Compensation of Developer Sample Clauses

Compensation of Developer. In consideration of Developer’s Services, Owner shall pay to Developer, 3% of the Hard Costs for Construction of the Project (the “Developer Fee”). At the same time that Owner pays or is required to pay (whichever occurs first) any Hard Costs for Construction of the Project, Owner shall pay Developer 3% of such Hard Costs for Construction of the Project. In addition to the Developer Fee, Owner shall reimburse Developer for all Reimbursable Costs within 10 days after submission of a request for payment of such Reimbursable Costs by Developer to Owner.
Sample 1See All (4)
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Compensation of Developer. As compensation for the services hereunder, Owner agrees to pay Developer a fee in the amount of $[_________], which fee shall be paid as follows: (i) 50% due and payable upon the earlier to occur of (a) [______________] or (b) closing on the financing for the Project and (ii) 10% due and payable on the last business day of each of the five successive calendar months commencing on [___________] and ending on [______________].
Sample 1See All (4)
Compensation of Developer. Subject to adjustments and the terms and conditions as expressly provided in this Agreement, as consideration for Developer's services provided under this Agreement, Monroe agrees to pay to Developer the fees set forth on EXHIBIT "E" (the "Developer Fees"). So long as (i) the Project is proceeding in accordance with the terms, provisions and conditions of this Agreement, within the Development Budget and in accordance with the Development Schedule, (ii) Developer is not in default hereunder and no event has occurred which with the giving of notice or the passage of time or both would constitute a default hereunder, (iii) Developer or any of its Affiliates are not in default under any other agreements and contracts with Monroe or any of its Affiliates or MPT or any of its Affiliates, and no event has occurred which with the giving of notice or the passage of time or both would constitute a default under this Agreement or any other agreement or contract of Developer with Monroe and any of its Affiliates, fifty percent (50%) of the Developer Fees shall be paid on the execution of this Agreement, forty percent (40%) of the Developer Fees shall be prorated over twelve (12) months and paid in equal monthly installments commencing on October 15, 2005. Such monthly installments shall continue thereafter so long as the requirements set forth in sub items (i) through (iii) of this Article 6 are met and so long as the requirements for funding under the Funding Agreement are satisfied. The remaining ten percent (10%) of the Developer Fees shall be paid to Developer upon the satisfaction of all conditions to the Final Funding under the Funding Agreement. So long as the requirements set forth in sub items (i) through (iii) of this Article 6 are and remain satisfied, and the requirements for funding under the Funding Agreement are and remain satisfied, the developer fee to be paid for Post-Construction Development Services of Two Hundred Fifty Thousand Dollars ($250,000.00) (the "Developer Bonus"), shall be paid to Developer upon the later of the completion of all Post-Construction Development Services, as set forth in Section 3.4 hereof, or December 31, 2007. Developer agrees that the payments referred to in this
Sample 1
Compensation of Developer. 11.1 Development Fee for the Development Work. For and in consideration of the services rendered by Developer with respect to the Development Work, Owner shall, subject to and in accordance with the terms and provisions of this Agreement, pay to Developer during each month of the Development Period, the applicable monthly installment of the Development Fee. The Development Fee shall be $2,382,568; provided, however, that if there is a material change in the scope of the Development Work, Developer and Owner shall negotiate in good faith to adjust, upward or downward, as applicable, the Development Fee to reflect the increase or decrease in the Development Budget resulting from such change in scope. The applicable monthly installment of the Development Fee for a month shall be based upon the percentage of the Development Work completed as of the end of the relevant month; provided, however, that to the extent that draws against the Member’s Initial Capital Contributions (as defined in the LLC Agreement) and the Loan or, to the extent not funded from those sources, other existing available funds of the Company are not sufficient to pay the Development Fee on such basis, the excess amount shall be deferred until Final Completion, at which time the unpaid balance of the Development Fee shall be due in full.
Sample 1
Compensation of Developer 
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Related to Compensation of Developer

  • Compensation of Consultant The Company hereby agrees to compensate Consultant $1,000 per month payable on the first business day of the month.

  • Obligations and Compensation of Dealer Manager The Dealer Manager hereby represents and warrants to, and covenants and agrees with the Corporation and the Adviser (provided that, to the extent representations and warranties of the Corporation and the Adviser are given only as of a specified date or dates, the Dealer Manager only makes such representations and warranties as of such date or dates), as follows:

  • Compensation for Consulting Services For each quarter (i.e., three-month period) that Executive provides consulting services to MediciNova pursuant to the option of MediciNova contained in Section 9 above, MediciNova shall pay Executive a sum equal to fifteen percent (15%) of Executive’s annual Base Compensation which shall be applicable at the time of Executive’s termination of employment with MediciNova (prorated for any period of less than a quarter). The parties expressly agree that when Executive is performing consulting services for MediciNova, Executive is acting as an independent contractor. Therefore, Executive shall be solely liable for Social Security and income taxes that result from Executive’s compensation as a consultant. In addition, Executive shall not be entitled to any other benefits including, without limitation, such group medical, life and disability insurance and other benefits as may be provided to employees and/or executives of MediciNova.

  • Compensation of the Advisor Each Fund agrees to pay to the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor pursuant to this Agreement, a fee accrued daily and paid monthly in arrears at an annual rate listed in Appendix A with respect to the Fund’s average daily net assets. For any period less than a month during which this Agreement is in effect, the fee shall be prorated according to the proportion which such period bears to a full month of 28, 29, 30 or 31 days, as the case may be. The fee payable to the Advisor under this Agreement will be reduced to the extent required by any expense limitation agreement. The Advisor may voluntarily absorb certain Fund expenses or waive all or a portion of its fee.

  • Compensation of the Adviser For all of the services to be rendered and payments to be made as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee at the annual rate of 1.50% of the average value of its daily net assets. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Declaration of Trust of the Trust or a resolution of the Board, if required. If, pursuant to such provisions, the determination of net asset value of the Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets as of the close of the business day, or as of such other time as the value of the Fund's net assets may lawfully be determined, on that day. If the determination of the net asset value of the Fund has been suspended for a period including such month, your compensation payable at the end of such month shall be computed on the basis of the value of the net assets of the Fund as last determined (whether during or prior to such month).

  • Services and Compensation Consultant agrees to perform for the Company the services described in Exhibit A (the “Services”), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Compensation of Advisor For services to be provided by the Advisor pursuant to this Agreement, the Fund will pay to the Advisor, and the Advisor agrees to accept as full compensation therefor, an investment advisory fee consisting of a base fee plus a performance adjustment at the rates specified in Schedule A to this Agreement, payable quarterly in arrears.

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