Common use of Equity Kicker Clause in Contracts

Equity Kicker. After payment of the senior note and the contract claim, additional amounts are due and payable based on availability of Net Sale Proceeds or, if no sale. Net Appraisal Value. Holder's claim equals 25% of any remaining proceeds or value.

Equity Kicker. After payment of the senior note and the contract claimnote, additional amounts are due and payable based on availability of Net Sale Proceeds or, if no sale. , Net Appraisal Value. Holder's claim equals 25(a) the first $7.95 million of proceeds or value after payment of the senior note, and (b) 15% of any remaining proceeds or value.

Equity Kicker. After payment of the senior note and the contract claimnote, additional amounts are due and payable based on availability of Net Sale Proceeds or, if no sale. , Net Appraisal Value. Holder's claim equals 25(a) the first $3 million of proceeds or value, (b) 50% of next $6.7 million, and (c) 75% of any remaining proceeds or value.