Deferred Development Fee definition

Deferred Development Fee means any portion of the Development Fee not actually paid to and received by the Developer from the Installments, the payment of which is deferred and payable only in accordance with Sections 5.01(a), 11.03(A)(b) and 11.04(A)(a) hereof.

Deferred Development Fee means any part of the Development Fee (as defined in the Partnership Agreement) together with any interest thereon not paid by the Completion Date (as defined in the Partnership Agreement) and payable out of Cash Flow in accordance with the terms of the Partnership Agreement.

Deferred Development Fee means those fees in the aggregate amount of the $2,005,000 payable by Borrower to Heritage Partners, LLC; provided that such Deferred Development Fee shall only be payable during the term of the Loan if (a) funds are available from the Mezzanine Loan and the Mortgage Loan in an amount necessary for the Completion of the Improvements and (b) Net Sale Proceeds are available in the Deposit Account in an amount necessary to pay off the outstanding balance of the Mezzanine Loan and the Mortgage Loan.

Examples of Deferred Development Fee in a sentence

• The Authority will require a Deferred Development Fee Agreement, satisfactory to the Authority in its sole discretion evidencing the principal amount and terms of interest and repayment of any deferred repayment obligation be submitted at the time of final cost certification.

• Of the $212,428 Deferred Development Fee payable at December 31, 20YY, $90,000 can be paid on a priority basis.

• The Partnership shall use the increase in the Fourth Capital Contribution (A) first to pay Development Costs (other than Deferred Development Fee and Operating Deficits), (B) until the Deferred Development Fee is paid in full, 90% to the Deferred Development Fee and 10% to AHF as a distribution and (C) then, distributed as Net Cash Flow pursuant to Section 9.1(a) of this Agreement.

• Deferred Development Fee: As set forth in the Development Services Agreement.

• The Authority is authorized and directed to take such steps as are necessary on behalf of itself as lender and as general partner of the Partnership in connection with the Deferred Development Fee.

More Definitions of Deferred Development Fee

Deferred Development Fee means the development fee payable by the Company to the Developer after the date of this Agreement pursuant to the Development Agreement.

Deferred Development Fee means any portion of the developer fee payable to Phase IIB Developer in connection with the development of the Phase IIB Market Rate Owner Improvements which was not paid from development sources. The Deferred Development Fee shall not exceed the sum of Two Million Sixty-Four Thousand Eight Hundred Eighty-Six Dollars ($2,064,886), minus any portion of such development fee paid upon or following closing of the Tax Exempt Note Loan, upon which deferred amount no interest shall accrue or be payable.

Deferred Development Fee means the “Service Fee” due to the Developer under Section 3.1 of the Development Services Agreement that is payable only on the Term Conversion Date.

Deferred Development Fee is that fee payable to the Managing Member or its affiliate at or before stabilization of the Project.

Deferred Development Fee has the meaning specified in Section 6.12(b). Disposition (including the forms Dispose and Disposing) means, as to a Limited Partner, the assignment, sale, transfer, exchange or other disposition of all or any part of its Interest.

Deferred Development Fee for each Project, has the meaning given to such term in Schedule 1.1B for such Project.

Deferred Development Fee has the meaning specified in Section 4.08 b. hereof.