Common use of Compensation of Developer Clause in Contracts

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 [______________].

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) [______________] December 31, 1998 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 month commencing on [___________] Janaury 31, 1999 and ending on [______________]continuing thereafter up through and including October 31, 1999.

Compensation of Developer. As compensation for the services hereunder, Owner agrees to pay Developer a fee in the amount of $[_________]300,000, which fee shall be paid as follows: (i) 50% $150,000 due and payable upon the earlier to occur of (a) [______________] November 30, 1998 or (b) closing on the financing for the Project and (ii) 10% $25,000 due and payable on the last business day of each of the five successive calendar months month commencing on [___________] December 31, 1998 and ending on [______________]continuing thereafter up through and including May 31, 1999.

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 [______________].