Common use of Community Impact Fee Clause in Contracts

Community Impact Fee. Within one year after MGE pays the Project License Fee, but before the Project is Open for Business to the General Public, on a date of MGE’s choosing, MGE will pay the Town an initial Community Impact Fee in the amount of $60,000.00 (Sixty Thousand Dollars). Contemporaneous with or after MGE’s payment to the Town of the initial Community Impact Fee, but on or before the date the Project is first Open for Business to the General Public, on a date of MGE’s choosing, MGE will begin making Annual Community Impact Fee payments to the Town, with the payment of subsequent Annual Community Impact Fees to begin on the anniversaries of the day the Project is first Open for Business to the General Public. MGE’s obligation to pay Annual Community Impact Fees to the Town will continue until the expiration or earlier termination of MGE’s initial Category 1 gaming license or any renewal thereof.

Community Impact Fee. Within On or before one year after MGE pays the Project License Fee, but before the Project is Open for Business to the General Public, on a date of MGE’s choosing, MGE will pay the Town an initial Community Impact Fee in the amount of $60,000.00 (Sixty Thousand Dollars). Contemporaneous with or after MGE’s payment to the Town of the initial Community Impact Fee, but on or before the date the Project is first Open for Business to the General Public, on a date of MGE’s choosing, MGE will begin making Annual Community Impact Fee payments to the Town, with the payment of subsequent Annual Community Impact Fees to begin on the anniversaries of the day the Project is first Open for Business to the General Public. MGE’s obligation to pay Annual Community Impact Fees to the Town will continue until the expiration or earlier termination of MGE’s initial Category 1 gaming license or any renewal thereof, as applicable.