Developer Payment Sample Clauses

Developer Payment. As used in this Section 1, the term "Developer Payment" shall mean an amount equal to Eight Hundred Twenty-Five Thousand Dollars ($825,000) plus interest at the rate equal to five percent (5%) which shall commence to accrue as of the date the Agency provides the Agency Contribution.
Sample 1
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Developer Payment. Developer shall make payment to the City an amount of Nine Thousand Dollars and No Cents ($9,000.00) within 45 days of execution of this Agreement. This amount is equivalent to the difference in price of the cost estimates for the City’s Improvements described in Section 2 and the Developer’s Improvements described in this Section. Payment shall be made to the Finance Office at 000 Xxxxx Xxxxxx, Xxxxx Xxxx, Xxxxx Xxxxxx, 00000.
Sample 1
Developer Payment. The Developer herewith agrees to pay the Fair Share Payment to the City in the form of a certified check payable to the City of Port Orange in an amount as set forth in Development Exhibit “A-2.” Upon the City’s receipt of the payment from the Developer, the funds shall become the property of the City. The payment must be deposited with the City within 30 days of the city council’s approval of this Agreement and shall be required prior to the issuance of a Development Order for the Development.
Sample 1
Developer Payment. The first $1,000,000 of Surplus Moneys (the “Developer Payment”) shall be paid to ABPC, provided, however, that during the first and last Lease Years, such Developer Payment amount shall be prorated for the actual number of months in said years.
Sample 1
Developer Payment. Concurrently with its execution of this Agreement, the Developer will pay $XXXXX to the Regional District as a contribution towards the Regional District’s costs (including all fees and disbursements) of obtaining the Reports and Services (“Developer Contribution”)
Sample 1
Developer Payment. Developer shall deliver to the Town within fifteen (15) days from the Effective Date, the sum of $50,000 (the “Developer Payment”) to pay for Professional Services and related expenses incurred by the Town. Fees for all Professional Services to be covered by the Developer Payment other than the services to be provided by the Town’s financial advisor and Town staff shall be evidenced by periodic invoices that describe the work performed by date and time entries (copies of which invoices shall be provided to Developer). The Town will separately account for staff time and submit accounting of same to Developer. The funds to cover said Professional Services shall be deposited in a segregated account and not be commingled with any other Town funds. If the cost of Professional Services exceeds the Developer Payment, the Developer may elect to: (i) make an additional payment of $25,000 to be deposited by the Town and utilized in the same manner described above, or (ii) negotiate in good faith to amend this Agreement to provide for a reasonable amount of additional payment by Developer. The payment(s) made by the Developer under this Agreement are not contingent upon any outcome of the negotiations between the Town and the Developer.
Sample 1
Developer Payment 
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Related to Developer Payment

  • Construction Management Fee The Construction Management Fee for the Project shall be either a ☒Lump Sum or ☐Not-To-Exceed Fee of Twenty-Two Thousand, Eight Hundred Forty-Nine Dollars and Fifty-Two Cents ($22,849.52). unused funds will be returned to the School District at the time of construction closeout. Fee will be paid only on cost of work for these items. Exhibit C- Project Assignment Page 2 of 4

  • License Fee The Licensee to shall make payment of the License Fee to Licensor on the date of this Agreement. All rights granted to Licensee by Producer in the Beat are conditional upon Licensee’s timely payment of the License Fee. The License Fee is a one-time payment for the rights granted to Licensee and this Agreement is not valid until the License Fee has been paid.

  • Franchise Fees Lessee will maintain in full force and effect, and pay or cause to be paid all fees and other charges payable pursuant to, any Franchise Agreement with respect to the Hotel.

  • Earn-Out Payment (a) The Parties intend for Seller and Buyer to operate and manage the Business after the Closing Date pursuant to the Operating Plan in substantially the form attached hereto as Exhibit J. In the event of any conflict between the Operating Plan and this Agreement, the terms of this Agreement shall control. Subject to the terms of this Section 2.6, Seller will be entitled to receive, as an earn out payment, an amount not to exceed Four Million Dollars ($4,000,000) in ***Confidential Treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission. cash (the “Earn Out Cash”) and 76,300 shares of in InPhonic Common Stock having a value of Two Million Dollars ($2,000,000) as of the Effective Date, (which number of shares was obtained by dividing (a) $2,000,000 by (b) the average closing market price for InPhonic’s Common Stock on the NASDAQ Stock Market (excluding after-hours trading) for the ten (10) day trading period preceding the Effective Date (the “Earn Out Stock”), (together, the Earn Out Cash and Earn Out Stock, the “Earn Out Payment”). In accordance with Section 2.6(b), the Earn Out Payment will be received by Seller in four quarterly installments over the course of the twelve month period beginning on the Effective Date and ending on December 31, 2005 (the “Measuring Period”) based upon the number of Activations (as defined herein below) achieved by Seller during the Measuring Period, provided that upon Seller earning the Earn Out Payment or any portion thereof, the portion of the Earn Out Payment shall be deemed “Held In Trust” for the Benefit of A1 Wireless USA, Inc.” while in the custody of the Escrow Agent, provided that there are not any indemnity claims by Buyer or the earned portion of the Earn Out Payment exceed the Indemnification Cap. For purposes of determining whether Seller is entitled to any Earn Out Payment during any Quarterly Measuring Period, on or before the tenth day following the end of each Quarterly Measuring Period, Buyer shall cause to be prepared and delivered to Seller a quarterly statement setting forth the actual number of Activations achieved (i) during the respective Quarterly Measuring Period and (ii) for each month of the Quarterly Measuring Period (each, a “Quarterly Activation Statement”). Each Quarterly Activation Statement will also set forth the amount, if any, of the Earn Out Payment due to Seller for such Quarterly Measuring Period, and the basis for Buyer’s calculation. If, within ten (10) days following receipt of any Quarterly Activation Statement, Seller has not given Buyer written notice of its objection to such Quarterly Activation Statement (which objection notice must contain a reasonable statement of the basis of Seller’s objection) (the “Notice of Objection”), then such Quarterly Activation Statement shall be deemed accepted by Seller and will be used to determine whether Seller is entitled to any Earn Out Payment for that Quarterly Measuring Period. If Seller provides the Notice of Objection to Buyer, Seller and Buyer will have fifteen (15) days to resolve the dispute in good faith among themselves. If Seller and Buyer have not resolved their dispute within such fifteen (15) day period, then Seller and Buyer shall resolve their dispute in accordance with the Arbitration Procedures set forth in Section 2.6(f) below. During the 15-day period Seller shall have the right, and Buyer shall give access during this period, to inspect Buyer’s books and records used in connection with Buyer’s determination of the amounts due to Seller set forth in the Quarterly Activiation Statement.

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