Land Trust Management Fee and Legal Defense Fee Sample Clauses

Land Trust Management Fee and Legal Defense Fee. The Subdivider shall pay a land trust management fee to the Land Trust payable within thirty (30) days after execution of this Conservation Easement, the total sum being Four Thousand Five Hundred Dollars and NO/100($4,500.00) and also payable within said thirty (30) day period, a legal defense fee in the amount of Two Thousand Five Hundred Dollars and NO/100 (2,500.00). The legal defense fee shall be further increased by the sum of One Hundred and Fifty Dollars ($150.00) per lot which is due and payable upon the conveyance of the lot(s) from the Subdivider to the individual purchaser. The Land Trust shall provide Subdivider with a statement of fee due in the form attached as Exhibit D for Subdivider to include with each lot conveyance. The statement shall include the name of the Subdivision, the amount of the fee due, and the remittance address. In addition, Subdivider shall insert the name and address of the individual buyer. Remittance shall be made within five (5) days of closing.
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