Development Fee Payments Sample Clauses

Development Fee Payments. 3.1 Services Rendered Prior to the date of this Agreement. The Parties acknowledge and agree that Developer has earned the sum of $121,000 for services rendered, that said amount is reasonable in relation to the work performed, is fully earned as of that date and said amount shall be paid in any event notwithstanding the termination of this Agreement. The Parties further acknowledge and agree that the Owner has accrued the Development Fee of $121,000, under its method of accounting, and has reported the Development Fee expense on its 2000 income tax return.

Development Fee Payments. The Development Fee shall be paid to the Developer from Capital Contribution payments received by the Owner in accordance with Section 9.2(b) of the Partnership Agreement. If the Development Fee is not paid in full in accordance with Section 9.2(b) of the Partnership Agreement then the balance of the Development Fee shall be paid from available Net Operating Income in accordance with the terms of Section 11.1 of the Partnership Agreement, but in the event later than December 21, 2009. Also, if the Development Fee is not paid in full in accordance with Section 9.2(b) of the Partnership Agreement then the unpaid portion shall accrue interest at a rate equal to the 5-year Treasury money rate in effect as of the date of the last Capital Contribution payment referenced in Section 7.2(b) of this Agreement.

Development Fee Payments. To the extent permitted under the applicable ordinances and regulations, Seller shall allow Buyer to pay any fees and costs, or other applicable fees prior to occupancy, rather than prior to building permit issuance.

Development Fee Payments. Isis agrees to pay to RoboDesign all development fees as set forth on Exhibit F (the "Development Fees") within [***] days of the applicable due date specified on Exhibit F by wire transfer to a bank account designated by RoboDesign or by check payable to RoboDesign. In the event any payment of the Development Fees are not made when due such unpaid Development Fees shall bear interest at the rate of [***]% per month, or the maximum rate as permissible by law, whichever is less. All Development Fees shall be non-refundable.

Development Fee Payments. Payment of Development Fee. The Development Fee shall be paid to the Developer from Capital Contribution payments received by the Owner in accordance with Section 9.2(b) of the Operating Agreement. If the Development Fee is not paid in full in accordance with Section 9.2(b) of the Amended Operating Agreement then the balance of the Development Fee shall be paid from available Net Operating Income in accordance with the terms of Section 11.1 of the Operating Agreement, but in no event later than December 21, 2010. Also, if the Development Fee is not paid in full in accordance with Section 9.2(b) of the Operating Agreement then the unpaid portion shall accrue interest at a rate equal to the 5-year Treasury money market rate in effect as of the date of the last Capital Contribution payment referenced in Section 7.1(b) of the Operating Agreement.

Development Fee Payments