Development Management Fee. Feld shall receive a developmenx xxnagement fee equal to $1,000 per unit. Such development management fee shall be payable from monthly draws on the Construction Loan, on a percentage of completion basis as certified by the Construction Consultant.
Development Management Fee. As compensation for Development Manager's services rendered in connection with the Parking Garage Project, DSA shall pay to Development Manager a "Development Management Fee" in the amount of four percent (4%) of the total hard and soft costs incurred with respect to the Parking Garage Project.
Development Management Fee. For the performance of the Manager’s services under this Agreement, the Owner shall pay the Manager the following management fee (the “Development Management
Development Management Fee. The Development Management Fee set forth on Exhibit D is hereby reduced to 4.0% of Total Managed Costs, but only with respect to each Approved Investment that is approved by the Executive Committee after the Effective Date. For the avoidance of doubt, the Development Management Fee for each Approved Investment that was approved by the Executive Committee prior to the Effective Date shall continue to equal 4.5% of Total Managed Costs.
Development Management Fee. With respect to a Project for which the Company is undertaking development activities previously approved by the Members or the Management Committee, the Manager shall be entitled to receive a development management fee equal to four percent (4.0%) of total development costs with respect to such Project; provided, however, that land costs, capitalized interest and financing costs related to development activities shall not be included in total development costs for purposes of calculating the development management fee. The development management fee shall be payable pro-ratably over the course of the development period, as development costs are funded.
Development Management Fee. Xxxx shall receive a development management fee equal to $1,000 per unit. Such development management fee shall be payable from monthly draws on the Construction Loan, on a percentage of completion basis as certified by the Construction Consultant.
Development Management Fee. First, to the General Partner (or other Affiliate of the General Partner) for the Development Management Fee (as defined below) in accordance with the Development Management Agreement (as defined below) until the Development Management Fee has been fully paid. The Partners acknowledge and agree that the Development Management Fee will be paid as an expense of the Partnership, and, unless otherwise agreed to be deferred by the General Partner, will be paid before Net Cash Flow is available.
Development Management Fee. For and in consideration of the development management services rendered by the Managing Member hereunder, the Company shall start paying to the Managing Member the Development Management Fee in equal monthly installments, immediately after closing .
Development Management Fee. (a) The Partnership shall pay to an Affiliate of TMLP, a development fee for development services in amounts to be set forth in the Project Development Budget, payable fifty percent (50%) on the date of the Construction Loan Closing, and the balance in twenty-four (24) equal monthly installments thereafter; provided, however, if any portion of such fee remains unpaid at the time of the Grand Opening, such unpaid portion shall become due and payable not later than thirty (30) days following such date. Except as provided in Sections 9.8 and 9.12 herein, such fee shall cover, without limitation by way of enumeration, all costs of administering the Project, including, for example, salaries, overhead, travel, and all other out-of-pocket costs. The terms and conditions applicable to such development fee shall be set forth in a Development Agreement to be entered into between the Partnership and the applicable Affiliate of TMLP, which Development Agreement shall be subject to the prior Consent of OAI.
(b) The Partnership shall pay to OAI or an Affiliate designated by OAI a development fee in the amount of $10 million, which fee shall be payable in quarterly installments of $1,250,000. Such quarterly installments shall begin to accrue beginning with the first quarter of 1998 but shall not be due and payable until thirty days following the end of the quarter in which the Project Commencement Date occurs. Subsequent quarterly installments shall be due and payable within 30 days following the end of each successive quarter until such fee shall have been paid in full. The development fee to be paid to OAI pursuant to this Section shall be included as a line item in the Project Development Budget. The balance, if any, remaining unpaid as of the date of the Grand Opening shall become due and payable not later than thirty (30) days following such date.
(c) The Partners contemplate that OAI may perform certain additional services on behalf of the Partnership in connection with, among other things, the negotiation of agreements with applicable governmental agencies with respect to TIF arrangements. In such event, the Partnership shall pay to OAI certain consulting fees in amount to be agreed upon by the Partners and to be set forth in the Project Development Budget. The Partnership shall enter into a separate Consulting Agreement to confirm the terms and conditions governing such additional services and the additional fees to be paid for such additional services. 29
Development Management Fee. As consideration to the Developer for the full and complete performance of the D&C Work in connection with the Arena Project, the City acknowledges that the Developer will be entitled to be paid a development management fee equal to two percent (2%) of the out-of- pocket administrative, design and capital expenditures (excluding any subcontractor mark- up, margin or costs for insurance or any performance security) (the “Project Costs”) for the Arena Project (the “Development Management Fee”). The Development Management Fee will be exclusively and solely paid from Bond proceeds in accordance with the Financing Documents and the Developer will have no recourse to the City or any City Affiliate for payment of the Development Management Fee. The Financing Documents will require that on Financial Close the Developer will be entitled to receive an amount equal to $2,000,000 in order to retroactively compensate the Developer for its Work on the Project up and until Financial Close. The Financing Documents will also require the remaining portion of the Development Management Fee to be paid to the Developer based on a percentage of total completed D&C Work (as defined in the Arena Lease) for the Arena, with 100% of the Development Management Fee paid at Substantial Completion of the Arena.
