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 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)(c) hereof. "Development Fee" means the fee payable by the Partnership to the Developer pursuant to Section 8.10 of this Agreement. "Development Sources" means the aggregate of: (a) the proceeds of the Mortgage Loan; (b) the Capital Contributions of the General Partner, as set forth in Section 5.01(a) of this Agreement; (c) not more than $426,008 less the amount of the non-Deferred Development Fee of the Capital Contributions of the Investment Partnership to the Partnership; and (d) any rental income of the Partnership for the period prior to Final Closing. "Distributable Proceeds from Capital Transactions" means the excess of all cash receipts and other consideration arising from the sale or other disposition of all or any portion of the Apartment Complex or any proceeds realized from condemnation, casualty, or title defect, but excluding proceeds, if any, from rental interruption insurance or a temporary condemnation in the nature of a lease, over the sum of the following, to the extent paid out of such cash receipts or other consideration: (i) the amount of cash disbursed or to be disbursed in connection with or as an expense of such sale orother disposition, (ii) the amount necessary for the payment of all debts and obligations of the Partnership arising from or otherwise related to such sale or other disposition or to which the Apartment Complex is subject and which are otherwise then due (other than debts and obligations owed to the Partners and their Affiliates, which shall be satisfied in the order set forth in Section 11.04), and (iii) any amounts set aside by the General Partner for reserves which the General Partner deems reasonably necessary for contingent,unmatured or unforeseen liabilities of the Partnership. "Distributable Proceeds from Refinancings" means the excess of the gross proceeds of any borrowing by the Partnership over the sum of the following, to the extent paid out of such gross proceeds:

Examples of Deferred Development Fee in a sentence

• Borrower is responsible to pay $71,071.43 per month, up to a maximum amount of $2,005,000.00 to Heritage Partners, LLC with respect to the Deferred Development Fee, unless such fee is waived by Heritage Partners and Borrower.

• The Deferred Development Fee shall be paid out of Net Operating Income pursuant to Section 11.1 of the Partnership Agreement, but the Owner shall pay to the Developer any unpaid principal and accrued interest on the thirteenth anniversary of the Completion Date.

• In no event will deductions in determining Cash Flow pursuant to clauses (i) and (ii) above include payments made on account of: the Asset Management Fee, amounts due on any Subordinated Loans, the Incentive Partnership Management Fee, the subsequent annual funding of the Tenant Transition Fund, the Deferred Development Fee and/or any Cash Flow only interest payments on the Preservation Loan.

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

• Such Excess Development Costs may, at Wichita GP's election be paid by Wichita GP causing a portion of the Development Fee (not to exceed the lesser of the amount of the Excess Development Costs, or the then unpaid cash portion of the Development Fee) to be changed to a Deferred Development Fee in the manner provided in Section 3(b) of the Development Agreement (a "DDF Election").

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 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.

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 has the meaning specified in Section 4.08 b. hereof.

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