Remittance of Fees; Certified Reports. Within thirty (30) calendar days following the end of each quarterly period during the Term of this Agreement, Owner shall submit the Certified Report to the City’s Finance Director and a payment for the Production and Manufacturing, Cultivation and Distribution Fees for that Operational Period as identified in the Certified Report. Owner shall pay Fees to the City on a quarterly basis without exception. Any material misstatement or misrepresentation in the Certified Report and any failure to pay Fees when due shall constitute events of default by Developers subject to the default provisions of this Agreement.
Appears in 7 contracts
Samples: Development Agreement, Development Agreement, Development Agreement
