Common use of Method of Payment of Development Costs Clause in Contracts

Method of Payment of Development Costs. On or about the 1st day of each month, Developer shall deliver to Owner and Development Consultant the Monthly Draw Package detailing the Development Costs that need to be paid. Owner shall within ten (10) calendar days, advance the funds to Developer necessary for payment and Developer shall promptly thereafter make such payments, or Owner may elect to make such payments directly.

Method of Payment of Development Costs. On or about the 1st day of each month, Developer shall deliver to Owner and Development Consultant the Monthly Draw Package detailing the Development Costs that need to be paid. Owner shall shall, within ten (10) calendar days, advance the funds to Developer necessary for payment and Developer shall promptly thereafter make such payments, or Owner may elect to make such payments directlydirectly to the party entitled thereto.

Method of Payment of Development Costs. On or about No later than fifteen (15) days after the 1st day end of each month, Developer shall deliver to Owner and Development Consultant the Monthly Draw Package detailing the Development Costs that need incurred as of and including the last day of the preceding month and the amounts to be paid. Owner shall within ten (10) calendar daysshall, subject to the provisions of Section 8.2 of this Agreement, advance to Developer the funds to Developer necessary for payment and Developer shall promptly thereafter make such payments, or Owner may elect to make such payments directly.