Common use of Net Proceeds Share Clause in Contracts

Net Proceeds Share. In the event of a Change of Ownership (excluding Excluded Transfers), the “Net Proceeds Share” shall be the amount by which the greater of the following exceeds the Administrative Charge payable by Lessee to County in connection with such Change of Ownership: (a) the lesser of (i) the Net Transfer Proceeds from such Change of Ownership, or

Net Proceeds Share. In the event of a Change of Ownership (excluding Excluded Transfers)Ownership, the “Net Proceeds Share” shall be the amount by which the greater of the following exceeds the Administrative Charge payable paid by Lessee to County in connection with such Change of Ownership: (a) the lesser of (i) the Net Transfer Proceeds from such Change of Ownership, oror (ii) five percent (5%) of the Gross Transfer Proceeds from such Change of Ownership; or (b) twenty percent (20%) of the Net Transfer Proceeds from such Change of Ownership.