The Fairview Pond Sample Clauses

The Fairview Pond. Annual First Stage payments shall be the sum of (a) 100% of the Increment resulting from completion of one Commercial Phase and (b) 50% of the Increment resulting from each Residential Phase completed during the First Stage. Annual payments shall continue at this formula until Xxxxxxxxxx has completed the second Commercial Phase, at which point the formula would change as specified in subparagraph 6.7.2.7. Notwithstanding the change in formula for payments, the Incentive Payments shall continue for the full term of the Agreement for each completed Phase (building).
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Related to The Fairview Pond

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