Percentage of Value Clause Samples
The 'Percentage of Value' clause defines how certain payments, fees, or obligations are calculated as a proportion of an agreed-upon value, such as the contract price or the value of goods or services provided. In practice, this means that instead of a fixed sum, the amount owed will fluctuate depending on the total value involved; for example, a service fee might be set at 5% of the total invoice amount. This clause ensures that financial obligations scale appropriately with the size of the transaction, providing fairness and flexibility for both parties.
Percentage of Value. The percentage of value assigned to each of the Units is equal. The determination that percentages of value should be equal was made after reviewing the comparative characteristics of the Units in the Project and concluding that there are not material differences among the Units insofar as the allocation of percentages of value is concerned. The percentage of value assigned to each Unit shall be determinative of each Co-owner's respective share of the General Common Elements of the Condominium Project, the proportionate share of each respective Co-owner in the proceeds and expenses of administration and the value of such Co-owner's vote at meetings of the Association of Co-owners. The total value of the Project is 100%.
Percentage of Value. The percentage assigned to each individual condominium unit in the condominium Master Deed.
Percentage of Value. The percentage of value assigned to each Unit shall be equal and the number obtained by dividing 100 by the number of Units in the Condominium. The determination that the percentages of value of each Unit is equal was made after reviewing the comparative characteristics of each Unit in the Condominium which would affect maintenance costs and value and concluding that there are no material differences among the Units insofar as the allocation of percentage of value is concerned. The percentage of value assigned to each Unit shall be determinative of each Unit's respective share of the Common Elements of the Condominium, and the proportionate share of each Unit in the proceeds and the expenses of administration, and the vote attributed to each Unit at meetings of the Association. The total value of all of the Units of the Condominium is one hundred percent (100%).
Percentage of Value. The percentage of value assigned to each Unit is set forth below. The percentages of value were computed on the basis of the relative, approximate areas of the Unit, disregarding insubstantial differences in size and with the resulting percentages reasonably adjusted to total precisely 100%. The percentage of value assigned to each Unit shall be determinative of each Co-owner’s respective share of the Common Elements of the Condominium Project, the proportionate share of each respective Co-owner in the proceeds and expenses of the administration (except that Unit 2 and Unit 3’s contribution to expenses shall be $5,000.00 per annum, in perpetuity, commencing on , 2024 and such Unit’s share shall not be considered in determining the proportionate obligations of the Co-owners. Likewise, Units 2 and 3 shall not share in any proceeds of administration), and the value of such Co-owner’s vote at meetings of the Association of Co-owners. Set forth below are:
a. Each Unit number as it appears on the Condominium Subdivision Plan.
b. The percentage of value assigned to each Unit. Unit Number Area (Square Footage) Percentage of Value Assigned 1 361,073 36.7 2 31,926 3.2 3 50,181 5.1 4 76,245 7.8 5 54,804 5.6 6 39,178 4.0 7 302,837 30.8 8 67,280 6.8
Percentage of Value. All modifications to Units and Common Elements made pursuant to this Article XI shall be given effect by appropriate amendments to this Master Deed in the manner provided by law, which amendments shall be prepared by and at the discretion of the Developer and in which the percentages of value set forth in Article V hereof shall be proportionately readjusted, if the Developer deems it to be applicable, in order to preserve a total value of 100% for the entire Condominium resulting from such amendments to this Master Deed. The precise determination of the readjustments in percentages of value shall be made within the sole judgment of Developer. Such readjustments, however, shall reflect a continuing reasonable relationship among percentages of value based upon the original method and formula described in Article V of this Master Deed. Such amendments to the Master Deed shall also contain such further definitions and redefinitions of General Common Elements or Limited Common Elements as may be necessary to describe adequately and service the Units and Common Elements being modified by such amendments. In connection with any such amendments, Developer shall have the right to change the nature of any Common Element previously included in the Condominium for any purpose reasonably necessary to achieve the purposes of this Article XI.
Percentage of Value. The percentage of value assigned to each Unit is set forth below. The percentages of value were computed based on the type of roof that services the Unit. The percentage of value assigned to each Unit shall be determinative of each Co-owner's respective share of the Common Elements of the Condominium Project, the proportionate share of each respective Co-owner in the proceeds and expenses of the administration and the value of such Co-owner's vote at meetings of the Association. The total value of the Project is 100%.
Percentage of Value. The total value of the Project is 100%. The determination of the percentages of value should be equal was made after reviewing the comparative characteristics of each Unit in the Project which would affect maintenance costs and concluding that there are not material differences. The percentage of value assigned to each Unit shall be determinative of each Co-Owner's respective share of the General Common Elements of the Condominium Project, the proportionate share of each respective Co-owner in the proceeds and the expenses of administration and the value of such Co-owner's vote at meetings of the Association of Co-owners. Accordingly, the percentage of value assigned to each single family residential Unit shall be equal.