Developer’s Phase 1A Payment Request. Prior to the disbursement of any amounts to pay the Developer’s Phase 1A Contract Sum, Developer shall provide the Executive Director with a Developer’s Phase 1A Payment Request, together with all of the items described therein. Each Developer’s Phase 1A Payment Request shall show (i) the Developer’s Phase 1A Infrastructure Improvements Costs incurred or to be incurred by Developer and for which Developer has made or intends to make actual payment prior to the next Developer’s Phase 1A Payment Request and (ii) the Stipulated Developer’s Phase 1A Infrastructure Improvements Overhead Amount with respect to such Developer’s Phase 1A Infrastructure Improvements. The form of Developer’s Phase 1A Payment Request attached hereto as Exhibit K-1 may be modified or replaced by Developer, subject to the consent of Authority provided or withheld in Authority’s sole discretion. Each Developer’s Phase 1A Payment Request shall be delivered in the following manner (or by such other means as is reasonably agreed to by the Developer and the Authority): Developer shall send by electronic mail to the Authority Email Addresses a notice that the Developer’s Phase 1A Payment Request and supporting documentation have been uploaded to an internet website, the link to which shall be included in such email notice. Authority shall send confirmation to the Developer by electronic mail once Authority has successfully accessed the Developer’s Phase 1A Payment Request. The Authority shall not have an obligation to make payment to Developer unless and until Developer provides the Executive Director with a Developer’s Phase 1A Payment Request, together with all of the items described therein (including the Architect’s Certificate), and such Developer’s Phase 1A Payment Request is approved by the Executive Director as provided below.
