Additional Sums to be Paid Sample Clauses

Additional Sums to be Paid. In addition to the Total Purchase Price set forth above, (a) a Project start‐up fee (being a non‐refundable, non‐transferable "start‐up" fee for the Association) in an amount equivalent to two (2) months’ estimated maintenance fees for the Unit; (b) one (1) month’s estimated maintenance fees for the Unit as an advance payment for the initial month’s maintenance fees payable by a Unit Owner; and (c) all estimated closing costs and prorations payable by Purchaser, as estimated by Xxxxxx, shall be payable by Purchaser to Escrow on the earlier of (i) the Pre‐Closing Date as instructed in Seller’s Pre‐Closing Notice pursuant to Section E.8 of the "General Terms and Conditions" below, or (ii) four (4) business days prior to the Closing Date. If Purchaser has pre‐closed and, thereafter, but prior to the Closing Date, Escrow determines that additional amounts are due to fully pay all such closing costs and prorations, then, and in such event, Purchaser shall pay the additional amounts to Escrow within five (5) business days of Purchaser’s receipt of such notice from Escrow. If any excess amounts are prepaid by Purchaser with respect to closing costs and prorations, then such excess amounts shall be refunded to Purchaser by Escrow within a reasonable period of time after the Closing Date. For purposes of this Purchase Agreement, the Project start‐up fee is not an advance payment of future maintenance fee assessments, but rather is intended to and shall be used to fund and pay for all costs and expenses typically associated with the opening of a new residential building, including, by way of example and not limitation, office furniture and equipment for the Managing Agent (including computer(s) and software programs), initial maintenance supplies and equipment for the Project, artwork for the Common Elements, communications equipment for Association staff, secured entry fobs or cards, and the initial premiums for the Project insurance. Seller shall have the right to use the Project start‐up fees to pay for these costs and expenses and/or to be reimbursed for the cost of the same if previously purchased and paid for by Seller. Any surplus funds shall be deposited with the Association.
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Related to Additional Sums to be Paid

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  • Special Considerations Special considerations in determining allowability of compensation will be given to any change in a non-Federal entity's compensation policy resulting in a substantial increase in its employees' level of compensation (particularly when the change was concurrent with an increase in the ratio of Federal awards to other activities) or any change in the treatment of allowability of specific types of compensation due to changes in Federal policy.

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  • Escrow of New Securities If you receive securities (new securities) of another issuer (successor issuer) in exchange for your escrow securities, the new securities will be subject to escrow in substitution for the tendered escrow securities if, immediately after completion of the business combination:

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