Common use of Monitoring Fees Clause in Contracts

Monitoring Fees. Recipient shall pay, at such time as DHCR may require, an annual fee to DHCR of .5% multiplied by the maximum Restricted Rents of the Low-Income Portion of the Project or such other fee as DHCR may prescribe (the "Monitoring Fee"). The Monitoring Fee shall be paid by check made payable to New York State Division of Housing and Community Renewal, and shall be sent to the DHCR Finance Unit, 00-00 Xxxxx Xxxxxx, Xxxxxx, X.X. 12207, or to such other address as DHCR may direct. The check shall bear the Project's SHARS I.D. number and the words "Monitoring Fee".

Monitoring Fees. Recipient shall pay, at such time as DHCR may require, an annual fee to DHCR of .5% multiplied by the maximum Restricted Rents of the Low-Income Portion of the Project or such other fee as DHCR may prescribe (the "Monitoring Fee"). The Monitoring Fee shall be paid by check made payable to New York State Division of Housing and Community Renewal, and shall be sent to the DHCR Finance Unit, 00-00 Xxxxx Xxxxxx, Xxxxxx, X.X. 1220700000, or to such other address as DHCR may direct. The check shall bear the Project's SHARS I.D. number and the words "Monitoring Fee".

Monitoring Fees. Recipient shall pay, at such time as DHCR may require, an annual fee to DHCR of .5% multiplied by the maximum Restricted Rents of the Low-Income Portion of the Project or such other fee as DHCR may prescribe (the "Monitoring Fee"). The Monitoring Fee fee shall be paid by check made payable to New York State Division of Housing and Community Renewal, and shall be sent to the DHCR Finance Unit, 00-00 Xxxxx Xxxxxx, Xxxxxx, X.X. 1220700000, or to such other address as DHCR may direct. The check shall bear the Project's SHARS I.D. number and the words "Monitoring Feemonitoring fee".

Monitoring Fees. The Recipient shall pay, at such time as DHCR may require, an annual fee to DHCR of .5% multiplied by the maximum Restricted Rents of the Low-Income Portion of the Project or such other fee as DHCR may prescribe (the "Monitoring Fee"). The Monitoring Fee shall be paid by check made payable to New York State Division of Housing and Community Renewal, and shall be sent to the DHCR Finance Unit, 00-00 Xxxxx Xxxxxx, Xxxxxx, X.X. 12207, or to such other address as DHCR may direct. The check shall bear the Project's SHARS I.D. number and the words "Monitoring Fee".

Monitoring Fees. Recipient shall pay, at such time as DHCR may require, an annual fee to DHCR of .5% multiplied by the maximum Restricted Rents of the Low-Income Portion of the Project or such other fee as DHCR may prescribe (the "Monitoring Fee"). The Monitoring Fee shall be paid by check made payable to New York State Division of Housing and Community Renewal, and shall be sent to the DHCR Finance Unit, 00-00 Xxxxx Xxxxxx, Xxxxxx, X.X. 12207, or to such other address as DHCR may direct. The check shall bear the Project's SHARS I.D. number and the words "" NYS Low Income Housing Tax Credit Monitoring Fee".