Common use of SHARE IN PROCEEDS Clause in Contracts

SHARE IN PROCEEDS. In the event of any sale, transfer, termination or condemnation of any or all of the Conservation Easement or disposal of the Conservation Easement pursuant to dissolution (hereinafter “transfer”), the Cooperating Entity shall pay to the Land for Maine’s Future Fund, or to another fund designated by the LMFB, a share of the proceeds of the transfer. For the purposes of this Agreement, this share is defined as the product of:

Appears in 4 contracts

Samples: Project Agreement, www.maine.gov, www.maine.gov

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