Payments to the General Partners and Others Sample Clauses

Payments to the General Partners and Others. (a) The Partnership shall pay to the Developer a Development Fee in the amount of $200,000 in accordance with the Development Fee Agreement entered into by and between the Developer and the Partnership on the even date hereof. The Development Fee Agreement provides, in part, that the Development Fee shall first be paid from available proceeds in accordance with Section 9.2(b) of this Agreement and if not paid in full then the balance of the Development Fee will be paid in accordance with Section 11.1 of this Agreement.
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Payments to the General Partners and Others. 27 9.3 Specific Powers of the General Partner ......... 29 9.4
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Payments to the General Partners and Others. (a) The Partnership shall pay to the Developer a Development Fee in the amount equal to the greater of (i) $1,211,213 or (ii) subject to the Special Limited Partner's reasonable determination that such higher amount may be included in the Eligible Basis of the Apartment Housing, 15% of the total development costs as stated in the cost certification provided by the Accountants and approved by the State Tax Credit Agency, pursuant to the Amended and Restated Development Fee Agreement entered into by and between the Developer and the Partnership on even date herewith; provided, however, that the Development Fee shall be reduced prior to the end of the first year of the Tax Credit Period, as necessary, to meet the 50% test for financing development costs from tax-exempt bond proceeds as described in Code Section 42(h)(4)(B), with the amount of such reduction to be determined by the Accountant and approved by the Special Limited Partner. The Amended and Restated Development Fee Agreement provides, in part, that the Development Fee shall first be paid from available proceeds in accordance with Section 9.2(b) of this Agreement and if not paid in full then the balance of the Development Fee will be paid in accordance with Section 11.1 of this Agreement.
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Payments to the General Partners and Others. (a) The Partnership shall pay to the Developer a Development Fee in the amount of $2,078,531 pursuant to the Development Agreement, provided, however, that the Development Fee will be reduced prior to the end of the first year of the Tax Credit Period, as necessary, to meet the 50% Test, with the amount of such reduction to be determined by the Accountant and approved by the Special Limited Partner. The Development Fee will first be paid from available proceeds in accordance with Section 9.2(b) and, if not paid in full, then the balance of the Development Fee will be paid in accordance with Section 11.1. If the Development Fee is not paid in full by December 31, 2027, then the General Partners shall advance to the Partnership an amount equal to the unpaid amount of the Development Fee, and the Partnership shall immediately forward such amount to the Developer as payment in full of the deferred portion of Development Fee. Upon the Withdrawal of a General Partner for any reason, any unpaid Development Fee will be due and payable to an affiliate of said Withdrawing General Partner upon the effective date of such Withdrawal and the Withdrawing General Partner shall advance to the Partnership an amount equal to the unpaid amount of the Development Fee payable to the affiliate of such Withdrawing General Partner, and the Partnership shall immediately forward such amount to the Developer affiliate of the Withdrawing General Partner as payment in full of the deferred portion of Development Fee. If the Withdrawing General Partner does not advance such funds, any earned but unpaid Development Fee will be deemed to have been paid by the Withdrawing General Partner to the Partnership as a Capital Contribution and paid to the affiliated Developer upon the Withdrawal of the Withdrawing General Partner.
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Payments to the General Partners and Others. (a) The Partnership shall pay to the Developer a Development Fee in the amount of $456,339, comprising $112,283 for Kingsfield Apartments, $244,115 for Xxxxxx Family Apartments, and $99,941 for Westridge Apartments, in accordance with the Development Fee Agreement entered into by and between the Developer and the Partnership on even date hereof. The Development Fee Agreement provides, in part, that the Development Fee shall first be paid from available proceeds in accordance with Section 9.2(b) of this Agreement and if not paid in full then the balance of the Development Fee will be paid in accordance with Section 11.1 of this Agreement.
Sample 1
Payments to the General Partners and Others. (a) The Partnership shall pay to the Management Agent a property management fee for the leasing and management of the Project in an amount in accordance with the Management Agreement. The term of the Management Agreement
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Payments to the General Partners and Others. (a) The Partnership shall pay to the Management Agent a property management fee for the leasing and management of the Project in an amount in accordance with the Management Agreement. The term of the Management Agreement shall not exceed one year, and the execution or renewal of any Management Agreement shall be subject to the prior Consent of the Limited Partner. If the Management Agent is an Affiliate of the General Partner then commencing with the termination of the Operating Deficit Guarantee Period, in any year in which the Project has an Operating Deficit, 40% of the management fee will be deferred ("Deferred Management Fee"). Deferred Management Fees, if any, shall be paid to the Management Agent in accordance with Section 11.1
Sample 1
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Related to Payments to the General Partners and Others

  • Administrative and Other Services (a) Subadviser will, at its expense, furnish (i) all necessary investment and management facilities, including salaries of personnel required for it to execute its duties faithfully, and (ii) administrative facilities, including bookkeeping, clerical personnel and equipment necessary for the efficient conduct of the investment affairs of the Fund (excluding determination of net asset values and shareholder accounting services).

  • Brokers and Other Advisors No broker, investment banker, financial advisor or other Person is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with the Transactions based upon arrangements made by or on behalf of Parent or any of its Subsidiaries except for Persons, if any, whose fees and expenses shall be paid by Parent.

  • SEC and Other Reports promptly upon their becoming available, one copy of (i) each financial statement, report, notice or proxy statement sent by the Company or any Subsidiary to public securities holders generally, and (ii) each regular or periodic report, each registration statement (without exhibits except as expressly requested by such holder), and each prospectus and all amendments thereto filed by the Company or any Subsidiary with the Securities and Exchange Commission and of all press releases and other statements made available generally by the Company or any Subsidiary to the public concerning developments that are Material;

  • Transfers and Other Liens Grantors shall not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral, except as expressly permitted by the Credit Agreement, or (ii) create or permit to exist any Lien upon or with respect to any of the Collateral of any Grantor, except for Permitted Liens. The inclusion of Proceeds in the Collateral shall not be deemed to constitute Agent’s consent to any sale or other disposition of any of the Collateral except as expressly permitted in this Agreement or the other Loan Documents;

  • Utilities and Other Services 4.4.1 The Tenant shall arrange, at its own cost and expense, for the installation, connection and supply of all utilities and any other services required by it at or in relation to the Premises.

  • Broker's and Other Fees Neither the Purchaser nor any of its ----------------------- directors or officers has employed any broker or finder or incurred any liability for any broker's or finder's fees or commissions in connection with any of the transactions contemplated by this Agreement.

  • Office and Other Facilities The Adviser shall furnish to the Trust office space in the offices of the Adviser or in such other place as may be agreed upon by the parties hereto from time to time, and all necessary office facilities and equipment;

  • Organizational and Other Matters Section 2.01 The Company was formed as a limited liability company under the provisions of the Act by the filing of the Certificate with the Secretary of State of the State of Delaware on the date concurrent with the date of this Agreement. The rights and liabilities of the Sole Member shall be as provided in the Act, except as otherwise expressly provided herein. F:\USERS\jenglish\Office\ENSCO Corporate Resources LLC\LLC Agreement.12.09

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