Value Appreciation Rent Sample Clauses

Value Appreciation Rent. In the event of a Tenant Ownership Change or a Financing Event, Tenant shall pay to District Value Appreciation Rent as described herein. For a Tenant Ownership Change, the Value Appreciation Rent shall be the greater of (a) the lesser of (i) the Net Transfer Proceeds, or (ii) four percent (4%) of the Gross Transfer Proceeds, or (b) fourteen percent (14%) of Net Transfer Proceeds. For a Financing Event, Tenant shall pay District fourteen percent (14%) of the Net Refinancing Proceeds. Before any Tenant Ownership Change or Financing Event for which Value Appreciation Rent may be due, Tenant shall provide District with its detailed calculation of the Value Appreciation Rent. No Tenant Ownership Change or Financing Event shall occur until agreement is reached on the calculation of Value Appreciation Rent; provided, however, that such Tenant Ownership Change or Financing Event shall be permitted to occur without such agreement as long as District and Tenant make mutually acceptable arrangements for the preservation of any additional Value Appreciation Rent plus interest at the Interest Rate that might be due to District over and above that reflected in the Tenant’s calculation should any such dispute be resolved in favor of District. Value Appreciation Rent shall be due and payable concurrently with the Tenant Ownership Change or Financing Event giving rise to the obligation to pay Value Appreciation Rent (or, with respect to any disputed amount, on resolution of the dispute) and, in the situation of a Tenant Ownership Change, shall be the joint and several obligation of the transferee and transferor.
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Value Appreciation Rent. In the event of a Tenant Ownership Change or a Financing Event, Tenant shall pay to County Value Appreciation Rent as described herein. For a Tenant Ownership Change or Financing Event, Tenant shall pay to County Value Appreciation Rent in the amount of $140,000 if such an event is executed within a year of the Effective Date. This sum shall increase by 2.5% per year compounded. By way of example only, a Tenant Ownership Change or Financing Event executed 4 years from the Lease Date shall require a sum of $150,765 paid to the County. Value Appreciation Rent shall be due and payable concurrently with the Tenant Ownership Change or Financing Event giving rise to the obligation to pay Value Appreciation Rent (or, with respect to any disputed amount, on resolution of the dispute) and, in the situation of a Tenant Ownership Change, shall be the joint and several obligation of the transferee and transferor.
Sample 1
Value Appreciation Rent. In the event of a Tenant Ownership Change or a Financing Event, Tenant shall pay to County Value Appreciation Rent as described herein. For a Tenant Ownership Change or Financing Event, Tenant shall pay to County the sum of $140,000 if such an event is executed in lease year‌
Sample 1

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