Common use of Prior Services Rendered Clause in Contracts

Prior Services Rendered. The Parties acknowledge and agree that Developer has earned 75% of the Development Fee for services rendered prior to the date hereof, that said amount is reasonable in relation to the work performed, is fully earned as of that date and said amount shall be paid in any event notwithstanding the termination of this Agreement. The Parties further acknowledge and agree that, for accounting purposes, the Owner has accrued an amount of the Development Fee equal to $908,410.

Appears in 1 contract

Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

AutoNDA by SimpleDocs

Prior Services Rendered. The Parties acknowledge and agree that Developer has earned 75% the sum of the Development Fee $72,000 for services rendered prior to the date hereof, that said amount is reasonable in relation to the work performed, is fully earned as of that date and said amount shall be paid in any event notwithstanding the termination of this Agreement. The Parties further acknowledge and agree that, for accounting purposes, that the Owner has accrued an amount of the Development Fee equal to of $908,41072,000, under its method of accounting.

Appears in 1 contract

Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Prior Services Rendered. The Parties acknowledge and agree that Developer has earned 75% the sum of the Development Fee $5,960 for services rendered prior to the date hereof10% carryover date, that said amount is reasonable in relation to the work performed, is fully earned as of that date and said amount shall be paid in any event notwithstanding the termination of this Agreement. The Parties further acknowledge and agree that, for accounting purposes, that the Owner has accrued an amount of the Development Fee equal to of $908,4105,960, under its method of accounting.

Appears in 1 contract

Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Prior Services Rendered. The Parties acknowledge and agree that Developer has earned 75% the sum of the Development Fee $34,439 for services rendered prior to the date hereof, that said amount is reasonable in relation to the work performed, is fully earned as of that date and said amount shall be paid in any event notwithstanding the termination of this Agreement. The Parties further acknowledge and agree that, for accounting purposes, that the Owner has accrued an amount of the Development Fee equal to of $908,41034,439, under its method of accounting.

Appears in 1 contract

Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Prior Services Rendered. The Parties acknowledge and agree that Developer has earned 75% the sum of the Development Fee $52,700 for services rendered prior to the date hereof, that said amount is reasonable in relation to the work performed, is fully earned as of that date and said amount shall be paid in any event notwithstanding the termination of this Agreement. The Parties further acknowledge and agree that, for accounting purposes, that the Owner has accrued an amount of the Development Fee equal to of $908,41052,700, under its method of accounting.

Appears in 1 contract

Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

AutoNDA by SimpleDocs

Prior Services Rendered. The Parties acknowledge and agree that Developer has earned 75% the sum of the Development Fee $72,900 for services rendered prior to the date hereofMay 1, 2004, that said amount is reasonable in relation to the work performed, is fully earned as of that date and said amount shall be paid in any event notwithstanding the termination of this Agreement. The Parties further acknowledge and agree that, for accounting purposes, that the Owner has accrued an amount of the Development Fee equal to of $908,41072,900, under its method of accounting.

Appears in 1 contract

Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)

Prior Services Rendered. The Parties acknowledge and agree that Developer has earned 75% of the Development Fee for services rendered prior to the date hereof, that said amount is reasonable in relation to the work performed, is fully earned as of that date and said amount shall be paid in any event notwithstanding the termination of this Agreement. The Parties further acknowledge and agree that, for accounting purposes, the Owner has accrued an amount of the Development Fee equal to $908,410828,240.

Appears in 1 contract

Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Prior Services Rendered. The Parties acknowledge and agree that Developer has earned 75% the sum of the Development Fee $80,000 for services rendered prior to the date hereof, that said amount is reasonable in relation to the work performed, is fully earned as of that date and said amount shall be paid in any event notwithstanding the termination of this Agreement. The Parties further acknowledge and agree that, for accounting purposes, that the Owner has accrued an amount of the Development Fee equal to of $908,41080,000, under its method of accounting.

Appears in 1 contract

Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!