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 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. 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. 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. Developer shall receive “Developer Fees” from the Home Funds in an amount not to [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 DEVELOPER 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 Owner’s election to defer development fees, the following schedule shall apply to the payment of development fees as approved in the financial spreadsheet attached hereto as Exhibit B:
(a) 25 percent of total development fees at closing;
(b) 25 percent at construction completion (as approved by KHC);
Developer Fees. Zurich shall pay [...***...] for each individual developer named by Zurich who is granted access to the APIs as specified pursuant to Section 3.2 above. Zurich may transfer the developer license to an alternate named individual upon the reassignment of the prior named individual by Zurich or upon termination of the prior named individual's employment or consultancy with Zurich.
Developer Fees. The Developer agrees to pay or reimburse the SRA for a portion of its regular operating expenses for the Project incurred after July 1, 2021, including, without limitation, the salaries of board members, executives and staff members, marketing and advertising expenses, office supplies and postage, and insurance (such costs and expenses, “Reimbursable Expenses”). The Reimbursable Expenses are calculated as the Approved Budget less the 2020 Infrastructure Bond debt service amounts, which is provided for separately through Pledged Revenues and Assessments, charged through the Towns. Attached hereto as Exhibit B is the estimated annual budget of Reimbursable Expenses (the “Annual Budget”) which has been approved by the Developer for the Initial Term (the “Approved Budget”). On or before May 1st of each year this Agreement remains in effect, the SRA shall share the draft annual budget of Reimbursable Expenses for the upcoming SRA Fiscal Year (as defined below). In the event the event the annual budget for an SRA Fiscal Year during an extended term exceeds the Approved Budget, the Annual Expense Cap (as defined below) may increase by up to 3% for the First Extended Term and up to an additional 3%, on a pro rata basis, for the Second Extended Term to account for such increase. The SRA shall, on a monthly basis during the Term, provide to the Developer a monthly invoice of the Reimbursable Expenses that the SRA incurred during the preceding calendar month (the “Monthly Invoice”). The Monthly Invoice shall be provided to the Developer not less than five (5) days prior to the beginning of each calendar month. Promptly upon the request of the Developer, the SRA shall deliver reasonable information substantiating the basis of the estimated or actual Reimbursable Expenses in the Monthly Invoice, as the case may be, including without limitation whether or not it has received reimbursement for any expenses. The Monthly Invoice shall include supporting documentation (including copies of invoices from third parties whenever reasonably possible). If the SRA consistently fails to provide such estimate, invoices or substantiation of such costs to the Developer within a reasonable period of time after receiving notice of such failure from the Developer, the Developer shall have no obligation to pay for such Reimbursable Expenses until the SRA provide such estimates or invoices to the Developer. By no later than the twentieth day of the month following receipt of the Monthly In...
Developer Fees. At the time of execution of this Agreement, the Developer shall pay the following fees related to the development of the Subdivision (See Attachment C for breakdown of costs):
a. Park Dedication The Park Dedication Fee for this site is calculated as follows: $86,200 x 10% = $8,620.
b. Trunk Sewer Unit Charges The City established trunk unit charges to uniformly distribute the costs of public trunk sanitary sewer infrastructure. Developer previously paid the SAC of $14,625 as part of the Building Permit fee.