Fee Credits. The Dreyfus-affiliated funds for which the Transfer Agent acts as transfer agent, as a group, shall be entitled to the following fee credits: General Credit: $86,000/year One-twelfth of the annual credit amount shall be applied to each monthly invoice (beginning with the invoice covering October 2005), and shall be allocated to each Fund pro rata based on number of accounts as of the end of the monthly billing period. Subject to the terms and conditions set forth in the Agreement, the Transfer Agent shall perform the following services:
Fee Credits. Park Impact Fees
1. Developer shall receive Park Impact Fee credits for the public parks and qualifying pocket parks (as described more particularly in Section 5.11.4 below), Developer constructs, as provided in this subsection.
2. The public park improvements eligible for fee credits are only those listed in Exhibit 13-1, unless additional park improvements are added by the City. The types of fee credits provided by City for public park, and qualifying pocket park, improvements constructed by Developer consist of the following:
a. City’s Contemplated AB 1600 Park Impact Fees; and
Fee Credits. The Offsite Traffic Improvements to be constructed directly by Owner are oversized Public Improvements in that Owner is conditioned to construct such improvements that the Parties agree are identified in the DIF Study and for which the cost will exceed the fees due for such improvements from the Project as specifically provided in the Traffic Study and approved by the City. In consideration for Owner, at its own cost and expense or through a community facilities district, funding and, if requested by the City, constructing such oversized Offsite Traffic Improvements, Owner shall receive credits towards the payment of amounts otherwise due and payable by Owner as Development Fees (“Owner’s Fee Credit”) provided the oversized Offsite Traffic Improvements are specifically identified in the DIF Study. TUMF credits are subject to the approval of WRCOG and only WRCOG can grant fee credits to TUMF in its discretion and subject to its rules. The City has no liability or obligations to collect or administer TUMF fees at this time. Alternatively, at the election of the Owner, oversized Public Improvements may be recovered by Owner under the procedures in Section 2.8.3(b) applicable to Additional Capacity
Fee Credits. “Fee Credits” means credits against EUC PBDIFs, Village 11 PBDIFs, and Traffic Signal Fees that Developer has received or may receive in the future from the City for Eligible Costs Developer incurred in designing and/or construction the Subject Facilities.
Fee Credits. All reimbursements due to Developer under this Agreement. The Town shall maintain an ongoing accounting of all credits and reimbursements eligible, due, collected, and paid under this Agreement.
Fee Credits. The Project shall be entitled to a credit against its Development Impact Fee obligations for the dedication of land and the construction of improvements or the payment of fees
Fee Credits. The City shall be notified of and will have the authority to review and comment on all County stormwater fee credit applications requested upon parcels within the City limits prior to such adjustments being made.
Fee Credits. For the planning, design, right-of-way acquisition and construction of infrastructure that qualify for credit pursuant to Chapter 4.45.110 of the City’s Municipal Code, the City shall grant to Landowner a credit for such costs applied against Landowner’s respective fee obligations for the Project in accordance with the process outlined in Exhibit D. Fee credits shall be granted in accordance with the procedures set forth in Section 4.45.110(B) of the City’s Municipal Code, or any successor provision thereof.
Fee Credits. The aggregate fees set forth in Sections 1, 2 and 3 above shall be reduced prospectively by crediting the Funds with such credits as the Funds have customarily received from custodians, plus an amount equal to 50% of the net pre- tax profits attributable to PFTC's custodian activities (before such extraordinary items as are not properly chargeable as an expense to purchasers of custodian services) to the extent such profits would increase PFTC's pre-tax profit margin attributable to such activities above 30% and by crediting the Funds an amount equal to 70% of such profits to the extent such profits would increase such margin above 40%. The customary credits referred to above shall be credited to the Funds quarterly, as part of the normal billing process. With respect to the credits, if any, attributable to PFTC's pre-tax profits, on or before the calendar quarter ending March 31 of each transition year. The Custodian shall apply the appropriate credit for the preceding calendar year against the custody fees billed to the Funds for such quarter and it shall apply the unapplied balance, if any, of such credit to the custody fees billed to the Fund in each successive quarter until such credit shall have been fully applied. The Custodian's calendar year-end financial statements (and the profit margin reflected therein) shall be reviewed by the independent public accountants of the Funds, and an appropriate adjustment to the credit, if any, due the Fund in respect of such year will be made following the end of the next succeeding quarter after which the amount of such adjustment is determined. The fee credits provided for above shall be allocated among the Funds on the basis of each Fund's pro rata share of the aggregate custody fees billed by the Custodian (before any fee reduction) or on such other basis as the Trustees of the Funds may from time to time determine.
Fee Credits. As part of the overall master planned development activities that have been carried out by Seller with respect to the Overall Project, certain building permit fee credits were created for Seller’s account (collectively, “Fee Credits”) by the governing agency that will issue building permits for the Property. Buyer has agreed to purchase the Fee Credits in an amount ultimately approved by the City for transfer and assignment to Buyer, which is estimated to be Eight Thousand Eight Hundred and Sixty-Five Dollars ($8,865) per residential unit, which amount shall not in any event exceed the City’s (or applicable agency’s) calculation of the amount that may be assigned to Buyer (“Fee Credits Price”). Following the Closing, at such time as Buyer pulls building permits for the units, Buyer will provide written notice thereof to Seller, in which event Seller shall execute all necessary documents and assignments to assign the Fee Credits for the number of units for which Buyer has requested building permits no later than five (5) calendar days after Buyer’s notice, and Buyer will pay the Fee Credits Price based on the number of building permits and the Fee Credits being assigned to Buyer in accordance with the City’s calculation thereof, upon receipt of such assignment.