Developer Fees. As full compensation for its undertaking and performance of the Developer Services, the Developer and/or its Affiliates shall be entitled to earn and receive developer fees with respect to each Phase of the Revitalization Plan. These developer fees shall be paid solely from syndication proceeds or other development financing sources. The City acknowledges such developer fee with respect to Rental Phase 1 is limited by the NCHFA to $1,000,000, and authorizes payment of such amount provided that the City bears no responsibility for such payment and the fee will not be paid from proceeds of the City Loans
Developer Fees. Notwithstanding the foregoing, upon the sale of any property purchased with the loan, the lender would receive a developer fee of 10% of sale price/amount of each property sold that was bought with the loan until the Credit Line has been repaid in full and all of Borrower’s other obligations to Lender hereunder have been fully paid and discharged.
Developer Fees. On or before issuance by the City of a building permit to Developer, Developer shall pay all development fees, administrative costs and provide a landscaping letter of credit in the amount of 150% of the value of the landscaping improvements. Upon completion of the landscaping improvements and approval by the City, the letter of credit shall be reduced to 50% of the initial value and retained for a one- year warranty period. Upon completion of the one-year warranty period the City will reinspect the landscaping improvements, at which time the letter of credit can be released upon final approval by the City.
Developer Fees pay any developer fees in respect of the RWB Properties, provided that the Facility B Borrowers may pay management fees in the normal course which have been approved by the Lender in its sole discretion;
Developer Fees. CHDO shall receive “Developer Fees” from the Home Funds in an amount not to exceed [insert dollar amount]. Payment of Developer Fees shall be disbursed as follows:
a. Ten percent (10%) of the Developer Fee shall be disbursed when construction of the Project is deemed twenty-five percent (25%) complete based on the approved construction contract draw schedule;
b. Ten percent (10%) of the Developer Fee shall be disbursed when construction of the Project is deemed fifty percent (50%) complete based on the approved construction contract draw schedule;
c. Forty percent (40%) of the Developer Fee shall be disbursed when construction of the Project is deemed seventy-five percent (75%) complete based on the approved construction contract draw schedule;
d. Thirty-five percent (35%) of the Developer Fee shall be disbursed when CHDO receives a Certificate of Use and Occupancy from the Department of Codes and Building Safety; and
e. Five percent (5%) of the Developer Fee shall be disbursed upon MDHA’s receipt of the items listed in paragraph F. below.
Developer Fees. Perpetual is primarily liable to Higher Power to pay Developer Fees under Paragraph 3(a) of the Developer Agreement and shall pay such Developer Fees as they become due and payable. In accordance with Paragraph 5(a) of the Developer Agreement, Higher Perpetual is obligated to pay such Developer Fees in the event that Perpetual fails to pay such Developer Fees, Higher Perpetual shall pay such amounts within 30 days of the due date therefor. In the event that none of Perpetual, Higher Perpetual or any other Person pays such amounts, the Company shall pay such amounts. In the event that the Company pays any portion of the Developer Fees for any Wind Farm (the “Affected Wind Farm”), Higher Perpetual shall repay to the Company such amounts, with interest accrued thereon at the rate of 15% per annum from the date of such payment to but excluding the date of such payment. Any such payments by Perpetual or Higher Perpetual shall not be treated as Capital Contributions. If Higher Perpetual fails to pay such amounts to the Company, without further action, the Sharing Ratio and Voting Ratio of Higher Perpetual expressed as a percentage shall be equal to the Sharing Ratio and Voting Ratio of Higher Perpetual immediately before such failure minus (i) an amount equal to the Expected Capacity of the Affected Wind Farm at such time, divided by (ii) an amount equal to the Aggregate Expected Capacity at such time (the “Reduction Amount”) and the Sharing Ratio and Voting Ratio of XxXxxx expressed as a percentage shall be equal to the Sharing Ratio and Voting Ratio of XxXxxx immediately before such failure plus the Reduction Amount. In addition, Higher Perpetual’s entitlement to any Accrued Preferred Return for any Capital Contributions for the Affected Wind Farm shall thereafter at all times be equal to $0. The Company and XxXxxx may exercise any of their rights and remedies under applicable law, including any set-off rights.
Developer Fees. Subject to the Project Owner’s election to defer development fees, the following schedule shall apply to the payment of development fees as approved in the financial spreadsheet contained in Appendix D:
(a) 25 percent of total development fees at closing;
(b) 25 percent at construction completion (as approved by KHC);
Developer Fees. (a) The development fee set forth in the Approved Budget shall be disbursed (i) twenty-five percent (25%) on the Closing Date, and (ii) the balance funded monthly on a percentage of completion basis with each Disbursement Request, subject to the Borrower’s compliance with the requirements for Disbursements set forth herein.
(b) No other fees in connection with the development of the Project shall be paid to Borrower, Guarantor, Developer, or any Affiliate of Borrower or any of the foregoing entities, without the prior written consent of Lender except as expressly permitted under Section 6.12 of this Agreement.
Developer Fees. 5 Builders Risk Insurance. Will be quoted for this site at a later date. 6 Hazardous MATERIAL survey and abatement (if required).
Developer Fees. As full compensation for its undertaking and performance of Developer Services, the Developer (or a Developer Affiliate designated by it) shall be entitled to earn and receive developer fees from each Rental Owner Entity (the “Developer Fees”). The Developer and the Authority intend that the Developer Fee shall equal the maximum amount available, subject to approval by HUD. Developer shall not be obligated to move forward with a Rental Phase that, at Closing, reflects a paid Developer Fee (exclusive of such amounts as may be deferred and payable through cash flow) of less than ten percent (10%) of project costs (as defined in the HUD Cost Guidelines: total development costs of the Phase excluding all reserves and the Developer Fee itself). Developer agrees that to the extent it (or its Affiliate) receives paid Developer Fee in excess of 10% of project costs it will pay all such amount to the Authority pursuant to a subcontract with the Developer (or Developer Affiliate) in consideration for the Authority’s assistance with the Development Services. The Authority will use such amounts, up to an aggregate amount of two percent (2%) of project costs per Phase, to help implement the Human Capital Plan. The parties further agree, however, that to the extent the Phase Development Budget would sustain
