Park Fee Credit Sample Clauses

Park Fee Credit. Developer and City agree that the park in-lieu fee amount will be Nine and 40/100ths Dollars ($9.40) per square foot (unless City adopts a lower fee in which case the lower fee shall apply), increased annually by the CPI for the San Francisco-Oakland area, with the first increase implemented in January 2017 reflecting 2016 increases.Developer is eligible for partial park fee credit of thirty five percent (35%) of the land area devoted to private recreational area on site.
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Park Fee Credit. Agency hereby agrees to cause to be provided a Park Fee Credit to Developer for Phase B of the Project pursuant to the terms of that certain Cooperation Agreement (Park Fee Credits) entered into between Agency and City and dated as of July 1, 2007, in the full amount of the park fees to be charged to the Phase B Developer by the City. Postponed Developer Fee. Section 203 of the Original Agreement requires Phase B Developer to delay and postpone disbursement of not less than fifty percent (50%) of the portion of the Developer Fee for Phase B which is not Deferred Developer Fee. Phase B Developer intends to defer payment of a portion of its Developer Fee for Phase B. The parties agree that the Postponed Developer Fee for Phase B shall equal not less than fifty percent (50%) of the portion of the Developer Fee for Phase B which is not Deferred Developer Fee. It is presently anticipated that the Developer Fee for Phase B will be $2,500,000, and that $1,300,000 of the Phase B Developer Fee will be Deferred Developer Fee. Therefore, assuming the amount of the Deferred Developer Fee for Phase B does not change, (a) the portion of the Developer Fee for Phase B which is not Deferred Developer Fee will be $1,200,000, and (b) at least $600,000 of the Developer Fee will be Postponed Developer Fee and will be paid no earlier than completion of construction of Phase B.
Sample 1
Park Fee Credit. Developer may receive partial park fee credit for certain trails and trail improvements constructed by Developer. Developer and City agree that the park in-lieu fee amount will be $9.40 per square foot, increased annually by the CPI for the San Francisco-Oakland area, with the first increase implemented in January 2017 reflecting 2016 increases. However, if a lower fee is established by the City Council in accordance with the provisions of the Pittsburg Municipal Code, than that fee shall apply.
Sample 1
Park Fee Credit. Developer shall be entitled to credit against the Estimated Park DIFs only, without interest, for the Park Costs actually incurred by Developer not-to- exceed the Estimated Park DIFs approved by City (“Park DIF Credits”). Developer shall provide documentation substantiating the Park Costs required to construct the Park Facilities and such other documentation as may be requested by City. City’s approval and verification of the Park Costs shall not be unreasonably withheld, delayed or conditioned. Upon approval of Park Costs by the City, Developer shall receive a credit against Park DIFs under Ordinance No. 1095 in an amount equal to the Park Costs approved by City. No Park DIF Credits shall be available to Developer for Park Costs in excess of the Estimated Park DIFs applicable to the Property. Park DIF Credits shall not be available for credit against any other fees, taxes or charges including development impact fees charged by the City which shall continue to apply in full force and effect.
Sample 1
Park Fee Credit. Agency hereby agrees to cause to be provided a Park Fee Credit to Developer for Phase A of the Project pursuant to the terms of that certain Cooperation Agreement (Park Fee Credits) entered into between Agency and City and dated as of July 1, 2007, in the full amount of the park fees to be charged to the Phase A Developer by the City.
Sample 1

Related to Park Fee Credit

  • Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.

  • Commitment Charge; Credit (a) The Borrower shall pay a commitment charge on the unwithdrawn amount of the Loan at the rate and on the terms specified in the Loan 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.

  • Commitment Fee The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under each Facility in accordance with its Pro Rata Share, a commitment fee equal to the Applicable Rate with respect to commitment fees times the actual daily amount by which the aggregate Revolving Credit Commitment exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans (which shall exclude, for the avoidance of doubt, any Swing Line Loans) and (B) the Outstanding Amount of L/C Obligations; provided that (x) any commitment fee accrued with respect to any of the Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time and (y) no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Facility, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the Closing Date, and on the Maturity Date for the Revolving Credit Facility. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Service Credit Time spent on authorized leaves of absence without pay will count towards seniority, including service credit for annual step increases, layoff purposes, and for computing the amount of vacation leave, provided the employee is properly returned to service and is not serving a probationary period. Employees that do not return to service from a personal leave of absence shall not receive service credit for the time spent on such leave.

  • College Credit Plus A. The opportunity to teach any course offered by the district through College Credit Plus (CCP) shall be offered to all members of the bargaining unit who are qualified to teach the course.

  • Letter of Credit Fees The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance, subject to Section 2.16 with its Applicable Revolving Credit Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all past due Letter of Credit Fees shall accrue at the Default Rate.

  • Commitment Charge; Credit; Maturity Premium (a) The Borrower shall pay a commitment charge on the unwithdrawn amount of the Loan at the rate and on the terms specified in the Loan Agreement.

  • Applicable credit limit Each supplementary cardmember must not carry out card transactions such that the outstanding balance incurred by such supplementary cardmember exceeds the lower of the credit limit assigned to such supplementary cardmember or the account credit limit. The basic cardmember and all supplementary cardmembers must not carry out card transactions such that the total outstanding balance respectively incurred by them exceeds the combined credit limit.

  • Commitment Fees (i) On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five percent (5%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.

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