Value Appreciation definition
Examples of Value Appreciation in a sentence
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.
Notwithstanding anything in Section 3(d) to the contrary, the Market Value Appreciation performance criteria shall be satisfied upon the first date after the Grant Date on which the Fair Market Value per share of Common Stock over the 20 previous consecutive Trading Days has been at least $25 per Share, in which case the percentage of the applicable Shares to become vested on the applicable Performance Vesting Date shall be 100%.
Before any Tenant Ownership Change or Financing Event for which Value Appreciation Rent may be due, Tenant shall provide County with its detailed calculation of the 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.
Pursuant to Section 3.5, Value Appreciation Rent may also be due on certain assignments, transfers or encumbrances, as more fully set forth therein.
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.
Pursuant to Section 3.4, Value Appreciation Rent may also be due on certain assignments, transfers or encumbrances, as more fully set forth therein.
For a Financing Event, Tenant shall pay District fourteen percent (14%) of the Net Refinancing Proceeds as Value Appreciation Rent.
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.
Value Appreciation Rights Plan; or (iii) pursuant to any employment agreement with the Named Individual.