Traffic Impact Fees Sample Clauses

Traffic Impact Fees. Purchaser and Seller acknowledge that Seller has made and will continue to make significant financial contributions to the construction of Xxxxxx Boulevard (a/k/a East West Road) under a local improvement district to which Seller is obligated to contribute. Seller understands that its local improvement district obligation may be reduced by the amount of traffic impact fees paid by Seller, Purchaser, and others in connection with the development of lots and parcels within Peacock Hill. The parties acknowledge and agree that any traffic impact fees paid by Purchaser or others in connection with the development of the Property shall be used to reduce the obligation of Seller under its local improvement district obligations to the City of Gig Harbor in connection with the development of Xxxxxx Boulevard, but only to the extent that (a) such reduction is permitted by the City of Gig Harbor, and (b) Purchaser is not materially disadvantaged by such cooperation with Seller. 13.
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Traffic Impact Fees. To Seller's knowledge, there are no claims by Redwood City or any other governmental agency for traffic impact fees relating to the Property. (12)
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Traffic Impact Fees. On or prior to the Fee Payment Date, Developer shall pay (in accordance with Section 5.02.E), two hundred sixty seven thousand seven hundred ninety five dollars ($267,795) as the “Traffic Impact Fee”, as contemplated by Mitigation Measures Trans-1 and Trans-2 in the Mitigation Measures adopted for the Project in connection with the approval of the EIR. The Parties agree that as of the Approval Date, Developer has paid seven hundred eighty thousand five hundred dollars ($780,500) for the “Diamond Hill Estates” subdivision, which amount shall be deducted from amounts otherwise due on or prior to the Fee Payment Date. For the convenience of the Parties, a table reflecting the above fees is attached hereto as Exhibit C. In the event of a conflict between the body of this Agreement and Exhibit C, the body shall prevail.
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Traffic Impact Fees. At the Closing, Buyer shall pay to Seller Buyer’s Share of a certain traffic impact fee for the Project in the aggregate amount of Five Million Six Hundred Thousand and 00/100 Dollars ($5,600,000.00) that Seller previously has paid to the City (the "Traffic Impact Fee”) and, if not previously paid to the City, Buyer shall pay Buyer’s Share in connection with the first monthly requisition pursuant to the Development Services Agreement (Buyer’s Share of such Traffic Impact Fee payable pursuant to this sentence being defined as "Buyer’s Proportionate Traffic Impact Fee”). With respect to Parcels 1, 2 and 3, and the portion of Parcel 5 included in the Land, Seller shall not seek reimbursement from Buyer in excess of the amount of Buyer’s Proportionate Traffic Impact Fee should the City impose a traffic impact fee for the Project in excess of Five Million Six Hundred Thousand and 00/100 Dollars ($5,600,000.00). The allocation and payment of the Traffic Impact Fee (and any additional or future traffic impact fees) with respect to the Option Property are addressed in the Option Agreement.
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Traffic Impact Fees. Section 13(c) of the Development Agreement is hereby deleted in its entirety.
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Traffic Impact Fees. Pursuant to Section 7-405 of the Garfield County LUDC, and Resolution Xx. 0000-00, Xxxx Xxxxxxx Xxxxx, Filing 2, would require a Traffic Impact Fee. Pursuant to Section 7-405(A)(1) of the LUDC the appropriate fees will be collected at the time of building permit applications for each lot within Filing 2. If for any reason, none of the lots within Filing 2 are developed no road impact fees will be required.
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Traffic Impact Fees. On or prior to the Fee Payment Date, Developer shall pay (in accordance with Section 5.02.E), $60,882.60 as the “Traffic Impact Fee.”.
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Traffic Impact Fees. Developer acknowledges that traffic in the Project vicinity will be impacted due to construction and cars to and from the Project. As a result, Developer hereby agrees to pay the Traffic Impact fee estimated at one hundred sixty five thousand two hundred fifty three dollars ($165,253.00) but subject to final calculation based upon the prevailing schedule approved by the City Council prior to the issuance of certificate of occupancy.
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Traffic Impact Fees. Owners shall make a payment of $1,000,000 to fulfill the Annexation Property’s participation in the City’s Citywide Transportation Impact Fee program (TIF) and/or other area transportation improvement reimbursement obligations (“Traffic Impact Fee Payment”). The Traffic Impact Fee Payment is based upon the existing and future buildable development area and intensity on each of the lots within the Annexation Property as approved by the County, up to a total of 680,000 square feet of building floor area within the Annexation Property as depicted in Exhibit D attached hereto, which describes the maximum square footage of building floor area for each lot within the Annexation Property, as previously approved by the County as of the date of this Agreement. The Traffic Impact Fee Payment does not include development of the PSHH Property. There shall be no additional traffic impact fees or fees or requirements for off-site traffic improvements, except for the Required Improvements, required for new development on any lot within the Annexation Property, so long as development remains within the building floor area and development intensity approved by the County for each lot as depicted in Exhibit D, up to a cumulative total of 680,000 square feet. Additional building floor area or intensities proposed beyond that approved by the County for each lot, as depicted in Exhibit D would be subject to the then applicable TIF.
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Related to Traffic Impact Fees

