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

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) $150,000 50% due and payable upon the earlier to occur of (a) November 30, 1998 [______________] or (b) closing on the financing for the Project and (ii) $25,000 10% due and payable on the last business day of each of the five successive calendar month months commencing on December 31, 1998 [___________] and continuing thereafter up through and including May 31, 1999ending on [______________].

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) $150,000 [_______] due and payable upon the earlier to occur of (a) November 30December 31, 1998 or (b) closing on the financing for the Project and (ii) $25,000 [_______] due and payable on the last business day of each calendar month commencing on December Janaury 31, 1998 1999 and continuing thereafter up through and including May October 31, 1999.