the values placed upon the Applicant's Qualified Property by the Appraisal District. In the event that the Taxable Value of the Qualified Property is changed after an appeal of its valuation, or the Taxable Value is otherwise altered for any reason, the Parties shall notify the Consultant of the final Taxable Value of the Qualified Property and the calculations required under Article IV of this Agreement shall be recalculated by the Consultant at Applicant’s sole expense using the revised property values. The Consultant shall transmit the revised calculations to the Parties and any Party owing funds to the other Party shall pay such funds within thirty (30) days after receipt of the new calculations.. If the Applicant disagrees with any calculation by the Consultant pursuant to this Section 4.10, the Applicant shall have the right to appeal such calculation change in accordance with the procedures set forth in Section 4.9 ARTICLE V

EFFECT OF PROPERTY VALUE APPEAL OR ADJUSTMENT. If at the time the Consultant selected and appointed under Section 4.5 makes its calculations under this Agreement, the Applicant has appealed any matter relating to the valuations placed by the Appraisal District on the Applicant's ’s Qualified Property, and such appeal remains unresolved, the Consultant shall base its calculations upon the values placed upon the Applicant's ’s Qualified Property by the Appraisal District. In the event that the Taxable Value of the Qualified Property is changed after an appeal of its valuation, or the Taxable Value is otherwise altered for any reason, the Parties shall notify the Consultant of the final Taxable Value of the Qualified Property and the calculations required under Article IV of this Agreement shall be recalculated by the Consultant at Applicant’s sole expense using the revised property values. The Consultant shall transmit the revised calculations to the Parties and any Party owing funds to the other Party shall pay such funds within thirty (30) days after receipt of the new calculations.

EFFECT OF PROPERTY VALUE APPEAL OR ADJUSTMENT. If at the time the Consultant selected and appointed under Section 4.5 makes its calculations under this Agreement, the Applicant has appealed any matter relating to the valuations placed by the Appraisal District on the Applicant's Qualified Property, and such appeal remains unresolved, the Consultant shall base its calculations upon the values placed upon the Applicant's Qualified Property by the Appraisal District. In the event that the Taxable Value of the Qualified Property is changed after an appeal of its valuation, or the Taxable Value is otherwise altered for any reason, the Parties shall notify the Consultant of the final Taxable Value of the Qualified Property and the calculations required under Article IV of this Agreement shall be recalculated by the Consultant at Applicant’s sole expense using the revised property values. The Consultant shall transmit the revised calculations to the Parties and any Party owing funds to the other Party shall pay such funds within thirty (30) days after receipt of the new calculations. If the Applicant disagrees with the Consultant’s recalculation, the Applicant shall have the right to appeal such recalculation in accordance with the procedures set forth in Section 4.9.