  • Technology Access Fee After the Effective Date, within [***] days after receipt of the corresponding invoice from Mersana, Merck will pay to Mersana, a one-time, non-refundable, non-creditable, upfront fee of Twelve Million Dollars ($12,000,000.00) (the [***] Portions of this exhibit have been redacted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission. “Technology Access Fee”). Payment of the Technology Access Fee shall be subject to any withholding Tax obligations set forth in Section 6.9.1.

  • Upfront Fees The Borrower agrees to pay to the Agent for the benefit of the Lenders in immediately available funds on or before the Closing Date an upfront fee (the "Upfront Fee") in the amount provided in the Agent's Fee Letter.

  • License Fees If so provided in the Prospectus, the Depositor may enter into a Licensing Agreement (the "Agreement") with a licensor (the "Licensor") described in the Prospectus in which the Trust(s), as consideration for the licenses granted by the Licensor for the right to use its trademarks and trade names, intellectual property rights or for the use of databases and research owned by the Licensor, will pay a fee set forth in the Agreement to the applicable Licensor or the Depositor to reimburse the Depositor for payment of the expenses. If the Agreement provides for an annual license fee computed in whole or part by reference to the average daily net asset value of the Trust assets, for purpose of calculating the accrual of estimated expenses such annual fee shall accrue at a daily rate and the Trustee is authorized to compute an estimated license fee payment (i) until the Depositor has informed the Trustee that there will be no further deposits of additional Securities, by reference to an estimate of the average daily net asset value of the Trust assets which the Depositor shall provide the Trustee, (ii) thereafter and during the calendar quarter in which the last business day of the period described in clause (i) occurs, by reference to the net asset value of the Trust assets as of such last business day, and (iii) during each subsequent calendar quarter, by reference to the net asset value of the Trust assets as of the last business day of the preceding calendar quarter. The Trustee shall adjust the net asset value (Trust Fund Evaluation) as of the dates specified in the preceding sentence to account for any variation between accrual of estimated license fee and the license fee payable pursuant to the Agreement, but such adjustment shall not affect calculations made prior thereto and no adjustment shall be made in respect thereof.

  • Use; Maintenance Borrower shall keep and maintain all items of equipment and other similar types of personal property that form any significant portion or portions of the Collateral in good operating condition and repair and shall make all necessary replacements thereof and renewals thereto so that the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower shall not permit any such material item of Collateral to become a fixture to real estate or an accession to other personal property, without the prior written consent of Lender. Borrower shall not permit any such material item of Collateral to be operated or maintained in violation of any applicable law, statute, rule or regulation. With respect to items of leased equipment (to the extent Lender has any security interest in any residual Borrower’s interest in such equipment under the lease), Borrower shall keep, maintain, repair, replace and operate such leased equipment in accordance with the terms of the applicable lease.

  • License Maintenance Fees COMPANY shall pay to M.I.T. the following license maintenance fees on the dates set forth below: [January 1, year] [dollar amount] [January 1, year] [dollar amount] [and each January 1 of every year thereafter] [dollar amount] This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.

  • Development Fees The character and amount of any fee, charge or other consideration which must be paid by Donee to develop any Property.

  • License Maintenance Fee Beginning and each thereafter, ***** will pay Stanford a yearly license maintenance fee of $ . Yearly maintenance payments are nonrefundable.

  • Milestone Fees Licensee will pay Milestone Fees indicated in Section 3.1(b) of the Patent & Technology License Agreement by the Quarterly Payment Deadline for the Contract Quarter in which the milestone events set forth in Section 3.1(b) of the Patent & Technology License Agreement are achieved.

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