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

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. In the event that, at the time the Third Party selected under Section 3.4 makes its calculations under this Agreement, Applicant has appealed the taxable values placed by the Xxxxxx County Appraisal District on the Qualified Property, and the appeal of the appraised values are unresolved, the Third Party shall base its calculations upon the values placed upon the Qualified Property by the Xxxxxx County Appraisal District for the preceding year. In the event that the Taxable Value of the Applicant's Qualified Investment and/or the Applicant's Qualified Property is changed after a final appeal of the valuation or is otherwise changed, once the determination of a new value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations required by this Agreement for the applicable year or years using the new valuations. Upon completion of the new calculations, the Third Party shall transmit the new calculations to the Parties. In the event the new calculations result in the change of any amount payable by the Applicant under this Agreement, the Party owing funds to the other signatories to this Agreement shall pay any amounts owed within thirty (30) days of receipt of the new calculations from the Third Party.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. In the event that, If at the time the Third Party Consultant selected and appointed under Section 3.4 4.5 makes its calculations under this Agreement, the Applicant has appealed any matter relating to the taxable values valuations placed by the Xxxxxx County Appraisal District on the Applicant's Qualified Investment and/or the Applicant's Qualified Property, and the such appeal of the appraised values are remains unresolved, the Third Party Consultant shall base its calculations upon the values placed upon the Applicant's Qualified Property Investment and/or the Applicant's Qualified Property, respectively, by the Xxxxxx County Appraisal District District. If as a result of an appeal or for the preceding year. In the event that any other reason the Taxable Value of the Applicant's Qualified Investment and/or the Applicant's Qualified Property is changed after a final appeal of the valuation or is otherwise changed, once the determination of a the new value Taxable Value becomes final, the Parties shall immediately notify the Third Party Consultant who shall immediately issue new calculations required by this Agreement for the applicable year or years using the new valuationsTaxable Value. Upon completion of the new calculations, the Third Party Consultant shall transmit the new calculations to the Parties. In the event the new calculations result in the a change of any amount paid or payable by the Applicant under this Agreement, the Party owing funds to the other signatories to this Agreement Party shall pay any amounts owed within thirty (30) days of receipt of the new calculations from the Third PartyParty Consultant.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. In the event that, If at the time the Third Party selected and appointed under Section 3.4 4.5 makes its calculations under this Agreement, the Applicant has appealed any matter relating to the taxable values valuations placed by the Xxxxxx County Appraisal District on the Applicant's Qualified Investment and/or the Applicant's Qualified Property, and the such appeal of the appraised values are remains unresolved, the Third Party shall base its calculations upon the values placed upon the Applicant's Qualified Property Investment and/or the Applicant's Qualified Property, respectively, by the Xxxxxx County Appraisal District District. If as a result of an appeal or for the preceding year. In the event that any other reason the Taxable Value of the Applicant's Qualified Investment and/or the Applicant's Qualified Property is changed after a final appeal of the valuation or is otherwise changed, once the determination of a the new value Taxable Value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations required by this Agreement for the applicable year or years using the new valuationsTaxable Value. Upon completion of the new calculations, the Third Party shall transmit the new calculations to the Parties. In the event the new calculations result in the a change of any amount paid or payable by the Applicant under this Agreement, the Party owing funds to the other signatories to this Agreement Party shall pay any amounts owed within thirty (30) days of receipt of the new calculations from the Third Party.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. In the event that, If at the time the Third Party selected and appointed under Section 3.4 4.5 makes its calculations under this Agreement, the Applicant has appealed any matter relating to the taxable values valuations placed by the Xxxxxx County Appraisal District on the Applicant's Qualified Investment and/or the Applicant's Qualified Property, and the such appeal of the appraised values are remains unresolved, the Third Party shall base its calculations upon the values placed upon the Qualified Property by the Xxxxxx County Appraisal District for the preceding year. In the event that the Taxable Value of the Applicant's Qualified Investment and/or the Applicant's Qualified Property, respectively, by the Appraisal District. If as a result of an appeal or for any other reason the Taxable Value of the Qualified Property is changed after a final appeal of the valuation or is otherwise changed, once the determination of a the new value Taxable Value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations required by this Agreement for the applicable year or years using the new valuationsTaxable Value. Upon completion of the new calculations, the Third Party shall transmit the new calculations to the Parties. In the event the new calculations result in the a change of any amount paid or payable by the Applicant under this Agreement, the Party owing funds to the other signatories to this Agreement Party shall pay any amounts owed such funds within thirty (30) days of receipt of the new calculations from the Third Party.