Common use of Monetary Contributions Clause in Contracts

Monetary Contributions. 11.1 A monetary contribution is made for the purposes of this Agreement when cleared funds are deposited by means of electronic funds transfer into a bank account nominated by the Council. 11.2 The Developer is to give the Council not less than 2 business days' written notice of: 11.2.1 its intention to pay a monetary contribution, 11.2.2 the Public Facility to which the monetary contribution relates, and 11.2.3 the amount proposed to be paid. 11.3 The Developer is not required to pay a monetary contribution under this Agreement unless the Council, after having received the Developer’s notice under clause 11.2, has given to the Developer a tax invoice for the amount of the contribution that the Developer intends to pay and nominating the bank account into which the funds are to be deposited. 11.4 The Developer is not in breach of this Agreement if it fails to pay a monetary contribution at the time required by this Agreement by reason only of the Council’s failure to give to the Developer a tax invoice in relation to the amount proposed to be paid by the Developer.

Monetary Contributions. 11.1 A monetary contribution is made for the purposes of this Agreement when cleared funds are deposited by means of electronic funds transfer into a bank account nominated by the Council. 11.2 The Developer is Developers are to give the Council not less than 2 business days' days written notice of: 11.2.1 its their intention to pay a monetary contribution, 11.2.2 the Public Facility to which the monetary contribution relates, and 11.2.3 the amount proposed to be paid. 11.3 The Developer is Developers are not required to pay a monetary contribution under this Agreement unless the Council, after having received the Developer’s Developers’ notice under clause 11.2, has given to the Developer Developers a tax invoice for the amount of the contribution that the Developer intends Developers intend to pay and nominating the bank account into which the funds are to be depositedpay. 11.4 The Developer is Developers are not in breach of this Agreement if it fails they fail to pay a monetary contribution at the time required by this Agreement by reason only of the Council’s failure to give to the Developer Developers a tax invoice in relation to the amount proposed to be paid by the DeveloperDevelopers.

Monetary Contributions. 11.1 A monetary contribution is made for the purposes of this Agreement when cleared funds are deposited by means of electronic funds transfer into a bank account nominated by the Council. 11.2 The Developer is to give the Council not less than 2 business days' days written notice of: 11.2.1 its intention to pay a monetary contribution, 11.2.2 the Public Facility to which the monetary contribution relates, and 11.2.3 the amount proposed to be paid. 11.3 The Developer is not required to pay a monetary contribution under this Agreement unless the Council, after having received the Developer’s notice under clause 11.2, has given to the Developer a tax invoice for the amount of the contribution that the Developer intends to pay and nominating the bank account into which the funds are to be deposited. 11.4 The Developer is not in breach of this Agreement if it fails to pay a monetary contribution at the time required by this Agreement by reason only of the Council’s failure to give to the Developer a tax invoice in relation to the amount proposed to be paid by the Developer.

Monetary Contributions. 11.1 10.1 A monetary contribution is made for the purposes of this Agreement when cleared funds are deposited by means of electronic funds transfer into a bank account nominated by the Council. 11.2 10.2 The Developer is to give the Council not less than 2 business days' written notice of: 11.2.1 10.2.1 its intention to pay a monetary contribution, 11.2.2 10.2.2 the Public Facility to which the monetary contribution relates, and 11.2.3 10.2.3 the amount proposed to be paid. 11.3 10.3 The Developer is not required to pay a monetary contribution under this Agreement unless the Council, after having received the Developer’s notice under clause 11.210.2, has given to the Developer a tax invoice for the amount of the contribution that the Developer intends to pay and nominating the bank account into which the funds are to be deposited. 11.4 10.4 The Developer is not in breach of this Agreement if it fails to pay a monetary contribution at the time required by this Agreement by reason only of the Council’s failure to give to the Developer a tax invoice in relation to the amount proposed to be paid by the Developer.