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

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. If the Applicant has appealed any matter relating to the valuations placed by the Appraisal District on the Applicant’s Qualified Property, at the time the Third Party selected under Section 4.3 makes its calculations under this Agreement, and such appeal remains unresolved, the Third Party shall base its calculations upon the values placed upon the Applicant’s Qualified Property by the Appraisal District. If as a result of an appeal or for any other reason, the Taxable Value of the Applicant’s Qualified Investment is changed, once the determination of the new Taxable Value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations for the applicable year or years using the new Taxable Value. In the event the new calculations result in a change in any amount paid or payable by the Applicant under this Agreement, the Party from whom the adjustment is payable shall remit such amount to the other Party within thirty (30) days of the receipt of the new calculations from the Third Party.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. If In the Applicant has appealed any matter relating to the valuations placed by the Appraisal District on the Applicant’s Qualified Propertyevent that, at the time the Third Party selected under Section 4.3 4.4 makes its calculations under this Agreement, the Applicant has appealed the taxable values placed by the Appraisal Districts on the Qualified Property, and such the appeal remains of the appraised values are unresolved, the Third Party shall base its calculations upon the values initially placed upon the Applicant’s Qualified Property by the Appraisal DistrictDistricts. If as a In the event that the result of an appraisal appeal or for any other reason, the Taxable Value of the Applicant’s Qualified Investment and/or the Applicant’s Qualified Property is changed, once the determination of the a new Taxable Value value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations for the applicable year or years using the new Taxable Valueyears. In the event the new calculations result in a the change in of any amount paid or payable by the Applicant under this Agreement, the Party party from whom the adjustment is payable shall remit such amount amounts to the other Party counter-party within thirty (30) days of the receipt of the new calculations from the Third Party.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. If the Applicant has appealed any matter relating to the valuations placed by the Appraisal District on the Applicant’s Qualified Property, at the time the Third Party selected under Section 4.3 4.4 makes its calculations under this Agreement, and such appeal remains unresolved, the Third Party shall base its calculations upon the values placed upon the Applicant’s Qualified Property by the Appraisal District. If as a result of an appeal or for any other reason, the Taxable Value of the Applicant’s Qualified Investment Property is changed, once the determination of the new Taxable Value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations for the applicable year or years using the new Taxable Value. In the event the new calculations result in a change in any amount paid or payable by the Applicant under this Agreement, the Party from whom the adjustment is payable shall remit such amount to the other Party within thirty (30) days of the receipt of the new calculations from the Third Party.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. If In the Applicant has appealed any matter relating to the valuations placed by the Appraisal District on the Applicant’s Qualified Propertyevent that, at the time the Third Party selected under Section 4.3 4.5 makes its calculations under this Agreement, the Applicant has appealed the taxable values placed by the Appraisal District on the Qualified Property, and such the appeal remains of the appraised values are unresolved, the Third Party shall base its calculations upon the values initially placed upon the Applicant’s Qualified Property by the Appraisal District. If as a In the event that the result of an appraisal appeal or for any other reason, the Taxable Value of the Applicant’s Qualified Investment and/or the Applicant’s Qualified Property is changed, once the determination of the a new Taxable Value value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations for the applicable year or years using the new Taxable Valueyears. In the event the new calculations result in a the change in of any amount paid or payable by the Applicant under this Agreement, the Party party from whom the adjustment is payable shall remit such amount amounts to the other Party counter-party within thirty (30) days of the receipt of the new calculations from the Third Party.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. If In the Applicant has appealed any matter relating to the valuations placed by the Appraisal District on the Applicant’s Qualified Propertyevent that, at the time the Third Party selected under Section 4.3 4.4 makes its calculations under this Agreement, the Applicant has appealed the taxable values placed by the Appraisal District on the Qualified Property, and such the appeal remains of the appraised values are unresolved, the Third Party shall base its calculations upon the values initially placed upon the Applicant’s Qualified Property by the Appraisal District. If as a In the event that the result of an appraisal appeal or for any other reason, the Taxable Value of the Applicant’s Qualified Investment and/or the Applicant’s Qualified Property is changedchanged by the Appraisal District, once the determination of the a new Taxable Value value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations for the applicable year or years using the new Taxable Valueyears. In the event the new calculations result in a the change in of any amount paid or payable by the Applicant under this Agreement, the Party party from whom the adjustment is payable shall remit such amount amounts to the other Party counter-party within thirty (30) days of the receipt of the new calculations from the Third Party.