No Payment of Developer Fee Sample Clauses

No Payment of Developer Fee. Developer shall not have disbursed (or permitted disbursement of) any portion of the Developer Fee; the entire Developer Fee shall be made available to pay costs of Construction prior to disbursement of any Additional Agency Loan proceeds. Developer hereby acknowledges and agrees that no portion of the Developer Fee may be disbursed prior to completion of the Construction and that the entire Developer Fee shall be made available by Developer and used to pay costs of Construction, if and to the extent required, and prior to disbursement of any portion of the Additional Agency Loan. Upon completion of the Construction of the Project, if no portion of the Additional Agency Loan was disbursed to or on behalf of Developer, then to the extent funds are available to Developer to pay the Developer Fee, Developer may pay the Developer Fee as provided in the approved Partnership Agreement and that certain [Development Services Agreement by and between Developer and , dated as of , 2010.] Agency shall have no obligation to disburse any portion of the Additional Agency Loan if any portion of the Developer Fee is paid out prior to completion of the Construction, to the reasonable satisfaction of Agency’s Executive Director and in accordance with all requirements of the AHA, including the Scope of Development, Basic Concept Drawings, Design Development Drawings, Building Permit Drawings, and issued building permits, all as approved by Authority, Agency, and City.
Sample 1
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Related to No Payment of Developer Fee

  • Payment of Fee The cash management fee referred to in Clause 9.1 (Fee Payable) shall only be payable to the Current Issuer Cash Manager on each Payment Date in the manner contemplated by, in accordance with and subject to the provisions of the Current Issuer Pre-Enforcement Revenue Priority of Payments or, as the case may be, the Current Issuer Post-Enforcement Priority of Payments.

  • Payment of GST If GST is payable on any supply made by a Party (or any entity through which that Party acts) (Supplier) under or in connection with this Agreement, the recipient will pay to the Supplier an amount equal to the GST payable on the supply.

  • Payment of Deposit The Buyer must pay the Deposit to the Developer. The Developer agrees to accept the payment of the Deposit in 2 instalments as follows:

  • Monthly Fee 2.1 The monthly fee is € . The monthly fee includes value-added tax at the statutory rate, which is currently 19%. In the event of changes to the statutory value-added tax payable and/or if any additional taxes/levies have to be paid, the fee specified above may be recalculated accordingly.

  • Annual Fee As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,000.

  • Late Payment Fee If your account is subject to a Late Payment Fee, the fee will be charged to your account when you do not make the required minimum payment by or within the number of days of the statement Payment Due Date set forth on the Disclosure accompanying this Agreement.

  • Termination Fee Charge A. In the event the Judicial Council terminates this Agreement pursuant to the “Termination Other Than for Cause” provision, as set forth in Exhibit A, the Judicial Council may be charged a Termination Fee, not to exceed the amount specified in Exhibit G.

  • Incentive Fee The Incentive Fee shall consist of two parts, as follows:

  • Payment of Deposits In the event any depositor does not accept the obligation of the Assuming Institution to pay any Deposit liability of the Failed Bank assumed by the Assuming Institution pursuant to this Agreement and asserts a claim against the Receiver for all or any portion of any such Deposit liability, the Assuming Institution agrees on demand to provide to the Receiver funds sufficient to pay such claim in an amount not in excess of the Deposit liability reflected on the books of the Assuming Institution at the time such claim is made. Upon payment by the Assuming Institution to the Receiver of such amount, the Assuming Institution shall be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Deposit liability paid to the Receiver.

  • Transfer Fee There must be paid to the Company, in relation to the registration of any transfer, the amount, if any, determined by the directors.

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