Development Fee. A fee for the packaging of a Property or Mortgage, including the negotiation and approval of plans, and any assistance in obtaining zoning and necessary variances and financing for a specific Property, either initially or at a later date.
Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition of the fees and the high cost adjustment, which is approximately $200,000.
Development Fee. The price to be paid by the Owner to the Developer for development, pre-marketing, design and other services rendered pursuant to this Agreement is as set forth on Schedule A attached hereto, as the same may be amended by mutual agreement of the parties from time to time.
Development Fee. If the Advisor or an Affiliate provides the development services, the Company shall pay the Advisor Development Fees in amounts that are usual and customary for comparable services rendered to similar projects in the geographic market; provided, however, that a majority of the Independent Directors must determine that such Development Fees are fair and reasonable and on terms and conditions not less favorable than those available from unaffiliated third parties. Development Fees will include the reimbursement of the specified cost incurred by the Advisor of engaging third parties for such services. The Advisor, in its sole discretion, may waive, reduce or defer all or any portion of the Development Fee to which it would otherwise be entitled. Notwithstanding the above, the Advisor may engage (on behalf of the Company) third parties to provide development services pursuant to its authority under Section 2.03 and pay such third parties all applicable Development Fees.
Development Fee. The total development fee payable to the Developer as set forth in the Development Agreement.
Development Fee. The Advisor shall receive a Development Fee (defined below) with respect to each Real Property for which the Advisor provides Development Services (defined below) or Development Oversight Services (defined below), either in connection with the acquisition of such Real Property (including, without limitation, forward commitment acquisitions), the stabilization of such Real Property (including, without limitation, development or value add transactions), or both (any of the foregoing being “Development Real Properties”). In connection with providing services related to the development, construction, improvement or stabilization, including tenant improvements, of Development Real Properties (collectively, “Development Services”) or overseeing the provision of these services by third parties on behalf of the Corporation (“Development Oversight Services”), the fee (the “Development Fee”) will be an amount that will equal up to 4.0% of Total Project Cost of such Development Real Property (or the Corporation’s proportional interest therein with respect to Real Property held in Joint Ventures or other entities that are co-owned). If the Advisor engages a third party to provide Development Services directly to the Corporation, the third party shall be compensated directly by the Corporation, and the Advisor shall receive the Development Fee if it provides the Development Oversight Services. The total of all Development Fees and Acquisition Expenses paid by the Corporation with respect to any Real Property shall not exceed 6% of the Contract Purchase Price or the Total Project Cost (as applicable) of such Real Property unless Development Fees in excess of such amount are approved by a majority of the Board of Directors, including a majority of the Independent Directors.
Development Fee. The fee payable to the Advisor pursuant to Paragraph 9(b).
Development Fee. A quarterly development fee of up to 5.00% of the total development cost of each Company property, excluding land; provided that such fee shall only be charged if it is net of the fee being charged by the developer of such property or there is no outside developer of such property. The Manager may, in its sole discretion, waive its development fee, in whole or in part. The Manager will forfeit any portion of the development fee that it waives.
Development Fee. A Professional Employee who receives approval from the appropriate Vice President for Internet course delivery will receive a one-time, first-time development fee of $600 per credit hour upon successful implementation of the course.
Development Fee. If the Advisor or an Affiliate of the Advisor provides development/ redevelopment related services, the Company shall pay the Advisor or the Affiliate of the Advisor, as the case may be, a Development Fee that is usual and customary for comparable services rendered for similar projects in the geographic market where services are provided; provided, however, that the Company shall not pay a Development Fee to the Advisor or an Affiliate of the Advisor if the Advisor elects to receive an Acquisition and Advisory Fee in connection with the respective development/redevelopment project.