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. If at the time the Third Party selected under Section 3.4 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, at the time the Third Party selected under Section 4.3 makes its calculations under this Agreement, and such appeal remains unresolved, the Third Party shall base its calculations upon the values placed upon the Applicant’s 's Qualified Property by the Appraisal District. If as a result of an appraisal appeal or for any other reason, the Taxable Value of the Applicant’s 's Qualified Investment and/or the Applicant's Qualified Property is changed, once the determination of the new Taxable Value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations for the applicable year or years using the new Taxable Value. In the event the new calculations result in a change in any amount paid or payable by the Applicant under this Agreement, the Party from whom the adjustment is payable shall remit such amount amounts to the other Party within thirty (30) days of the receipt of the new calculations from the Third Party.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. If In the Applicant has appealed any matter relating to the valuations placed by the Appraisal District on the Applicant’s Qualified Propertyevent that, at the time the Third Party selected under Section 4.3 3.4 makes its calculations under this Agreement, the Applicant has appealed the taxable values placed by the Appraisal District on the Qualified Property, and such the appeal remains of the appraised values are unresolved, the Third Party shall base its calculations upon the values placed upon the Applicant’s Qualified Property by the Appraisal District. If as a In the event that the result of an appraisal appeal or for any other reason, the Taxable Value of the Applicant’s Qualified Investment and/or the Applicant’s Qualified Property is changed, once the determination of the a new Taxable Value value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations for the applicable year or years using the new Taxable Valueyears. In the event the new calculations result in a the change in of any amount paid or payable by the Applicant under this Agreement, the Party party from whom the adjustment is payable shall remit such amount amounts to the other Party counter-party within thirty (30) days of the receipt of the new calculations from the Third Party.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. If In the Applicant has appealed any matter relating to the valuations placed by the Appraisal District on the Applicant’s Qualified Propertyevent that, at the time the Third Party selected under Section 4.3 3.4 makes its calculations under this Agreement, the Applicant has appealed the taxable values placed by the Appraisal District on the Qualified Property, and such the appeal remains of the appraised values are unresolved, the Third Party shall base its calculations upon the values initially placed upon the Applicant’s Qualified Property by the Appraisal District. If as a In the event that the result of an appraisal appeal or for any other reason, the Taxable Value of the Applicant’s Qualified Investment and/or the Applicant’s Qualified Property is changed, once the determination of the a new Taxable Value value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations for the applicable year or years using the new Taxable Valueyears. In the event the new calculations result in a the change in of any amount paid or payable by the Applicant under this Agreement, the Party party from whom the adjustment is payable shall remit such amount amounts to the other Party counter-party within thirty (30) days of the receipt of the new calculations from the Third Party.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. If In the Applicant has appealed any matter relating to the valuations placed by the Appraisal District on the Applicant’s Qualified Propertyevent that, at the time the Third Party selected under Section 4.3 4.4 makes its calculations under this Agreement, the Applicant has appealed the taxable values placed by the Appraisal District on the Qualified Property, and such the appeal remains of the appraised values are unresolved, the Third Party shall base its calculations upon the values initially placed upon the Applicant’s Qualified Property by the Appraisal District. If as a In the event that the result of an appraisal appeal or for any other reason, the Taxable Value of the Applicant’s Qualified Investment and/or the Applicant’s Qualified Property is changed, once the determination of the a new Taxable Value value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations for the applicable year or years using the new Taxable Valueyears. In the event the new calculations result in a the change in of any amount paid or payable by the Applicant under this Agreement, the Party party from whom the adjustment is payable shall remit such amount amounts to the other Party counter-party within thirty (30) days of the receipt of the new calculations from the Third Party.