Developer’s Fee percent (_ %) of the Cost of the Work as described in Sections 2.1.1, 2.1.2, 2.1.3, 2.1.4 and 2.1.5.
Developer’s Fee percent (_ %) of the Cost of the Work as described in Section 2.1.
Developer’s Fee. Four and Ninety-Five Hundredths percent (4.95%) of the Cost of the Work as described in Section 2.1.
Developer’s Fee. Borrower shall cause Mortgagor to refrain from drawing $200,000 from the Senior Loan allocated toward the developer’s allowance (as set forth in the budget attached to the Senior Loan) until the payment in full of this Loan.
Developer’s Fee. The term “Developer’s Fee” shall have the meaning attributed to it in Section 5.1.
Developer’s Fee. A breach by the Borrower or Campus Crest Development, LLC of the Developer’s Fee Deferral Agreement.
Developer’s Fee. An amount not to exceed $ 10,000.00 in a HOME funds shall be provided to Xxxxx Xxxxxx Development Corporation from Year 2020 HOME Program funds for administration and coordination of the construction of the development of one (1)) single family unit within the Xxxxx Xxxxxx Community. Developer’s Fee will be dispersed when construction is 100% completed and a certificate of occupancy is received. Initial:
Developer’s Fee. An amount not to exceed One Million, Nine Hundred Thousand and no/100 Dollars ($1,900,000.00), if the Cost of Work, as defined in Sections 2.1.1, 2.1.2, 2.1.3 and 2.1.5.1, does not exceed Fifty Million and no/100 Dollars ($50,000,000.00). If the Cost of Work exceeds $50,000,000.00, then the fee will be Three and Ninety Five-Hundredths percent (3.95%) of the Cost of Work.
Developer’s Fee. As compensation for all of the services to be performed hereunder by Developer, the Authority agrees to pay to Developer and Developer agrees to accept payment for the performance of its services under this Agreement, a developer's fee ("DEVELOPMENT FEE") equal to five percent (5%) of total Project Costs, which Development Fee shall be payable monthly as such Project Costs are incurred, provided that the Authority shall be entitled to retain (a) ten percent (10%) of such Development Fee for the period from and after the date hereof through the date that the construction of the Project shall be fifty percent (50%) completed (the "PARTIAL COMPLETION DATE") and (b) five percent (5%) of such Development Fee for the period after the Partial Completion Date through the Completion Date. For the purposes of calculating the Development Fee only, "PROJECT COSTS" shall have the same meaning provided for in SECTION 1.1 hereof, reduced by (i) the purchase price of the Property and related closing costs under the Land Purchase Agreement, (ii) start-up and operating costs of the Authority until the Commencement Date and any pre-opening costs and initial operating capital of the Gaming Enterprise,(iii) payments of interest and scheduled principal payments prior to the Commencement Date, and financing fees and expenses, and (iv) the Development Fee. On the Completion Date, the Authority shall pay to Developer all outstanding retained amounts, less an amount equal to 125% of the sum reasonably sufficient to remedy work not yet performed, defective work known to exist and not yet remedied, and punch list items to be corrected to the satisfaction of the Development Business Board (all such work being referred to herein as the "REMEDIAL WORK"), provided further that the Completion Date shall not be deemed to have occurred until the Development Business Board has determined in writing that the building systems have been successfully completed such that the Gaming Facility is available to the Authority for its intended uses and Gaming operations. Notwithstanding anything to the contrary in the Disbursement and Escrow Agreement, the terms and provisions with respect to the payment of the Development Fee may not be amended without the prior written consent of Developer.
Developer’s Fee. As part of any change order initiated by Owner, Developer’s Fee shall be increased by percent ( %) of the amount of any increase in Project Costs resulting from such change, provided such __% fee shall not be levied on the increase in the Developer’s Fee (i.e., no fee on the fee). Developer shall not be entitled to an increase in the Overhead Allowance in connection with any such change order.
