Equity Share Sample Clauses

Equity Share. In the event there does not exist an Event of Default, and Owner, who is not the Developer, wishes to Transfer the Affordable Unit to a Person or Family who is not an Eligible Person or Family, then Owner can Transfer the Affordable Unit only if, in addition to repayment of the City Loan, a share of the equity from the Affordable Unit is paid to the City in the same percentage as the percentage of the City's Loan to the Fair Market Value of the Affordable Unit at the time of the City Loan (the "Equity Share"). Equity subject to sharing shall be calculated by subtracting the Fair Market Value of the Affordable Unit at the time of the Owner’s acquisition of the Affordable Unit from the sales price for a sale to a Person or Family who is not an Eligible Person or Family (less Borrower's Closing Costs and “capital improvements” as such terms are defined herein). When the total amount due to the City under this Agreement, including the Equity Share, is paid, the City shall remove or cause to be removed this Agreement as a lien on the Affordable Unit, and this Agreement will cease to be a covenant running with the land.

Equity Share. “Equity Share” means the share of appreciation that the Qualified Homebuyer shall pay the Town upon a sale, transfer or any other conveyance of the Home prior to the end of the Period of Affordability. The Equity Share shall be calculated on a pro-rata basis as the ratio of the amount of the NSP Loan to the original sale price of the Home, excluding any increase in value attributable to Capital Improvements made at the Qualified Homebuyer’s expense, and shall be in addition to the amount owed for repayment of the NSP Loan. The Equity Share shall decrease with the Qualified Homebuyer's length of occupancy of the Home as follows: Years 0 through 2 – 0% reduction of Equity Share; Years 3 through 4 – 50% reduction of Equity Share; Years 5 through 8 – 66% reduction of Equity Share; Years 9 through 45 – 100% reduction of Equity Share.

Equity Share. This is the percentage of the market value that Dublin City Council will contributeto the purchase of an affordable dwelling. This will be at least 5% of the market value. This entitles the Council to the same percentage in value of a future sale of the property subject to terms and conditions. It does not establish the Council as a co-owner of the property.

Equity Share. (a) MR3 shall have the right to acquire up to a 50% share in the equity held by Purchaser of any entity operating to exploit or commercialize the Technology under this Agreement (an "Operating Entity"), provided that MR3 may not acquire an equity share greater than that of Purchaser. The purchase price of any such equity share from Purchaser shall be calculated on the basis of the then book value of such Operating Entity at the time of such purchase. MR3 may effectuate such a purchase of equity from the Purchaser by either assigning all or a part of its share in Distributable Profits under Section 4.1 above, or by making a separate cash payment. (b) Should Purchaser sell any of Purchaser's Equity Share in an Operating Entity, prior to MR3 having acquired all of the equity in such Operating Entity to which MR3 would be entitled under Section 4.2 (a) above, then Purchaser shall immediately distribute to MR3 that portion of the equity sale proceeds necessary to equalize the proceeds received by MR3 and Purchaser on a 50/50 basis.

Equity Share. No fractional Shares shall be issued upon conversion of Series A3 CCPS, and the number of Equity Shares to be issued shall be rounded up to the nearest whole number.

Equity Share. Upon the first to occur of: (i) the sale of Company's Wisconsin Region assets; (ii) the sale of all of Company's assets or equity interests; (iii) the completion of an initial public offering of Company's equity interests; or (iv) a merger of Company with another entity where Company is not the surviving entity, Company agrees to pay Pigeon a one percent (1%) share (the "Equity Share") of the total net equity of the Wisconsin Region (after subtracting Company's capitalization and outstanding debt related to the Wisconsin Region). Notwithstanding the above, if Pigeon's employment by Company is terminated for any reason during the initial five (5) year term of this Agreement, Pigeon shall forfeit twenty percent (20%) of the Equity Share for each year or partial year less than five (5) that Pigeon is employed by Company.

Equity Share