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. In the event that, at the time the Third Party selected under Section 3.4 makes its calculations under this Agreement, Applicant has appealed the taxable values placed by the Xxxxxx County Appraisal District on the Applicant’s Qualified Investment and/or Qualified Property, and the appeal of the appraised values are remains unresolved, the Third Party shall base its calculations upon the values placed upon the Qualified Property by the Xxxxxx County Appraisal District for the preceding year. In the event that the Taxable Value of the Applicant's Qualified Investment and/or the Applicant's Qualified Property is changed after a final appeal of the valuation or is otherwise changedchanged for any other reason, once the determination of a the new value Taxable Value becomes final, the Parties shall immediately notify the Third Party who shall immediately issue new calculations required by this Agreement to the Parties for the applicable year or years using the new valuations. Upon completion of the new calculations, the Third Party shall transmit the new calculations to the Parties. In the event the new calculations result in the a change of in any amount paid or payable by the Applicant under this Agreement, the Party owing funds to the other signatories to this Agreement shall pay any amounts owed within thirty (30) days of the receipt of the new calculations from the Third Party. Any dispute by Applicant with respect to this new calculation shall be appealable to the Board of Trustees in accordance with provisions of Section 3.8.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. In the event that, If at the time the Third Party Consultant selected and appointed under Section 3.4 4.5 makes its calculations under this Agreement, the Applicant has appealed to the taxable values Appraisal Review Board any matter relating to the valuations placed by the Xxxxxx County Appraisal District on the Applicant’s Qualified Property, and the such appeal of the appraised values are remains unresolved, the Third Party Consultant shall base its calculations upon the values placed upon the Applicant’s Qualified Property by the Xxxxxx County Appraisal District District. If as a result of an appeal or for the preceding year. In the event that any other reason the Taxable Value of the Applicant's Qualified Investment and/or the Applicant's ’s Qualified Property is changed after a final appeal of the valuation or is otherwise changed, once the determination of a the new value Taxable Value becomes final, the Parties shall immediately notify the Third Party Consultant who shall immediately issue new calculations required by this Agreement for the applicable year or years using the new valuationsTaxable Value. Upon completion of the new calculations, the Third Party Consultant shall transmit the new calculations to the Parties. In the event the new calculations result in the a change of any amount paid or payable by the Applicant under this Agreement, the Party owing funds to the other signatories to this Agreement Party shall pay any amounts owed within thirty (30) days of receipt of the new calculations from the Third PartyParty Consultant.

EFFECT OF PROPERTY VALUE APPEAL OR OTHER ADJUSTMENT. In the event that, If at the time the Third Party Consultant selected and appointed under Section 3.4 4.5 makes its calculations under this Agreement, the Applicant has appealed any matter relating to the taxable values valuations placed by the Xxxxxx County Appraisal District on the Applicant's Qualified Property, and the such appeal of the appraised values are remains unresolved, the Third Party Consultant shall base its calculations upon the values placed upon the Qualified Property by the Xxxxxx County Appraisal District for the preceding year. In the event that the Taxable Value of the Applicant's Qualified Investment and/or the Applicant's Qualified Property, respectively, by the Appraisal District. If as a result of an appeal or for any other reason the Taxable Value of the Applicant's Qualified Property is changed after a final appeal of the valuation or is otherwise changed, once the determination of a the new value Taxable Value becomes final, the Parties shall immediately notify the Third Party Consultant who shall immediately issue new calculations required by this Agreement for the applicable year or years using the new valuationsTaxable Value. Upon completion of the new calculations, the Third Party Consultant shall transmit the new calculations to the Parties. In the event the new calculations result in the a change of any amount paid or payable by the Applicant under this Agreement, the Party owing funds to the other signatories to this Agreement Party shall pay any amounts owed within thirty (30) days of receipt of the new calculations from the Third PartyParty Consultant.