Common use of Equity Kicker Clause in Contracts

Equity Kicker. After payment of the senior note, additional amounts are due and payable based on availability of Net Sale Proceeds or, if no sale, Net Appraisal Value. Holder's claim equals (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, additional amounts are due and payable based on availability of Net Sale Proceeds or, if no sale, Net Appraisal Value. Holder's claim equals (a) the first $7.95 3 million of proceeds or value after payment value, (b) 50% of the senior notenext $6.7 million, and (bc) 1575% of any remaining proceeds or value.

Equity Kicker. After payment of the senior notenote 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 (a) the first $7.95 million of proceeds or value after payment of the senior note, and (b) 1525% of any remaining proceeds or value.